Free Trade Area Opportunities mutual between China and Vietnam

The free trade area between China and ASEAN is about to be finalized. Between China and Vietnam, 90% of the products will no longer have to customs fees. The enterprises of both countries are preparing their strategies to adapt to this new economic environment.

A major new industrial park will host the final power over 200 companies, and offer more than 150 000 job opportunities. In order to develop this park, a company of Shijiazhuang province in eastern China, has invested over 100 million U.S. dollars. Its leaders are confident about the future of the park.

Weng Mingzhao

Chairman of the Board and the project proponent

"We are confident. Next to the park, we will soon have completed construction of the first real Parkway Vietnam. It will only take 30 minutes to get to Ho Chi Min City. The free trade area is the best business opportunity for us. "

Seize this opportunity and grow is of vital importance to the Chinese and Vietnamese companies.

China Construction, publicly traded company in China, is the largest Chinese construction company to invest in Vietnam. She is currently seeking funding for his companies in Vietnam and be listed in this country is also one of their goals.

Vietnam imports most of its products in China. The increase in trade associated with lower tariffs is the object of much attention.

The Vietnam Motor Industry Cooperation is the largest automaker in Vietnam. It provides about 40% of buses and delivery vehicles in the country. The 2 / 3 of the elements of their engines from China.

Ruan Wenke

Chairman of the Board of Directors

Vietnam Motor Industry Cooperation

"The establishment of the free trade area helps us to keep the same level as some international companies. We are considering the establishment of cooperation with China to benefit from technology and Chinese capital. This will allow us to increase our presence in the domestic market. "

The free trade area is also an opportunity to increase exports. A shoe manufacturer admits that as their raw material comes from China, the establishment of free trade area will have the effect of lowering their costs of import and export. This will allow them to make their prices more competitive in order to explore the Chinese market.