Vietnam, China businesses sign big deals on sidelines of President’s visit

VOV.VN - Vietnamese and Chinese businesses have signed trade and investment deals potentially worth billions of US dollars on the sidelines of President Vietnam President Tran Dai Quang’s state visit, reports Vnexpress.

vietnam, china businesses sign big deals on sidelines of president’s visit hinh 0
Vinamilk, the largest producer of dairy products in Vietnam, has signed a memorandum of understanding with a Chinese stakeholder, said Vnexpress, although the underlying details are understandably sparse.

Even though such a memorandum is not a formal contract and is non-binding on any of the signatories, it shows that the parties are serious about negotiating a legally binding complex and high dollar agreement.

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