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Official: 'Three dockings' to promote joint development of China and Vietnam
By Fan Junmei in Nanning
The 2009 Pan-Beibu Gulf Economic Cooperation Forum opened on August 6, 2009, Nanning, Guangxi.
Hu Suojin, Economic Counselor of the Chinese Embassy in Vietnam, has told media that the "three dockings" approach would substantially promote joint development of the China and Vietnam. He made the comment during a break of the 2009 Pan-Beibu Gulf Economic Cooperation Forum, which began this morning in Nanning, Guangxi.
Hu enthusiastically shared his ideas on the common development of the close neighbors, which is also an essential element in cooperation between China and ASEAN.
Hu said in promoting cooperation between China and Vietnam, and realizing a win-win result, the best way was through the "three dockings" [i.e. close links] approach: that is, docking in the transportation network, mainly referring to railways and ports; docking among various industries, like tourism, shipping, power supply, equipment manufacturing, and processing industry; and docking in terms of urban development on both sides of the border. So far, Vietnam has adopted preferential policies for further development of its three major cities, while Guangxi is promoting four cities, namely Fangchenggang, Beihai, Nanning and Qinzhou.
Hu, now aged 47, has been involved in Vietnamese affairs since his 20s. He said all these years he has been concerned about the rapid development of Guangxi, which not only benefits Guangxi people, but also promotes a good image of China. He said his Vietnamese friends were all surprised to see the great changes taking place in Guangxi and were very happy about it.
Hu Suojin, Economic Counselor of Chinese Embassy to Vietnam, answers questions during an interview.
According to Hu, the current cooperation between China and Vietnam is of an all-round, wide-ranging nature. Both sides have cooperated in areas like labor services, trade, investment, project-contracting and mutual-aid programs, and have achieved tremendous progress in the past few years.
Bilateral trade between China and Vietnam reached US$19.65 billion by the end of 2008. According to Vietnamese government data, China has established about 850 investment projects in its neighbor with contracted capital reaching US$2.4 billion. As China's second largest project market in ASEAN after Indonesia, Vietnam has absorbed about US$3.1 billion from China so far. As for labor services cooperation, there are more than 15,000 Chinese working in Vietnam, making contribution to the economic growth of that country and helping promote sound progress in China-Vietnam relations.
Hu also said that special attention should be given to the main overland economic artery between China and ASEAN, namely the Nanning-Singapore Economic Corridor (N-S Economic Corridor) which will cover China, Vietnam, Laos, Thailand, Malaysia and Singapore.
Undoubtedly the Nanning-Vietnam section would play an essential role in the joint development of China and Vietnam, because it can link industry clusters together, and promote a trans-regional and transnational flow of resources and factors of production, thus accelerating economic recovery from recession. So far, the railway between Nanning and Hanoi has been put into operation.
In order to strengthen the comprehensive cooperation with ASEAN, China has promised to set up a US$10 billion China-ASEAN Investment Cooperation Fund for major projects such as those involving infrastructure, energy, and will provide US$15 billion loans to ASEAN in the next 3-5 years to speed up ASEAN integration and regional cooperation.
"Even though ASEAN countries are quite interested in these plans, some, like Thailand and Vietnam, are not so clear about the policy and procedure related to the loan," noted Hu. "China's proposals have provided a good opportunity for Vietnam which is ambitious to turn the country into a modern industrial nation by 2010, because such preferential loans will facilitate its infrastructure investment and construction, and promote the commercial cooperation between the two parties."
"We need to make our detailed policies known not only to the government, but also to common citizens, telling them clearly that Pan-Beibu Gulf Cooperation is feasible and practical," he said. He suggested the training of a professional public relations team to promote the Pan-Beibu Gulf Economic Cooperation mechanism.
The 2009 Pan-Beibu Gulf Economic Cooperation Forum was opened August 6, with a theme of "Co-construction of a new China-ASEAN Growth Pole - Expanding Cooperation and Turning Crisis into Opportunities."
