Vietnam's Ministry of Industry and Trade promotes comprehensive economic and trade cooperation between Vietnam and Hainan province, China

From April 9-11, during a working visit to Hainan province, China, the Ministry of Industry and Trade delegation led by Minister Nguyen Hong Dien had a series of trade, investment and promotion activities. economic cooperation between Vietnam and China.

At the invitation of the Secretary of the Hainan Provincial Party Committee, China, the Minister of Industry and Trade led a delegation to visit and work in Hainan province, attending and speaking at the Opening Ceremony of the China International Consumer Goods Fair. China (Hainan Expo 2023); Opening of the Vietnam Pavilion at the Fair; met and discussed with Chinese Minister of Commerce Wang Wentao; met and held talks with Secretary of the Hainan Provincial Party Committee Phung Phi and leaders of Hainan province, China; chaired the Conference on trade promotion, investment and business connection between Vietnam and China (Hainan). Participating in the working group, in addition to representatives of some units of the Ministry of Industry and Trade, there are also leaders of Ben Tre Provincial People's Committee and representatives of some departments and branches of the province.

The Chinese Ministry of Commerce is interested in and supports the establishment of Trade Promotion Offices in Hainan and Chengdu

At the Opening Ceremony of the 3rd China International Consumer Goods Fair - Hainan Expo 2023, Minister Nguyen Hong Dien gave an important speech, highly appreciating the significance of the Fair, emphasizing cooperative partnerships. Comprehensive strategic cooperation between Vietnam and China has achieved good development, bringing practical benefits to both sides, in which economic and trade cooperation is constantly developing deeply and widely.

The Minister highly appreciated the role and position of Hainan in the overall economic and trade cooperation between Vietnam and China, because this is a locality with a geographical location very close to Vietnam and approved by the Government. China plans and builds the "World's Largest Free Trade Port" and is expected to officially become a Bonded Zone ("Phong Quan") before 2025 with many special preferential policies. The Minister expressed hope that in the near future Hainan will play a very important role in economic and trade relations between Vietnam - China and China - ASEAN.

Also within the framework of the Opening Ceremony, the Minister had a meeting and discussion with Chinese Minister of Commerce Vuong Van Dao about creating conditions for the two sides to enhance bilateral trade according to the common perception of the Leaders. High-level leaders of the two Parties, two States and at the phone call on April 4, 2023 between the two Prime Ministers.

Minister Nguyen Hong Dien said that the Ministry of Industry and Trade of Vietnam attaches great importance to the economic and trade cooperation relationship with China, asking Minister Vuong Van Dao to pay attention and support the Ministry of Industry and Trade of Vietnam to establish a Promotion Office. trade in Hainan and Chengdu, in order to create a bridge for business activities of the two countries' business communities, creating favorable conditions for import and export of goods through border gates, respectfully inviting Minister Vuong Van Dao visited Vietnam on a suitable occasion.

Responding to Minister Nguyen Hong Dien's suggestions, Chinese Minister of Commerce Vuong Van Dao expressed high support for the need for the two ministries to coordinate closely to promote bilateral trade; affirmed the interest and support of the Ministry of Commerce of China for the establishment of Trade Promotion Offices in Hainan and Chengdu. The Minister also affirmed that he will arrange to come to Vietnam in an appropriate time.

After the official opening ceremony of the fair, on the afternoon of April 10, 2023, the Opening Ceremony of the Vietnam Pavilion at the Fair took place. Attending and cutting the ribbon to open the Vietnam Pavilion were Minister of Industry and Trade Nguyen Hong Dien, Vice Chairman of Hainan Provincial People's Council Luu Tinh Thai, Chairman of Ben Tre Province Tran Van Tam and a large number of leadership representatives. agencies and businesses of the two countries.

