Chinese province wants to promote economic ties with Vietnam

China’s southwestern province of Sichuan wishes to further develop economic, commercial and investment relations with Vietnam, said Huang Xiaoxiang Vice-Governor of Sichuan province at a seminar to explore opportunities for cooperation between Vietnam and China in Hanoi on December 25.

Located in the centre of China’s southwest region, Sichuan will provide a number of favourable trade and commerce opportunities for both foreign and Vietnamese businesses.

Economic relations between Vietnam and Sichuan have been constantly strengthened with two-way trade turnover increasing by 111 percent in 2007 and over 35 percent in the first 10 months of 2008.

Many of Sichuan’s businesses have invested in Vietnam. Over US$476 million was put into a thermal power plant in Hai Phong and another US$230 million into another plant in Uong Bi.

The provincial authorities have drawn up a plan to expand the system of roads and rail transport between Thanh Do town and Kunming, Yunnan province, China, to facilitate cross-border goods exchange with Vietnam.

In addition, conferences are regularly held to introduce Vietnam’s economic achievements and investment policies and encourage the Sichuan business community to invest in the country.

Source: VNA