Vietnamese Minister of Industry and Commerce Nguyen Hong Dien held talks with Chinese Minister of Commerce Wang Wentao on June 28, on the sidelines of Prime Minister Pham Minh Chinh’s official visit to China and his attendance at the XIV Annual Meeting of the New Champions of the World Economic Forum (WEF), from June 25 to 28.
Minister Dien appreciated the Chinese Ministry of Commerce’s close coordination with Vietnam to promptly address problems arising in economic and trade ties.
He suggested to Minister Wang that he push for the expansion of Vietnam-China bilateral trade and inter-town trade in both countries to introduce more Vietnamese products into the Chinese market.
Dien also called on the Chinese side to improve the efficiency of customs clearance at border posts, help speed up the establishment of the Vietnam Trade Promotion Office in Haikou this year, and facilitate the transit of Vietnamese exports through the Chinese railway. towards third countries.
Highlighting the importance of the Memorandum of Understanding (MoU) on cooperation to secure the Vietnam-China supply chain between the Vietnamese Ministry of Industry and Commerce (MoIT) and the Chinese Ministry of Commerce, Minister Dien said both sides should build a plan of action to make the MoU a reality. This includes building a logistics network connecting the supply chains of both countries, from raw material regions and industrial parks to production facilities, ports and distribution centers. The plan should also include the creation of distribution and logistics centers in the production and consumption areas of both countries.
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In accordance with Dien’s proposals, Wang pledged to assign relevant units to work with the MoIT in developing cooperation on the above-mentioned aspects.
He also referred to matters of interest to China such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Regional Comprehensive Economic Association (RCEP), the update of the ASEAN-China Free Trade Agreement (ACFTA) and greater collaboration in electronic commerce. He also suggested that Vietnam support Chinese investment in the country.
Minister Dien appreciated the Chinese Ministry of Commerce’s close coordination with Vietnam to promptly address problems arising in economic and trade ties.
In response, Dien vowed to collaborate with China on multilateral affairs and help renowned Chinese companies invest in high-tech and environmentally friendly sectors.
Both parties also agreed to discuss cooperation in the multilateral framework to boost the economic and trade development of the two countries.
For this reason, the Vietnamese minister invited Minister Wang to visit Vietnam to further deepen comprehensive bilateral collaboration between the respective agencies. Wang promised to arrange the visit at the appropriate time.
Article republished from the Vietnamese state media VNA in the framework of an agreement between both parties to share content. Link to the original article: https://en.vietnamplus.vn/vietnamese-chinese-trade-ministers-hold-talks/255417.vnp
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