The Vietnamese Party and State will create the best conditions for the business circles of the two countries to establish and expand cooperation with the aim of strengthening bilateral relations, said State President Nguyen Minh Triet.
Addressing the Vietnam-China Business Forum in Beijing on May 18, Mr Triet briefed participants on the results of the high-level talks between the two countries’ top leaders on May 17, who were determined to raise bilateral trade value to US$15 billion by 2010 from US$10 billion at present. He noted that China had invested in more than 400 projects in Vietnam with a total registered capital of over US$800 million.
“The two countries have great potential for expanding business cooperation, particularly in mineral exploitation,” said Mr Triet.
He called on the business circles of the two countries to work out specific cooperation mechanisms.
Shortly after that, Vietnamese businesses and their Chinese partners signed economic deals hitting a record high of more than US$2.5 billion.
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