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Macau keen to help Vietnam expand trade ties
The Chief Executive of the Macau Special Administrative Region, Edmund Ho Hau Wah, said that Macau is willing to help Vietnam discover new economic and trade ties with Portuguese speaking countries around the world.
Ho Hau Wah stated this during his talks with Prime Minister Nguyen Tan Dung in Macau on April 21.
He warmly welcomed PM Dung on his first visit to Macau, describing it as an important event and a milestone on the road to friendly and mutually beneficial cooperation between the region and Vietnam.
Vietnamese PM Nguyen Tan Dung (R) speaks at the Vietnam-Macau Business Forum in Macau on April 21
PM Dung spoke highly of Macau’s economic performance and pledged to work to promote friendship and cooperation between both parties in the future.
At the talks, both leaders confirmed they would enhance their collaboration during the current global financial crisis.
They reached an understanding regarding measures to boost exchanges and contact between administrative, legislative and judicial agencies as well as mass organizations at all levels.
They also agreed to broaden bilateral cooperation in the fields of trade, investment, tourism, education and labor and create the best possible conditions for businesspeople from Macau and Vietnam to work together to seek out investment opportunities.
The Vietnamese PM invited the Macau Special Administrative Region chief to visit Vietnam.
Earlier in the day, PM Dung attended the Vietnam-Macau Business Forum which was jointly organized by the Vietnam Chamber of Commerce and Industry and the Macau Committee for Trade and Investment Promotion.
PM Dung said that he regarded Macau as one of China’s fastest developing economic zones, which acts as a bridge for the mainland’s trade and investment with other countries, including Vietnam.
However, he said that the two way trade value of 35 million USD between Vietnam-Macau in 2008 and Macau’s eight investment projects worth a total 32 million USD in Vietnam remains far from both sides’ full potential.
The Vietnamese PM called on the Vietnamese and Macau business community to step up cooperation, particularly in trade, investment and tourism, to bring more practical benefits to both sides and confirmed that he would provide investors from Macau with the right incentives to do business in Vietnam.
He also told Macau investors that the Vietnamese Government regards tourism as its spearhead economy for a fast and sustainable development, so the country has encouraged both local and foreign investors to invest money in this sector.
Following the forum, the Vietnamese leader received the representatives of a number of large commercial groups in Macau.
Later on in the day, PM Dung and his delegation left Macau, wrapping up a busy trip during which he attended the Boao Forum for Asia, toured China’s Guangdong province, and made an official visit to the Hong Kong Special Administrative Region.
Source: Vietnam News Agency
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