Strengthening Trade and Investment Promotion between Vietnam and Guangxi (China)

Receiving Chu Mat, Deputy Director of Guangxi Department of Commerce, Consulate General Đó Nam TrungpTrung that the Department continue to closely coordinate and strengthen the exchange of effective measures with the Vietnamese side.
April 30, 2022 | 09:18

On April 28, at the headquarter of the Consulate General of Vietnam in Nanning, Consul General Do Nam Trung received Chu Mat, Deputy Director of Guangxi Department of Commerce.

At the meeting, the two sides discuss measures to strengthen economic, trade and investment cooperation and improve efficiency and efficiency of customs clearance at border gates.

Vietnam China
Consul General Do Nam Trung (right) received Mr. Chu Mat, Deputy Director of Guangxi Department of Commerce. Photo: VNT

Consul General Do Nam Trung affirmed that China has continuously been Vietnam's largest trading partner for many years and second largest export market. Meanwhile, Vietnam continues to be China's largest trading partner in ASEAN and China's sixth largest trading partner in the world.

Guangxi is also one of China's localities with the highest trade turnover with Vietnam. In 2021, despite being affected by the epidemic, the total trade turnover between Guangxi and Vietnam will still reach 200.39 billion yuan (about US $31.3 billion), an increase of 13.7%.

The bilateral trade turnover between Vietnam and China has recently grown strongly despite the Covid-19 epidemic and the difficulties and obstacles such as disease control between the two countries, the world economy, Vietnam's production chain faced many difficulties, the decreased consumption demand of the Chinese market.

Such result was achieved thanks to the advantages of traditional trade relations, as well as the advantages of traditional trade relations, the efforts of ministries, branches and localities to remove difficulties in trade activities between the two countries especially at border gates with Guangxi.

Consul General proposed that the Guangxi Department of Commerce continue to closely coordinate and strengthen the exchange of effective measures with the Vietnamese side to ensure cooperation in disease prevention in the border, further contribute to the socio-economic development of each side in the context of the epidemic.

In response, Chu Mat affirmed that Vietnamese and Chinese leaders from the central government to ministries, branches and localities have regularly discussed measures to relieve congestion and restore normal customs clearance at border gates.

Hence, at the Guangxi province, e Guangxi Department of Commerce, the agency in charge of maintaining trade development, has worked closely with the Vietnamese side to overcome difficulties caused by the epidemic.

"We hope that the two sides will well implement the common perception achieved over the past time, coordinate closely, ensure the strict implementation of epidemic prevention and control measures, maintain smooth trade, and bring practical benefits to the people. businesses on both sides," said Chu Mat.

At the meeting, the two sides also discussed Vietnam's investment policy, priority areas for Vietnam to attract investment, and Guangxi businesses wishing to enter, measures for businesses in Guangxi can consider invest and do business in Vietnam in the near future.

Previously, at April 27, Consul General Do Nam Trung received the mayor of Pingxiang city (Guangxi) Vu Hieu Huy in Nanning to discuss customs clearance efficiency at border gates.

Mayor Vu Hieu Huy affirmed that Pingxiang will continue to closely coordinate with departments and branches of Lang Son province in Vietnam to ensure smooth border trade, step by step improve customs clearance efficiency, and bring practical benefits for the people of the two sides.

Vietnam China
Consul General of Vietnam in Nanning Do Nam Trung spoke at the event.
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