China-Vietnam trade volume looks forward to 25.0b US$

Liang Wentao, official from the Ministry of Commerce, said on 30 that the construction of China-ASEAN Free Zone has actually facilitated the progress of bilateral trade and investment between <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />China and Vietnam, when attending the forum on China-Vietnam investment and business. In the first half of the year, trade volume of the two sides climbed at level of 12.82 billion dollars, up 49.5 percent year on year, expecting to realize the aim of 25.0 billion dollars within the year. Meanwhile, China has invested Vietnam in 0.73 billion dollars counted by the end of June, with an additional loans at about 1.3 billion dollars. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

During the forum, Laing therefore gives advices on China-Vietnam business relation in three aspects of the follows: 1) advocating Vietnam’s import to China and strengthening investment on Vietnam’s infrastructure construction from China’s producers; 2) improving co-op platform to enhance the project of cross-border economic zone; 3) to push ahead the process of joint-venture projects, especially in the construction of road and bridge, harbor, as well as the co-op projects like electronic and machinery products, chemical and energetic projects, etc; 4) strengthening partnership of the two countries under the framework of China-ASEAN and the Great Mekong Subregion economic cooperation.