Vietnam PM to Attend ASEAN-China Trade, Investment Summit
Vietnamese Prime Minister Nguyen Tan Dung will attend the ASEAN-China Trade and Investment Fair and Summit in Nanninh city, Guangxi province from October 27-29, at the invitation of the Chinese government, the Ministry of Foreign Affairs said October 23.
This is the first Dung’s trip to China as prime minister to the Guangxi Chuang autonomous Region and Yunnan province, but not to Beijing to boost bilateral trade and investment ties.
The trade between China and ASEAN in the first seven months rose 27.5 per cent to US$109.7 billion and is estimated to reach US$190 billion for the full-year target, recently said China’s Vice Commerce Minister.
The Chinese leader added that as both sides continue to lower tariffs, and China’s exports to ASEAN surged 34 per cent to US$51 billion between January and July while imports grew 22.4 per cent to US$58.77 billion.
In 2008, the two-way trade is expected to surpass the target of US$200 billion of 2010 when ASEAN-China Free Trade Area (ACFTA) takes effect.
Vietnam is predicted to see both business potentials and challenges as it is pursuing to join the ACFTA.
Vietnam is still considering a list of products in the ASEAN-China block. (Local sources, Website of CPV)
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