BFA Secretary-General Li Baodong emphasized that the BFA was established in 2001 with the mission of building an economic forum for Asia to promote economic exchanges and cooperation in the region and inter-region for the development of countries.

Delegates at the forum.

With the same mode of the organization as the World Economic Forum, BFA has increasingly attracted the attention of leading world businesses, particularly Asian businesses. Vietnam is one of the founding members of the BFA and has frequently attended annual forums at the Government level.

Addressing the forum, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), Vu Tien Loc, said that China has been the largest trade partner of Vietnam for 13 consecutive years. China is also the largest export market of Vietnam in the areas of computers, components, rubber, coal and rice.

By the end of November 2018, China had invested in 2,102 projects in Vietnam with a total investment capital of US$13.05 billion, with the focus on manufacturing, energy, real estate, garments and textiles, electronics and services.

However, Loc noted that Vietnam is suffering an increasing trade deficit with China, adding that Vietnam wishes China would increase the imports of Vietnamese goods to gradually improve the bilateral trade balance.

According to Chairman of Hanoi municipal People's Committee, Nguyen Duc Chung, Hanoi has always attached great importance to the cooperation with localities and business community of China for the mutual benefits of both sides.

Chinese enterprises have invested in 425 projects in Hanoi with a total registered capital of US$517 million, Chung stated. However, trade and investment cooperation between the two sides has yet to meet its potential and Hanoi will continue to reform the administrative procedures related to the imports and exports of goods and boost the exports of its key products to China.

Joint naval drill with China, ASEAN will enhance Vietnam’s capabilities

Vietnam is looking to share experiences and enhance its naval capabilities with participation in the ongoing China-ASEAN drill.

 

Vietnam, China beef up defence ties

A high-ranking Vietnamese military delegation led by Defence Minister General Ngo Xuan Lich paid an official visit to China from October 26-28 at the invitation of his Chinese counterpart Sen. Lieut. Gen. Wei Fenghe.   

 

PM Nguyen Xuan Phuc to attend China’s international import expo

Prime Minister Nguyen Xuan Phuc will attend China’s first International Import Expo in Shanghai on November 4-5. 

 

Second Vietnam trade promotion office in China opens

A Vietnam trade promotion office, the second of its kind in China, was inaugurated in Hangzhou city in the eastern province of Zhejiang on November 5.

 

Vietnam considers relationship with China one of top priorities: PM

Vietnam always attaches importance to developing the friendly, stable, healthy and sustainable relationship with China, considering this one of the top priorities in the country’s foreign policy, said Prime Minister Nguyen Xuan Phuc.

 

Source: NDO