Meeting with Vietnamese and Jilin Province enterprises, China

On the afternoon of November 18, at the headquarters of the Vietnam Chamber of Commerce and Industry (VCCI), Vice Chairman Hoang Quang Phong had a meeting and worked with a delegation of Jilin Province enterprises led by Ms. Duong An De, Vice President of Jilin Province.

The Vice Chairman of VCCI commented that currently, the demand and potential for cooperation between Vietnam and China is very large, especially in areas where the two sides share many benefits and are important in the economic development strategies of the two sides.

Vice Chairman Hoang Quang Phong emphasized that there is still a lot of potential to exploit and further strengthen trade and investment exchanges between Vietnam and Chinese localities, including Jilin Province, a province with strong development in the fields of agriculture, pharmaceuticals and a number of other industries.

To enhance cooperation between the business communities of the two countries, the Vice Chairman of VCCI suggested that the two sides should continue to promote dialogue and information sharing to create more cooperation opportunities for Vietnamese enterprises and Jilin province.

VCCI Vice Chairman Hoang Quang Phong spoke at the meeting with the business delegation of Jilin Province.

In addition, the VCCI Vice Chairman called on corporations and enterprises in Jilin Province to actively participate in the Vietnamese market, implementing high-quality investment projects in areas that Vietnam is very interested in such as: finance, investment, technology, innovation, human resource development, infrastructure construction, green development, etc., as well as increasing the import of goods with strengths from Vietnam.

Previously, VCCI and CCPIT of Jilin Province and the Department of Commerce of Jilin Province signed a cooperation agreement, but the VCCI Vice Chairman said that cooperation activities between the two sides were still limited. Therefore, the two sides need to increase regular support and information exchange to further promote cooperation between VCCI and Jilin Province, thereby supporting businesses of both sides to cooperate and develop together.

"VCCI is committed to acting as a bridge and effective link between Vietnamese and Chinese industry associations and enterprises in the coming period, further enhancing the close connection between the two countries," affirmed the Vice Chairman of VCCI.

Ms. Duong An De, Vice President of Jilin Province, presented a souvenir to VCCI Vice Chairman Hoang Quang Phong

Listening to the proposals from the VCCI Vice President, Ms. Duong An De - Vice President of Jilin Province commented that in recent years, Jilin Province has attached great importance to economic and trade exchanges with ASEAN countries; in which, economic and trade cooperation with Vietnam has become increasingly close.

In particular, Ms. Duong said that the fields proposed by the VCCI Vice Chairman to prioritize investment are also the strengths of Jilin Province enterprises. Specifically, Jilin has strengths in industries such as automobile manufacturing, petrochemicals, medical equipment, food processing, of which the automobile industry has an output of 1.55 million vehicles in 2023, ranking 8th out of 31 provinces and cities in China.

Jilin is also a large province in food production, accounting for 4% of cultivated land and producing 10% of China's total food products, with major agricultural products such as corn, soybeans, rice, etc. Jilin's large enterprises all have experience and strengths in applying high technology to green and clean agricultural production.

In recent years, Jilin province has focused on implementing trade cooperation with Vietnam; Jilin province's enterprises and businessmen have continuously expanded their investment in Vietnam. However, Ms. Duong said that through the visit and work at VCCI, the cooperative relationship between Vietnamese enterprises and Jilin province will become increasingly deeper, thereby raising the level of economic and trade cooperation between Vietnam and Jilin province.

The Vice Presidnet of Jilin province also suggested that in the coming time, VCCI should strengthen coordination with trade associations and business associations of the province to build mutual information exchange programs, as well as organize business delegations to explore the market and expand bilateral investment. Ms. Duong said that Jilin province always welcomes and creates favorable conditions for Vietnamese enterprises to invest in the province with the best environment.

Leaders of VCCI and leaders of Jilin province (China) took souvenir photos with businesses from both sides.

In recent years, the multifaceted cooperation between Vietnam and China has developed strongly and steadily. Currently, China is the second largest export market and the largest import market of Vietnam.

With many advantages in economic and trade cooperation, over the years, trade exchange between Vietnam and China has maintained a stable and sustainable growth momentum.

Most of the imported goods from China include: machinery, equipment, tools, spare parts and raw materials for production. In contrast, Vietnam mainly exports to China items such as: computers, electronic products and components, mobile phones and components, machinery, equipment, spare parts, agricultural products, etc.

Cam Anh (Business Forum Magazine)