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Vietnamese PM expects further cooperation between Vietnamese, Chinese entrepreneurs
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14:27, October 29, 2007

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Vietnam is expecting entrepreneurs from both China and Vietnam to make greater efforts to promote trade, investment and economic cooperation in the Southeast Asian nation, the country's Prime Minister Nguyen Tan Dung has said.

Vietnam has a good investment environment and traditional friendship with China, Vietnam's biggest trade partner in the past three years, said Nguyen at a Vietnam-China investment and business forum in the southern China city of Nanning.

Last year trade between the two countries grew by 21.4 percent to 9.95 billion U.S. dollars. In the first eight months this year, bilateral trade jumped as high as 46.2 percent to 9.1 billion dollars.

According to Nguyen, Vietnam has also attracted more than 500 projects involving 1.5 billion dollars of investment from China.

Vietnam's rapid economic growth over the past 25 years has laid a solid foundation for further cooperation with China and the policies of the Vietnamese government to facilitate foreign investors also create a sound environment for Chinese business people, the premier said.

"I'm expecting Vietnamese and Chinese entrepreneurs to make greater efforts to promote trade, investment and economic cooperation between the two countries," he said.

Meanwhile, Vietnam has formulated a series of policies in a bid to attract Chinese tourists, who have been seen in growing numbers in Vietnam in recent years, according to a senior Vietnamese tourism official.

The growth momentum in China-Vietnam trade and economic cooperation also encourages the Chinese. Chinese Vice Commerce Minister Gao Hucheng said at the same forum that judging from the current development, trade between China and Vietnam is expected to reach 15 billion U.S. dollars by 2010, a target set by leaders of both countries in 2006.

The forum is part of a series of events held during the Fourth China-ASEAN Expo and the Fourth China-ASEAN Business and Investment Summit, which opened here on Sunday and will end on Wednesday.


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