Prime Minister departs for CAEXPO, CABIS in China

Hanoi (VNA) – Prime Minister Pham Minh Chinh and a Vietnamese delegation left Hanoi on September 16 morning for the twentieth China-ASEAN Expo (CAEXPO) and China-ASEAN Enterprise and Funding Summit (CABIS) in Nanning metropolis, Guangxi province of China from September 16-17, on the invitation of the Chinese language Authorities.

Co-hosted yearly by China and ASEAN, CAEXPO and CABIS are amongst China’s prime 10 exhibitions. Within the earlier 19 editions of the expo, Vietnam at all times despatched a Authorities chief to the occasion and had the biggest variety of cubicles and exhibitors amongst ASEAN international locations.

The twentieth CAEXPO and CABIS this yr has the theme of “Constructing a harmonious homeland, a typical future to the longer term – selling high-quality improvement of Belt and Highway Initiative (BRI) and constructing an financial development centre”.

The 2 occasions are a part of a collection of occasions to have fun 20 years of China-ASEAN strategic partnership. The Vietnamese delegation collaborating within the expo is the biggest in ASEAN, with 250 cubicles overlaying an space of 5,000 sq.m.

The bilateral commerce between Vietnam and China hit 175.56 billion USD final yr. Within the first eight months of this yr, the determine reached 105.5 billion USD whereas Chinese language investments in Vietnam neared 1.3 billion USD with 399 initiatives, making China the second largest international direct investor in Vietnam.

As of August 20, 2023, China maintained its place because the sixth largest investor amongst 143 international locations and territories investing in Vietnam, with 3,949 legitimate initiatives with a complete registered capital of over 25.8 billion USD. China has been the main supply of vacationers to Vietnam for a number of years, with greater than 557,000 Chinese language arrivals within the first half.

PM Chinh’s attendance on the CAEXPO and CABIS demonstrates the significance each international locations place on the bilateral pleasant relations, the ASEAN-China cooperation, and the connection between Vietnamese localities and Guangxi province in China. It displays a excessive degree of political belief, a spirit of “comradeship and fraternity”, and underlines Vietnam’s international coverage instructions set forth on the thirteenth Nationwide Social gathering Congress./.

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