Minister talks enhancement of economic, trade ties with China’s Yunnan province
WVR/VNA - Minister of Industry and Trade Nguyen Hong Dien discussed measures to promote economic and trade ties between Vietnam and China’s Yunnan province, while meeting with Secretary of the Yunnan Party Committee Wang Ning in Hanoi on March 28, 2023.
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| Minister of Industry and Trade Nguyen Hong Dien and Secretary of the Yunnan Party Committee Wang Ning. (Photo: MOIT) |
Minister Dien said Yunnan province holds an important role in economic and trade ties as it has a large market and diverse goods demand while serving as a crucial gateway for Vietnamese products to enter the southwest of China.
However, trade between Vietnam and Yunnan remains modest, accounting for less than 5% of the Vietnam - China trade, which hasn’t fully reflected the cooperation potential and demand of both sides or met expectations leaders from of the two countries, he went on.
Proposing measures for fostering economic and trade links, the host official suggested Yunnan facilitate customs clearance at its border gates with Vietnam and the export of Vietnam’s fishery products to China. He also suggested to connect businesses and help them participate in fairs and exhibitions, properly carry out the memorandum of understanding between the Ministry of Industry and Trade (MOIT) and the Yunnan Administration, and sign an action plan on the MoU implementation for 2023 - 2026.
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| Minister talks enhancement of economic, trade ties with China’s Yunnan province: The meeting between officials of the Ministry of Industry and Trade and China's Yunnan province in Hanoi on March 28, 2023. (Source: MOIT) |
The Minister asked the Chinese province to quickly and completely resume activities of border gates and crossings with Vietnam, and create conditions for Vietnamese truck drivers when handling customs clearance procedures. He also asked to consider measures for cutting down logistics costs, and upgrade infrastructure serving the import of fishery products from Vietnam so as to help meet Chinese consumers’ demand and turn these products into a new growth engine of bilateral trade.
For his part, Secretary Wang noted he has assigned agencies, sectors, and border localities of his province to consider reopening more border gates and crossings, extend operation times, upgrade customs clearance infrastructure at border gates, and consider permitting Vietnamese drivers to stay in Yunnan overnight pending customs clearance.
He said Vietnamese fishery products are attractive to consumers in not only Yunnan but also other southwestern localities of China, adding that Yunnan is a large province so logistics costs are also high accordingly, but it will devise solutions to this issue.
Secretary Wang also called for stronger tourism and investment partnerships as both sides hold cooperation potential in these fields.
At the meeting, the two sides also looked into concrete measures for implementing the common perceptions between Vietnamese and Chinese leaders and for creating breakthroughs in economic and trade connections.
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| The Industry and Trade Department of Vietnam’s Bac Giang province signed an MoU on economic and trade cooperation enhancement with the Yunnan Commerce Department. (Photo: MOIT) |
The Industry and Trade Department of Vietnam’s Bac Giang province also signed an MoU on economic and trade cooperation enhancement with the Yunnan Commerce Department.
(Source: WVR/VNA)
