China encourages capable businesses to invest in Vietnam

China is willing to expand the import of high-quality goods and agricultural products from Vietnam, encourage capable Chinese enterprises to invest in Vietnam; strengthen infrastructure connectivity, supply chains, and production chains; and improve the quality of economic cooperation in the fields of high technology and digital economy.

Prime Minister Pham Minh Chinh meets with General Secretary and President of China Xi Jinping. Photo: Hai Nguyen

On December 13, at the Government Office, Prime Minister Pham Minh Chinh met with General Secretary and President of China Xi Jinping, according to the Vietnamese Ministry of Foreign Affairs . Prime Minister Pham Minh Chinh emphasized that the state visit to Vietnam by General Secretary and President Xi Jinping and his wife this time demonstrates the importance of the Chinese Party and State to Vietnam, the Vietnam-China relationship and the fine tradition of frequent visits between high-ranking leaders of the two Parties and two countries. General Secretary and President of China Xi Jinping highly appreciated the specific and practical contributions of Prime Minister Pham Minh Chinh to promoting cooperation in all fields between the two countries. Prime Minister Pham Minh Chinh affirmed that the Vietnamese Government will, together with the State Council of China, strengthen coordination and urge all levels, sectors and localities to materialize the achievements and high-level common perceptions. General Secretary and President Xi Jinping emphasized that he will direct the Chinese State Council to closely coordinate with the Vietnamese Government to soon put the important common perceptions reached during this visit into real life.

Prime Minister Pham Minh Chinh and General Secretary and President of China Xi Jinping. Photo: Hai Nguyen

Reviewing the important developments and achievements of substantive cooperation between the two countries in recent times, Prime Minister Pham Minh Chinh outlined six key directions for cooperation, including: One is to strengthen strategic exchanges and close communication at high and all levels. Two is to further promote the important role of the pillar of defense and security cooperation. Three is to improve the effectiveness of substantive cooperation in all fields, suggesting that China continue to expand the import of Vietnamese goods, agricultural and aquatic products, and smoothly deploy smart border gates; Further promote investment in Vietnam, especially to soon have large, typical projects in areas where China has strengths in high technology and green transformation; strengthen connectivity of strategic infrastructure, transport infrastructure, and border gate connectivity; Propose to soon establish a working group to completely resolve obstacles in a number of long-standing backlog projects; Speed ​​up the implementation of non-refundable aid projects, expand financial and monetary cooperation, contribute to promoting investment and facilitating trade activities; study the establishment of a working group on promoting tourism recovery between the two countries. Fourth, increase local and people-to-people exchanges. Fifth, strengthen coordination at multilateral forums. Sixth, request the two sides to control disagreements well and properly handle maritime issues in the spirit of friendship, mutual respect, in accordance with international law, including the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

General Secretary and President Xi Jinping proposed that Vietnam and China strengthen connectivity in infrastructure, supply chains, and production chains. Photo: Hai Nguyen

General Secretary andPresident Xi Jinping suggested that the two sides accelerate strategic connectivity, effectively implement the Cooperation Plan connecting the “Two Corridors, One Belt” framework with the “Belt and Road” initiative, enhance substantive cooperation in various fields, bringing practical benefits to the people of the two countries; highly appreciated the achievements of cooperation in recent times. Regarding the direction of cooperation in the coming time, General Secretary and President of China Xi Jinping proposed a number of focuses: First , jointly support and promote economic and trade recovery, including agricultural trade; China is willing to expand the import of high-quality goods and agricultural products from Vietnam, encourage capable Chinese enterprises to invest in Vietnam; Strengthen infrastructure connectivity, supply chains, production chains; improve the quality of economic cooperation in the fields of high technology and digital economy. Second , strengthen cooperation to maintain security and stabilize social order; Expand cultural and people-to-people exchanges to enhance understanding and closeness between the people of the two countries. Third , strengthen coordination at multilateral forums, jointly promote the building of a fair and open international order. Fourth , strictly implement high-level agreements and common perceptions, properly control and handle disagreements, jointly maintain peace, stability and cooperation in the region and the world .

Laodong.vn