Officers of Coc Nam Customs Department in Lang Son Province, which shares a border with China, perform a check on imported products. — VNA/VNS Photo Hoang Hung Economic and trade relations between Viet Nam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Viet Nam is fast becoming an attractive investment destination for Chinese enterprises. According to the Foreign Investment Agency under the Ministry of Planning and Investment, China invested about US$1.6 billion in Viet Nam in the first fourth months of this year, making it the country’s fourth largest source of foreign investment. Several large projects were funded by Chinese investors in the period including a tire manufacturing project with total registered capital of $280 million in the southern province of Tay Ninh and another tire project of Advance Tire (Vietnam) Co. Ltd with registered capital of $214.4 million in the southern province of Tien Giang. China has been Viet Nam’s biggest trade partner since 2004, and bilateral trade has been continuing its strong growth. China is currently Viet Nam’s second largest export market after the United States. Viet Nam is also China’s largest trading… Read full this story
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