China to be ready to expand imports of Vietnamese agricultural products

Press conference on Vietnam visit by Chinese Vice Premier Zhang Gaoli.

(Photo: Reunification / VNA)
During the visit to Vietnam by the standing members of the Political Bureau, Vice Premier of the People's Republic of China led by Zhang Gaoli, on July 18 in Hanoi, Chinese Deputy Chairman of Committee for Restoration and Development, Ho Ho Zai and The Deputy Minister of Commerce of China Zhongshan chaired the press conference to announce the results of the visit of Vice Premier Zhang Gaoli, as well as the cooperation in trade, investment, cooperative connections between China and Vietnam.
According to Deputy Minister of Commerce of China Zhongshan, the visit of Vice Premier Zhang Gaoli is an important visit after the meeting between General Secretary of the Communist Party of China Xi Jinping and the General Secretary of the Communist Party of Vietnam Nam Nguyen Phu Trong on April, and is practical and effective in various fields between the two sides.
Deputy Zhongshan reviews, the recent years of economic cooperation, trade, tourism and investment between the two countries flourished, bringing practical benefits to both sides. In the field of trade, 2014, total bilateral trade of the two countries reached 83.6 billion US dollars, up 27% over the previous year, an increase of 11 times compared to 10 years ago.
In the first 6 months of this year, trade turnover between the two countries reached 42.29 billion US dollars, up 16.6% over the same period of last year. China is the largest trade partner of Vietnam in 11 consecutive years and Vietnam also become the second largest trade partner of China in ASEAN.
Investment cooperation, according to statistics by the end of 2014, total investment of Chinese enterprises in Vietnam reached US $ 8 billion. Chinese enterprises mainly invest in sectors such as power, steel, textile, light industry and agriculture, etc.
A number of important projects in the fields of electric power, transportation, metallurgy and chemical enterprises of China are being implemented in Vietnam such as Vinh Tan 1 BOT coal-fired power plant, railways in Ha Noi 2 with concessional loans.
Tourism cooperation’s strong development is one of the highlights of the cooperation between the two countries. China is the country that sends the largest number of tourists to Vietnam in 15 consecutive years. In 2014 there was about 1.95 million Chinese tourists travelling to Vietnam, while there are about 1.71 million people in Vietnam travelling to China; it contributes to enhancing exchanges and promoting mutual understanding between the people two peoples and consolidating the traditional friendship between China and Vietnam.
Zhongshan emphasized the potential economic and trade cooperation between the two great countries, China is willing to work with Vietnam to expand the areas of cooperation and sizes, ready to expand the export market for agricultural products from Vietnam and other products with the competitiveness of Vietnam.
Also at the press conference, Deputy Chairman of the Commission Reform and Development of Chinese said that Vietnam and China have had good cooperative results.
Vinh Tan 1 BOT coal-fired thermal power plant is a new achievement that both countries achieved in the long term practical cooperation. When the project is officially built and put into operation, it will increase the ability of local electricity supply, creates employment opportunities, promotes local economic development and improves people's livelihood.
He said that both Vietnam and China should further promote cooperation in the construction of infrastructure connectivity, trade and investment and financial cooperation, implementation of cultural exchanges, academic exchanges and youth exchanges between the two countries.
Mr. Ho To Tai said, the Commission reform and development of China and the Ministry of Planning and Investment of Vietnam have developed mechanisms of cooperation of group working on the infrastructure. In addition, the potential for cooperation Vietnam and China in the field of energy production and manufacturing machinery is huge ... /.
On 21 May 07 2015