Vietnamese and Chinese businesses sign 16 pairs of cooperation agreements worth 330 million USD

At the conference introducing import-export mechanisms and policies combined with trade between Vietnamese and Chinese enterprises, as part of the series of events of the 25th Vietnam-China International Trade Fair (held in Lao Cai); 16 pairs of cooperation agreements with a total value of 330 million USD were signed between Vietnamese and Chinese enterprises.

The two businesses signed a cooperation agreement.

At the conference, representatives of the Department of Industry and Trade of Lao Cai province (Vietnam) and the Department of Commerce of Honghe Province (Yunnan province, China) introduced the potential, strengths and import-export policies and investment attraction of each side.

Trade relations between Vietnam and China have been growing steadily and in-depth. Vietnam has been ASEAN's largest trade partner with China for many years, and two-way trade turnover between Vietnam and China has maintained impressive growth momentum, from 32 million USD in 1991 to 205.2 billion USD in 2024.

Conference scene.

Authorities and localities of Lao Cai and Yunnan provinces have continuously strengthened coordination and implemented many measures to promote exchange and cooperation in all aspects.

Speaking at the conference, the leader of the Department of Industry and Trade of Lao Cai province affirmed that the province is always consistent with the policy of creating a transparent and favorable legal environment, always considering China as a leading important trade and investment partner.

The province pays special attention and has preferential policies in attracting investment, developing logistics infrastructure and bonded warehouses; actively supporting businesses to participate in cross-border e-commerce trends, connecting with major e-commerce platforms on both sides.

Leaders of the Department of Industry and Trade of Lao Cai province spoke.

Lao Cai province commits to always creating favorable conditions for businesses of both sides in investing, cooperating, promoting trade, import and export between the two countries.

Introducing new import-export mechanisms and policies, a representative of the Chau Hong Ha Trade Department said that the locality is implementing cross-border logistics reform and reforming the China-Vietnam cross-border road transport model to promote import and export of goods.

Delegates and businesses from both sides attended the conference.

Chau Hong Ha always strives to expand import-export policies, offering incentive mechanisms for capital sources and support services to attract foreign investors to invest, develop and share benefits, creating a dual driving force for trade and investment.

At the conference, representatives of businesses from both sides introduced their potential, strengths, products and proposed a number of investment incentive mechanisms and cooperation in cross-border value chains; creating favorable conditions for supporting infrastructure connections, logistics, warehouses, and smart border gates to shorten the time and cost of customs clearance of goods, etc.

The conference also witnessed the signing of 16 pairs of cooperation agreements between Vietnamese and Chinese enterprises, with a total contract value of about 330 million USD.

CONG HAI - TAM THOI

Source: https://nhandan.vn/doanh-nghiep-viet-nam-trung-quoc-ky-16-cap-thoa-thuan-hop-tac-tri-gia-330-trieu-usd-post924778.html