Vietnamese, Chinese localities look to boost investment cooperation
Vice chairman of the northern province of Cao Bang Nguyen Trung Thao has suggested companies from the locality and the city of Baise in Guangxi Autonomous Region of China prioritise capital to potential sectors such as logistics, processing-manufacturing, and high technology.
During a working session between the localities on April 2, he also called for promoting ties in agriculture, education, health, tourism, trade and services as well as supporting the economic development in the border areas.
For his part, Li Yucheng, vice mayor of Baise administration, said the city has the potential for border economic development and a close relationship with Cao Bang province, saying this is a condition for the two sides to further develop their trade relations.
Cao Bang is considered an important gateway for investment from the Chinese city to Vietnam and also the Association of Southeast Asian Nations (ASEAN), he noted.
The official said he expects Cao Bang province to promote market expansion, adding that the city commits to offering incentives for Cao Bang enterprises.
On the occasion, representatives of the Cao Bang Economic Zone Management Board and the Baise Department of Commerce held talks, during which they exchanged ideas on measures to boost trade and improve the business environment at the border gates.
Cao Bang currently has six border gates with China.