Viet Nam lures Chinese investors

VNECONOMY updated: 08/01/2007

Representatives of more than 430 Chinese businesses and industrial associations in Guangzhou, capital of China’s Guangdong province, took part on Jan.5, in a conference for promoting Chinese investment in Viet Nam. The conference introducing Viet Nam’s investment environment was organized by the Vietnamese Ministry of Investment and Planning in coordination with the country’s consulate general in Guangzhou. Participants at the event were updated about Viet Nam’s investment environment and its preferential policies designed to attract foreign investments. According to Viet Nam’s Consul General to Guangzhou, Vo Thinh, China is Viet Nam’s big market, with two-way trade turnover of US$10 billion in 2006. As of November 2006, China had 402 investment projects in Viet Nam, making up a combined registered capital of US$825 million.

Source: Vietnam Agency