Beijing (VNA) – The Vietnamese Government always welcomes and commits tocreating conditions for foreign businesses, including those from China’sChongqing city, to land investment in high-tech projects in the country, saidVietnamese Ambassador to China Dang Minh Khoi.

At a seminar on May 8 held by the Vietnamese Embassy in China, the Ministry ofIndustry and Trade of Vietnam in collaboration with Chongqing authorities, AmbassadorKhoi noticed that the investors should pay more attention to protecting theenvironment while working to ensure labourers’ benefits and social welfare inthe host nation.

Vietnam is accelerating industrialisation and modernisation and shaking up theeconomy in coupled with renovating growth model, he said, adding that the countryis giving priority to the development of high-tech industries, greentechnologies, clean energy, organic agriculture and digital economy, amongothers.

He expressed his hope that China will open door for the products which are ofVietnam’s strengths and China’s demand like farm produce, pork and dairyproducts.

Creatingfavourable conditions for Vietnamese products in the custom clearanceprocedures is an important move to bring two-way trade into a more balancedmanner, he said.

Meanwhile, Deputy Minister of Industry and Trade Tran Quoc Khanh highlightedthat Vietnam and China hold huge potential to bolster logistics cooperation.

Vietnam’s logistics service has enjoyed strong growth with annual expansion of20-25 percent and according to the World Bank’s rankings, Vietnam is 64th outof 160 countries in the world and 4th in ASEAN after Singapore, Malaysia andThailand in logistics development.

The 1,400 kilometre freight train service between Hanoi and Chongqing will openopportunities for both sides to collaborate in the logistics sector, he said,adding that it is an effective channel to transport goods, including tropicalfruit, farm produce and seafood, between Vietnam and China’s localities.

For his part, deputy mayor of Chongqing city Liu Guiping said that multi-modeltransportation, cross-border road transport and international railways arethree main types of transportation, which help connecting Chongqing and China’swestern localities with Vietnam and other ASEAN nations.

He wished that enterprises from both nations will work to promote cooperationin the field.

At the seminar, Vietnam Logistics Business Association and the trade office ofChongqing city inked an agreement on enhancing logistics cooperation.Enterprises from both sides signed their agreements and specific cooperationprogrammes in the coming time.

In addition, more than 200 firms met to seek linkages in economy, trade andlogistics on this occasion.-VNA