Many Chinese Investors Express Strong Interest in Vietnam

Many Chinese Investors Express Strong Interest in Vietnam

Investment in Vietnam - The investment promotion conference of Beijing, Tianjin, Hebei in Vietnam in 2017 took place in the afternoon of December 6 in Ho Chi Minh City.

Vietnam is attracting the interest of many Chinese investors.

This is the confirmation of delegates at the Investment Promotion Conference of Beijing, Tianjin, Hebei in Vietnam in 2017 co-organized by the Vietnam Chamber of Commerce and Industry in Ho Chi Minh City (VCCI - HCM) and the Investment-Trade Promotion Center of Tianjin City (China) in Ho Chi Minh City, afternoon 6 November.

Mr. Vo Tan Thanh - Director of VCCI - HCM said that "The cooperation between Vietnam and China is developing strongly, especially cooperation in the areas of trade, investment and tourism have achieved the results very impressively.

China is now Vietnam's largest trading partner. In contrast, Vietnam is China's ninth largest trading partner and the largest trading partner in the ASEAN region.

Vietnam-China bilateral trade turnover in 2016 reached US$ 72 billion. In the first 10 months of 2017, bilateral trade reached US$ 82 billion , expected that trade turnover in the whole 2017 will reach US$ 100 billion, fulfilling the target set by the two countries for 2020.

Vietnam exported items to China such as mobile phones, electronic components, rubber, agricultural products, seafood ... and imported most of the raw materials in the garment industry, leather shoes, steel, construction materials, etc.

In terms of tourism, Vietnam attracted 2.7 million Chinese tourists (accounting for 27% of total foreign visitors to Vietnam) in 2016. In the first 11 months of 2017, the number of Chinese tourists to Vietnam reached 3.6 million, up by 35% over the same period in 2016.

China has currently more than 1,700 investment projects in Vietnam with a total capital of about US$ 12 billion. This is the eighth largest foreign investor in 126 countries and territories investing in Vietnam, of which the processing and manufacturing sector accounted for the highest proportion, followed by real estate investment, restaurant services, etc.

Many Chinese enterprises have expressed their interest in investing in wood processing, furniture production, and bicycle manufacturing in Vietnam. At the same time, they also would like to cooperate with Vietnamese enterprises in transporting and importing agricultural products and tropical fruits through official channels in order to minimize costs and maintain better quality and bring benefits to bilateral businesses.

Furthermore, the business community, Chinese investors in Vietnam is quite developed, this will be the bridge and a powerful source of support for investors, and business people continue to promote China's investment and trade exchanges for the prosperity of both countries.


Related news