Beijing (VNA) – Greater than 30 enterprises from southwest China’s Chongqing metropolis invested in 21 manufacturing initiatives value over 569 million USD in Vietnam by the top of 2022, Trieu Thuy Nga, head of the Vietnam commerce promotion workplace within the Chinese language metropolis reported.
In keeping with Nga, the workplace has supported many Chinese language companies that had plans to put money into Vietnam, offering them with info on the nation’s funding setting and insurance policies; and consultations on procedures associated to funding, constructing factories and establishing firms within the Southeast Asian nation.
Since early this 12 months, many businesses and companies in Chongqing and Sichuan have contacted the workplace, asking for assist in organising working delegations to Vietnam to discover funding and enterprise alternatives, Nga mentioned.
As scheduled, the Commerce Promotion Company (TPA) below the Ministry of Trade and Commerce (MoIT) will attend the Western China Worldwide Honest 2023 in Chongqing, whereas a delegation of the Chongqing Municipal Fee of Commerce (CMCC) will make a subject journey to Vietnam, in Could or June this 12 months.
Nga mentioned her workplace will proceed to nicely carry out the 2023 Motion Plan on implementing the MoU on strengthening financial, commerce and funding cooperation signed between the TPA and the CMCC in September 2022, specializing in organising the thirty second Vietnam Worldwide Commerce Honest, the Vietnam Foodexpo 2023, the Western China Worldwide Honest 2023 in Chongqing, conferences to advertise commerce and funding cooperation between the 2 sides, subject journeys and conferences for representatives of the MoIT and the Chongqing authority.
The Vietnam commerce promotion workplace, which was arrange in Chongqing in 2015, has contributed to strongly selling financial and commerce ties between Vietnamese localities and Chinese language metropolis particularly, and between Vietnam and China basically.
Statistics of China Customs present that in 2018, the import-export turnover between Vietnam and Chongqing reached solely 2 billion USD, which doubled to 4.5 billion USD one 12 months later. The determine reached 7.3 billion USD in 2022.
Vietnam remained Chongqing’s largest buying and selling associate in ASEAN for 3 consecutive years, accounting for 40% of the Chongqing-ASEAN commerce turnover./.