(China.org.cn August 7, 2009)
By Fan Junmei in Nanning
The 2009 Pan-Beibu Gulf Economic Cooperation Forum opened on August 6, 2009, Nanning, Guangxi.
Hu Suojin, Economic Counselor of the Chinese Embassy in Vietnam, has told media that the "three dockings" approach would substantially promote joint development of the China and Vietnam. He made the comment during a break of the 2009 Pan-Beibu Gulf Economic Cooperation Forum, which began this morning in Nanning, Guangxi.
Hu enthusiastically shared his ideas on the common development of the close neighbors, which is also an essential element in cooperation between China and ASEAN.
Hu said in promoting cooperation between China and Vietnam, and realizing a win-win result, the best way was through the "three dockings" [i.e. close links] approach: that is, docking in the transportation network, mainly referring to railways and ports; docking among various industries, like tourism, shipping, power supply, equipment manufacturing, and processing industry; and docking in terms of urban development on both sides of the border. So far, Vietnam has adopted preferential policies for further development of its three major cities, while Guangxi is promoting four cities, namely Fangchenggang, Beihai, Nanning and Qinzhou.
Hu, now aged 47, has been involved in Vietnamese affairs since his 20s. He said all these years he has been concerned about the rapid development of Guangxi, which not only benefits Guangxi people, but also promotes a good image of China. He said his Vietnamese friends were all surprised to see the great changes taking place in Guangxi and were very happy about it.
Hu Suojin, Economic Counselor of Chinese Embassy to Vietnam, answers questions during an interview.
According to Hu, the current cooperation between China and Vietnam is of an all-round, wide-ranging nature. Both sides have cooperated in areas like labor services, trade, investment, project-contracting and mutual-aid programs, and have achieved tremendous progress in the past few years.
Bilateral trade between China and Vietnam reached US$19.65 billion by the end of 2008. According to Vietnamese government data, China has established about 850 investment projects in its neighbor with contracted capital reaching US$2.4 billion. As China's second largest project market in ASEAN after Indonesia, Vietnam has absorbed about US$3.1 billion from China so far. As for labor services cooperation, there are more than 15,000 Chinese working in Vietnam, making contribution to the economic growth of that country and helping promote sound progress in China-Vietnam relations.
Hu also said that special attention should be given to the main overland economic artery between China and ASEAN, namely the Nanning-Singapore Economic Corridor (N-S Economic Corridor) which will cover China, Vietnam, Laos, Thailand, Malaysia and Singapore.
Undoubtedly the Nanning-Vietnam section would play an essential role in the joint development of China and Vietnam, because it can link industry clusters together, and promote a trans-regional and transnational flow of resources and factors of production, thus accelerating economic recovery from recession. So far, the railway between Nanning and Hanoi has been put into operation.
In order to strengthen the comprehensive cooperation with ASEAN, China has promised to set up a US$10 billion China-ASEAN Investment Cooperation Fund for major projects such as those involving infrastructure, energy, and will provide US$15 billion loans to ASEAN in the next 3-5 years to speed up ASEAN integration and regional cooperation.
"Even though ASEAN countries are quite interested in these plans, some, like Thailand and Vietnam, are not so clear about the policy and procedure related to the loan," noted Hu. "China's proposals have provided a good opportunity for Vietnam which is ambitious to turn the country into a modern industrial nation by 2010, because such preferential loans will facilitate its infrastructure investment and construction, and promote the commercial cooperation between the two parties."
"We need to make our detailed policies known not only to the government, but also to common citizens, telling them clearly that Pan-Beibu Gulf Cooperation is feasible and practical," he said. He suggested the training of a professional public relations team to promote the Pan-Beibu Gulf Economic Cooperation mechanism.
The 2009 Pan-Beibu Gulf Economic Cooperation Forum was opened August 6, with a theme of "Co-construction of a new China-ASEAN Growth Pole - Expanding Cooperation and Turning Crisis into Opportunities."
(China.org.cn August 7, 2009)
