Businesses from the Chinese port city of Tianjin are paying increasing attention to the Vietnamese market, achieving import-export turnover last year of more than US$200 million, more than eleven times higher than in 2001, according to Zhao Jianzhong, head of a delegation from Tianjin.
Tianjin, a port city of over 10 million people southeast of Beijing, is one of only four centrally-administered cities in China. The city¨s delegation of more than fifty enterprises is in Ha Noi to showcase products from Tianjin and participate in the 17th Viet Nam Expo and Trade Fair which kicks off today at Giang Vo Exhibition Centre.
Zhong told a press briefing held yesterday by the Tianjin Chamber of Commerce and the Viet Nam Trade Fair and Advertising Co that nearly 800 businesses from Tianjin have worked with Vietnamese partners and set up eleven representative offices here.
Total investment capital poured into Viet Nam by these enterprises has mounted to more than $5 million and has imported such products from Viet Nam as fruit, timber, coal, rubber and seafood.
Zhong said Tianjin businesses were interested in investing in such sectors in Viet Nam as information technology, garments, pharmaceuticals and manufacturing.
Wu Peng, director of the wholly foreign-invested Fuyuan Garment Co in Hai Duong Province, said his company had seen good results in Viet Nam after three years of production and hailed the Vietnamese investment climate as favourable due to its incentives and cultural similarities with China.
Tianjin is a major Chinese industrial centre and has cultivated IT, petroleum, chemical, automobile, steel, and bioengineering industries. Its enterprises are also in the forefront in developing new energy sources and in environmental protection.