HCM City, China’s Qingdao seek to boost economic ties

A trade dialogue meeting between Ho Chi Minh City and China’s Qingdao city was held on September 8.

Speaking at the dialogue, Vice Chairman of the HCM City People’s Committee Le Thanh Liem said that attracting resources from international businesses and investors, including those from China, is very important to Ho Chi Minh City as the city has been making efforts to bring its development to a new level.

He highlighted the event as a platform for the two sides update their respective market information as well as share experience and seek partners for future cooperation.

On his part, Mayor of the Qingdao municipal people’s government Zhang Xinqi said he hopes enterprises from HCM City in particular and Vietnam in general to boost activities discovering market and seek business opportunities in Qingdao.

He said Qingdao will create favorable conditions for its enterprises to trade with and invest in HCM City.

In the first eight months, China invested in nearly 30 projects in Ho Chi Minh City with a combined capital of 7.3 million USD.

Ho Chi Minh City exported goods worth 3.1 billion USD to China in the January-August period, up 29 percent, and imported 4.5 billion USD, an increase of 9.2 percent.

Source: VNA