Prime Minister Pham Minh Chinh starts trip for CAEXPO, CABIS in China
|Prime Minister Pham Minh Chinh departs for CAEXPO, CABIS in China.|
Prime Minister Pham Minh Chinh hand his entourage arrived at Nanning airport on September 16 morning, starting his participation in the 20th China-ASEAN Expo (CAEXPO) and China-ASEAN Business and Investment Summit (CABIS) in Nanning city, Guangxi province of China, from September 16-17, at the invitation of the Chinese Government.
During his two-day stay there, Chinh is scheduled to deliver a speech at the opening of the events, visit Vietnam’s area and pavilions, and take part in official activities, meet leaders of the host country and of participating countries, and receive top enterprises of China and ASEAN.
With his participation in the event, Vietnam sends out its clear and consistent message on the foreign policy worked out at the 13th National Party Congress of attaching importance to the relations with China, wishing to strengthen the political trust and multifaceted cooperation, and pushing the economic cooperation and trade, thus making bilateral relations develop in a healthy, stable, substantial and effective way in the time to come.
PM Chinh hopes ASEAN and China are not only each other’s largest economic cooperation and trade partners but also one of each other’s most important comprehensive strategic partners for peace, cooperation and development. He also proposes that ASEAN and China closely coordinate to turn the region into a focus of economic growth, among others.
Especially, the PM asks China to broaden its market, raise its quota for transit goods, and accelerate the opening of its door for aqua-agricultural products and fruits from the ASEAN countries, transited through Vietnam, to enter the Chinese market.
Co-hosted annually by China and ASEAN, CAEXPO and CABIS are among China's top 10 exhibitions. In the previous 19 editions of the expo, Vietnam always sent a Government leader to the event and had the largest number of booths and exhibitors among ASEAN countries.
The 20th CAEXPO and CABIS this year has the theme of "Building a harmonious homeland, a common destiny to the future - promoting high-quality development of Belt and Road Initiative (BRI) and building an economic growth centre".
The two events are part of a series of events to celebrate 20 years of China-ASEAN strategic partnership. The Vietnamese delegation participating in the expo is the largest in ASEAN, with 250 booths covering an area of 5,000 sq.m.
The bilateral trade between Vietnam and China hit 175.56 billion USD last year. In the first eight months of this year, the figure reached 105.5 billion USD while Chinese investments in Vietnam neared 1.3 billion USD with 399 projects, making China the second largest foreign direct investor in Vietnam.
As of August 20, 2023, China maintained its position as the sixth largest investor among 143 countries and territories investing in Vietnam, with 3,949 valid projects with a total registered capital of over 25.8 billion USD. China has been the leading source of tourists to Vietnam for several years, with more than 557,000 Chinese arrivals in the first half.
PM Chinh’s attendance at the CAEXPO and CABIS demonstrates the importance both countries place on the bilateral friendly relations, the ASEAN-China cooperation, and the relationship between Vietnamese localities and Guangxi province in China. It reflects a high level of political trust, a spirit of "comradeship and fraternity", and underlines Vietnam’s foreign policy directions set forth at the 13th National Party Congress.