Chinese enterprises have an advantage when investing in highways and railways in Vietnam

National Assembly Chairman Vuong Dinh Hue spoke at the Forum (Photo: VNA).

Mr. Hue also proposed that the two sides soon implement the Agreement and Protocol on the construction of road bridges across the Red River, the Bat Xat (Vietnam) – Ba Sai (China) border area, and the Memorandum of Understanding on increased Strengthen cooperation in aid for cross-border railway development…

The two sides will soon agree on a plan to connect the railway section between Lao Cai station (Vietnam) and Hekou Bac station (Yunnan, China).

According to the Chairman of the National Assembly, these are important items to promote trade activities between the two sides, creating favorable conditions for the people of Lao Cai and Yunnan provinces in particular and Vietnam and China in particular. jointly promote trade and investment cooperation.

Creating a favorable environment for import, export and investment

Based on the potential and strengths of capital scale, technological level, and management experience, the National Assembly Chairman said that Yunnan businesses have advantages when investing in a number of industries and fields in Vietnam. Vietnam such as: processing industry, manufacturing, high-tech agriculture, green economy, digital economy, transport infrastructure development, highways, high-speed railways, urban railways.

National Assembly Chairman Vuong Dinh Hue and delegates attending the Forum (Photo: VNA).

To further promote existing mechanisms, National Assembly Chairman Vuong Dinh Hue requested relevant agencies to closely follow the actual needs of the people of both sides, creating a favorable economic environment for activities. Import-export and business investment of businesses in the region can enter the international market.

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Mr. Vuong Dinh Hue emphasized that the Vietnamese National Assembly has and will always accompany the entire political system to promulgate many appropriate policies to build a transparent, fair and comprehensive legal framework, creating favorable conditions for investors do business smoothly and successfully in Vietnam.

More than 450 Vietnamese – Chinese businesses attended the Forum (Photo: VNA).

He expected the two sides to work together to concretize new achievements and new connotations of the Vietnam-China comprehensive strategic cooperative partnership, bringing the relationship between the two Parties and the two countries to constantly develop and enter into depth, stability, goodness, sustainability and longevity.

At the Forum, National Assembly Chairman Vuong Dinh Hue and delegates of the two countries witnessed businesses from the two countries handing over memoranda of understanding and cooperation agreements in the fields of aviation; supply chain finance; design and manufacture robot systems and automatic lines applying artificial intelligence to the production and trade of coffee products in China and Vietnam; trade in the fresh flower industry, promoting cooperation and exchanges between the two sides in the field of fresh flowers…

Within the framework of the visit of the Chairman of the National Assembly, Vietnam Airlines signed a memorandum of understanding with Chinese partners with a total value of 438 million USD.

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