At an industrial park in Vietnam (Photo: tapchitaichinh.vn) Beijing (VNA) – Vietnamese Minister of Industry andTrade Nguyen Hong Dien held talks with Chinese Minister of Commerce Wang Wentao on June 28, as part of PrimeMinister Pham Minh Chinh’s official visit to China and attendance at the 14th Annual Meeting of the New Champions of the World Economic Forum (WEF)from June 25-28.
MinisterDien appreciated the Chinese Ministry of Commerce's close coordination with Vietnamto promptly tackle arising issues in economic and trade ties.
Hesuggested Minister Wang push for the expansion of Vietnam-China bilateral trade and trade between the two countries' localities so as to bring more Vietnamese goods into the Chinese market.
Dien also asked the Chinese side to improve the efficiencyof customs clearance at border gates, help accelerate the establishment of the Vietnam TradePromotion Office in Haikou this year and facilitate the transit of Vietnameseexports through the Chinese railway to third countries.
Highlighting the importance of the Memorandum ofUnderstanding (MoU) on cooperation to ensure Vietnam-China supplychain between the Vietnamese Ministry of Industry and Trade (MoIT) and the ChineseMinistry of Commerce, Minister Dien said both sides should build an action planto realise the MoU. This includes building a logistics network connecting thesupply chains of both countries, from raw material regions and industrial parksto production facilities, ports, and distribution centres. The plan should alsoinvolves establishing distribution and logistics hubs in production andconsumption areas of both countries.
Agreeing with Dien’s proposals, Wang pledged to assignrelevant units to work with the MoIT to roll out cooperation in the mentioned aspects.
He touched upon issues of China's interest such as the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP), the Regional Comprehensive EconomicPartnership (RCEP), the upgrade of the ASEAN-China Free Trade Agreement(ACFTA), and stronger collaboration in e-commerce. He also suggested Vietnamback Chinese investment in the country.
In reply, Dien vowed to partner up with China on multilateralissues and assist reputable Chinese enterprises in investing in hi-tech and eco-friendlysectors.
Both sides also agreed to discuss cooperation withinmultilateral framework to boost economic and trade development of bothcountries.
On the occasion, the Vietnamese minister invited Minister Wang tovisit Vietnam to discuss further deepening bilateral comprehensivecollaboration between respective agencies. Wang 𝓀promised to arrange the visitin suitable time./.
