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Sino-Vietnamese Trade Records Rapid Growth
China has become the fifth largest trading partner of Vietnam, with the bilateral trade volume topping 2.5 billion US dollars-worth last year.
The figure was 82 times more than the trade volume between the two countries in 1991, said a Chinese official at the Sino- Vietnamese Economic and Trade Cooperation Seminar, which closed Tuesday in this capital of southwest China's Yunnan Province.
China imports fuel, farm products, fruit, poultry and other consumer goods from Vietnam, and exports complete sets of equipment, machinery, raw materials, grain and light industrial goods to that southeast Asian country.
So far, China has invested 45.3 million U.S. dollars in 34 projects in Vietnam. Tourism between the two countries has also developed rapidly, with more than 20,000 Vietnamese visitors to China last year.
Yunnan shares a border of 710 km with Vietnam. Since Sino- Vietnamese relations warmed up in 1992, border trade has become brisk. The trade volume between Yunnan and Vietnam totaled 100 million U.S. dollars-worth last year, of which 60 million U.S. dollars came from border trade.
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