|Deputy Prime Minister Trinh Dinh Dung (R) and Chinese Ambassador to Vietnam Xiong Bo (Photo: VGP)
China currently ranks seventh among countries and territories having direct investment in Vietnam with with more than 2,800 investment projects.
However, these results have yet to meet the aspirations and potential of the two nations, he said.
He underlined the need for the two countries to continue carrying out effectively agreements and common perceptions and maintain exchanges at all levels, especially among senior officials, while stepping up cooperation across a variety of fields, especially economy, trade and investment.
Dung urged the two sides to work together to deal with outstanding problems in some projects, adding that the two sides should implement new projects on a par with China’s level of development and technology, thereby helping deepen the bilateral comprehensive strategic cooperative partnership.
For his part, the Chinese ambassador conveyed the best regards of Chinese Party and State leaders to their Vietnamese counterparts on the occasion of the traditional New Year and the 70th anniversary of Vietnam-China diplomatic ties.
He congratulated Vietnam on its tremendous socio-economic achievements in 2019, and showed his elation at the sound relations in various fields, especially economy, trade and investment.
Two-way trade was estimated to stand at US$116.8 billion in 2019, a year-on-year surge of 9.5%, he said, noting that one third of which was the value of Vietnamese farm produce exported to China.
He agreed with the goal of developing the bilateral trade in a healthy, balanced and sustainable manner, saying that China is incessantly bolstering imports from Vietnam, particularly agricultural products, and the bilateral cooperation in transportation and infrastructure development has obtained important outcomes.
Chinese leaders are highly interested in the construction of Cat Linh-Ha Dong urban railway and have urged the Chinese general contractor to hold in-depth discussions with Vietnamese relevant agencies to dealing with existing obstacles to put the project into operation soon.
Deputy PM Trinh Dinh Dung said he has ordered the Ministry of Transport and relevant agencies to work with the Chinese general contractor to handle outstanding problems so as to bring the project into operation with perfect safety.