Attending the display of goods at the Vietnam Pavilion and trade programs at the Fair, the Vietnamese business delegation has the largest scale ever with 30 Vietnamese enterprises in various fields of Vietnamese products. has export strengths such as agricultural products, processed foods and consumer goods. Some famous Vietnamese brands promoted and introduced at the Fair received great attention from customers such as: Ben Tre coconut products, Minh Long ceramics, Trung Nguyen coffee, Sao Thai food Positive…

Promote economic and trade cooperation between Vietnamese localities and Hainan province, China

In the early afternoon of April 10, 2023, the Minister of Industry and Trade had a meeting with the new Secretary of the Hainan Provincial Party Committee Phung Phi and leaders of the Hainan Provincial Party Committee and government to discuss measures to promote economic development. economic and trade cooperation system between Vietnamese localities and Hainan province, China.

At the talks, Minister Nguyen Hong Dien proposed that the Provincial Party Committee and the People's Government of Hainan province strengthen coordination in implementing the common awareness of senior leaders of the two Parties and States on the occasion of the visit of the President. Secretary of the Communist Party of Vietnam Nguyen Phu Trong visited China in October 2022 and at the phone call between the two Prime Ministers on April 4, 2023.

Specifically, the Minister requested the Hainan side: (i) urgently discuss with relevant ministries and branches of the Chinese side to promote the completion of procedures for establishing the Vietnam Trade Promotion Office in Haikou in soonest; (ii) promote market opening for Vietnamese agricultural products and cooperation in the field of agricultural processing; (iii) share information about Hainan's preferential investment and trade policies; (iv) promote trade promotion cooperation; (v) soon sign a memorandum of understanding on strengthening economic and trade cooperation between the Ministry of Industry and Trade and the Hainan Provincial Government; (vi) actively organize group exchange activities, visits to learn from each other about economic development experiences.

Regarding promoting the expansion of Vietnam's agricultural imports, the Minister emphasized that Vietnam is a country with advantages in fruit production, including coconuts. However, fresh coconuts and many other strong fruits of Vietnam have not been officially opened to the Chinese market. Meanwhile, Hai Nam has high import demand for fresh coconuts, so it is recommended that Hai Nam actively promote market opening for Vietnamese agricultural products and fruits, including fresh coconuts. Within the framework of the talks, the Chairman of Ben Tre Provincial People's Committee also introduced the potential and strengths of Ben Tre province in the field of coconut production and processing.

Regarding cooperation to support businesses, the Minister proposed that Hai Nam province create favorable conditions for businesses to participate in each other's exhibitions and fairs, support and give incentives to Vietnamese businesses to rent bonded warehouses for sales. e-commerce products at the Hainan E-commerce Pilot Zone to take advantage of China's incentives for e-commerce...

Speaking at the talks, Hainan Secretary Phung Phi highly appreciated this visit of Minister Nguyen Hong Dien, which is the first visit of a Central Committee member and Minister of Vietnam to visit and work. working with Hainan province since the 13th Congress of the Communist Party of Vietnam and after the Covid-19 epidemic was controlled. Regarding a number of recommendations of the Ministry of Industry and Trade, Secretary Phung Phi expressed his positive support, including promoting the establishment of the Vietnam Trade Promotion Office in Haikou, quickly unifying and Signing a Memorandum of Cooperation between the Ministry of Industry and Trade and the People's Government of Hainan Province, China, accelerating the progress of negotiations to open the market for Vietnamese agricultural and aquatic products, especially Special emphasis was placed on fresh coconuts, promoting exchanges between delegations of the two sides.

Also on the afternoon of April 10, 2023, Minister Nguyen Hong Dien and comrade Phung Phi chaired the Conference on investment trade promotion and trade connection between Vietnam and China (Hai Nam). At the Conference, over 120 Vietnamese and Chinese businesses conducted trade sessions to promote trade promotion and exchange practical and effective business cooperation opportunities.

The visit achieved many practical results, the two sides reached important consensuses on expanding and deepening economic and trade cooperation between Vietnam and Hainan province of China.

This is the first working delegation of the Ministry of Industry and Trade with the participation of a large number of Vietnamese businesses to visit China immediately after the pandemic to support the business communities of the two countries in finding and taking full advantage of opportunities after Vietnam. South and China have defeated the Covid-19 pandemic, and at the same time learned about preferential policies in economic and trade development that are currently an advantage of Hainan province to enhance connection, trade and cooperation. investment and business, contributing to the increasingly stable, balanced and sustainable development of Vietnam-China trade relations.

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