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Vietnam seeks greater trade cooperation with China’s Guangdong
Nguyen Tung 16:15, 2019/08/28
Vietnam welcomes investments from major enterprises in Guangdong, while expecting the Chinese province to import more Vietnamese products.
Vietnam and China’s Guangdong province should expand cooperation in trade, investment and economic activities, according to Deputy Prime Minister Trinh Dinh Dung. 
 
Overview of the meeting. Source: VGP.
Overview of the meeting. Source: VGP.
Vietnam welcomes investments from major enterprises in Guangdong, while expecting the Chinese province to import more Vietnamese products, particularly farm produce such as rice, fruit and milk, among others, Dung said at a meeting with Vice Governor of Guangdong Ouyang Weimin on August 27. 

Dung highly regarded Guandong’s socio-economic achievements and hoped to enhance practical cooperation and friendship between Vietnamese ministries, sectors, and localities with the Chinese province. 

Dung suggested Guangdong and Vietnamese localities increase exchanges of delegations and focus on result-oriented cooperation. 

Ouyang Weimin said Guangdong gives priority to a comprehensive partnership with Vietnamese localities, citing the geographical proximity and large scale markets with high complementarity are decisive factors for greater cooperation between Vietnamese localities and Guangdong. 

Ouyang Weimin expressed his commitment to closely working with Vietnamese agencies and provinces in boosting cooperation in trade and investment, creating favorable conditions for Vietnamese goods and products to penetrate its market. 

With a population of nearly 114 million, Guangdong is the Chinese province having the largest trade turnover with Vietnam. 

In 2018, the bilateral trade turnover reached US$37.16 billion, up 34.2% year-on-year, accounting for 25.1% of Vietnam – China trade turnover. 
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