Deputy Director of Department of Industry and Trade – Duong Van Hoang Hoanh speaks at the conference
Currently, Long An has over 11,000 operating enterprises with a total registered capital of nearly VND 273,000 billion and 576/988 projects with FDI capital which are operating (accounting for 60.9%). In which, Chinese enterprises have 179 projects, with an investment capital of US$ 263 million, ranked second in number of projects and 8th in foreign investment in Long An. Over the past year, trade cooperation relations between enterprises of Long An province and Chinese enterprises have been increasingly developing; as shown by the increasing import-export turnover between Long An province and China; specifically, the total import-export turnover in 2018 between Long An and China was US$ 604 million, of which, export reached US$ 190 million.
A number of products extracted from horseradish plant is displayed at the conference
At the conference, local enterprises and Chinese enterprises discussed together to increase the link of goods consumption between domestic enterprises and distribution enterprises as well as solutions to remove difficulties to supply and consume goods and services.
Speaking at the conference, Deputy Director of Department of Industry and Trade – Duong Van Hoang Hoanh hoped that the trade cooperation between Chinese enterprises and Long An enterprises would achieve good results, comply with the laws of the two countries, thereby creating conditions for people of the two countries to have good access to high-quality goods and competitive prices. At the same time, Long An province was committed to supporting investors and enterprises when investing, manufacturing and doing business in the province; the authorities at all levels would always pay much attention in the direction, administration, creating an open business environment and healthy completion./.
Reported by Mai Huong
Translated by Lan Vy