HANOI - Vietnamese
industries are attracting attention from Chinese
enterprises looking to engage in joint ventures with its
Southeast Asian neighbor.
"Chinese enterprises
are especially willing to establish joint ventures with
Vietnamese paper and fertilizer industries," Zhang
Xiaolan, vice president of the Trade Promotion
Association based in Shandong province, said at seminar
on Vietnam-Shandong trade promotion in Hanoi last week.
Chinese enterprises, he said, would supply
Vietnamese producers with pulp materials, additives and
advanced equipment and technology according to their
requirements.
The seminar was held by the
Ministry of Trade's Trade Promotion Agency and received
many Vietnamese enterprises as well as more than 40
enterprises from Shandong province involved in 30
various industries.
Xiaolan told the seminar
that electrical and chemical products, raw medical and
building materials, light industrial products,
handicraft products, and textiles and garments were also
among the required industries.
Qiu Hengxu,
director of the Shicheng External Trade Department, said
Chinese enterprises were prepared to immediately carry
out investment projects in Vietnam.
One company
has already suggested the instalment of a carton
production line, capable of producing 12 million square
meters a year, and the construction of a modern-equipped
workshop to manufacture nylon bags, luggage trunks and
color packing.
Representatives of the Yang
Guangfei Company said they came to Vietnam in the hope
of finding a partner for the construction of a
fertilizer plant.
Some other Chinese companies
expressed their desire to supply materials to Vietnamese
companies to produce organic fertilizers for the Chinese
market.
Last Thursday, more than 40 enterprises
from China's Yunnan province made a working visit to
seek business contracts in Ho Chi Minh City.
During the visit, they discussed investment
opportunities with nearly 100 Vietnamese enterprises in
the areas of science and technology, chemistry, native
products, building materials and textiles.
Yunnan guests said they could import many
products from Vietnam, including minerals, rubber,
seafood, vegetable oil, and products processed from
rubber, cashew, cassava and rice.
Vietnam
imports fertilizer, cement, steel rods, agricultural
machinery and electrical appliances from Yunnan.
(Asia Pulse/VNA)
Dec 22, 2004
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