VCCI Vice President Nguyen Quang Vinh (MBA) presents a commemorative gift to Mr. Gu Chunting, Vice President of the China Council for the Promotion of International Trade (CCPIT) Shanghai.

At the meeting, VCCI Vice President Nguyen Quang Vinh spoke highly of the positive momentum in economic and trade relations between Vietnam and China. Bilateral trade turnover has continued to increase over the years, reaching USD 216.14 billion.

In this context, the VCCI Vice President emphasized the need for both sides to continue promoting solutions to expand Vietnam's exports to the Chinese market, thereby gradually improving the trade balance.

The VCCI Vice President also highly appreciated the cooperation between VCCI and the Chinese Embassy, as well as Chinese agencies, organizations and business associations in Hanoi, Ho Chi Minh City, Hai Phong and Lao Cai, which has helped businesses seek partners and expand their markets.

According to Mr. Gu Chunting, an increasing number of Chinese businesses are showing interest in business and investment opportunities in Vietnam. Accordingly, the CCPIT Shanghai Vice President proposed that VCCI continue sharing information on potential partners and market developments to strengthen business connections and promote two-way investment flows.

Looking ahead, Mr. Gu Chunting affirmed that CCPIT Shanghai would facilitate delegations of Vietnamese businesses in introducing Vietnam's investment environment, business opportunities and cooperation potential to the Chinese business community.

VCCI Vice President Nguyen Quang Vinh and CCPIT Shanghai Vice President Gu Chunting discuss enhancing Vietnamese businesses' participation in the China International Import Expo, held annually in Shanghai.

Mr. Gu Chunting expressed his hope that VCCI would organize a large-scale Vietnamese business delegation to participate in the China International Import Expo (CIIE), thereby creating more opportunities to showcase products, seek partners, promote transactions and sign contracts in the Chinese market.

In addition to trade and investment, both sides agreed to strengthen cooperation in training, trade promotion, investment promotion and experience sharing. Digital transformation and artificial intelligence (AI) were identified as areas with considerable potential for cooperation.

VCCI Vice President Nguyen Quang Vinh and the VCCI delegation pose for a commemorative photo with Mr. Gu Chunting, Vice President of CCPIT Shanghai, and representatives of the CCPIT Shanghai delegation.

VCCI Vice President Nguyen Quang Vinh proposed that CCPIT Shanghai support training, share experience and provide AI application solutions for Vietnamese small and medium-sized enterprises (SMEs).

According to the VCCI Vice President, practical experience in AI applications among Chinese businesses could serve as a valuable reference for Vietnamese enterprises, helping them improve productivity, optimize operations and strengthen their competitiveness.

In particular, the VCCI Vice President emphasized the need to innovate approaches and improve the quality of trade promotion by accelerating the application of cross-border e-commerce and digital platforms to facilitate 24/7 business connections.

The VCCI Vice President also proposed that CCPIT Shanghai strengthen its support for Vietnamese businesses in proactively participating more deeply in the raw material and manufacturing supply chains of industrial and high-tech corporations in Shanghai. VCCI is expected to organize a business delegation to Shanghai next year to further expand connections and cooperation between the two business communities.