A record US$2.5 billion worth of business contracts were reportedly signed between Vietnamese and Chinese entrepreneurs at the Vietnam-China Business Forum in Beijing on Friday. They included two credit agreements, one between the Electricity of Vietnam Group and the China Export Import Bank on providing purchaser's export credit to the Hai Phong thermopower 2 project, and the other between Vietnam's giant shipping corporation Vinalines and the China Development Bank on financing the Ben Dinh-Sao Mai project. They also included an agreement between An Phu Corp. and China Merchant Group to develop a $1-billion An Phu Hung urban complex in Ho Chi Minh City, and an agreement between Vietnam's Van Chan Hydropower Co. and a Chinese power group to build a $600-million thermopower plant in Vietnam. Among the others are a $400 million deal to build a highway linking Halong, Mong Cai and Quang Ninh, and a $33 million deal to build the Du Long Industrial Park in Vietnam's central Ninh Thuan … [Read more...] about Vietnam, China business forum yields $2.5 billion in deals
Us china business
Kitchen sink joins list of US-China trade disputes
US trade authorities on Thursday announced an investigation into yet another Chinese export product, this time the veritable kitchen sink. The US Commerce Department said it is examining whether China is selling steel sinks below fair value and if Chinese sink manufacturers are getting unfair subsidies. Trade disputes between China and the United States are legion. The two economic powers have already sparred over the import and export of solar panels to tires to chickens. Now that list includes "imports of drawn stainless steel sinks" -- or kitchen sinks. The business -- while a fraction of the US-China's half a trillion dollar a year trade -- is not something to let slip down the drain. Chinese sink exports to the United States were worth $118 million in 2011, nearly double the level seen in 2009, according to official figures. The Elkay Manufacturing Company of Illinois had requested the investigation. In a statement earlier this month, Elkay claimed Chinese sinks were … [Read more...] about Kitchen sink joins list of US-China trade disputes
Enhancing Vietnam – China Business Cooperation
At the VCCI Head Office in Hanoi, Dr Vu Tien Loc, President of the Vietnam Chamber of Commerce and Industry (VCCI), hosted a reception meeting with Mr Gan Lin, Vice Governor of the People's Government of Sichuan Province, China. On this occasion, the guest invited Dr Loc and Vietnamese business delegations to attend the 14th Western China International Fair (WCIF). Vice Governor Gan said WCIF has been an important annual trade fair in Chengdu City, Sichuan Province since 2000 to service western China development strategy. The 14th Western China International Fair is scheduled to take place from October 23 to 27, 2013 on an exhibition campus covering 180,000 square metres. This event will be also incorporated with many other important gatherings like the 6th Western China International Cooperation Forum, the 6th Interpretation Conference for Western China Investment, the 8th China - Europe Trade and Investment Forum, and the 4th Western China International Financial Forum. The … [Read more...] about Enhancing Vietnam – China Business Cooperation
Recession reopens US-China rift
The global recession is re-exposing fissures in US-China relations that Treasury Secretary Henry Paulson spent more than two years smoothing over. Henry Paulson, US treasury secretary, speaks at a news conference following the fifth China-US Strategic Economic Dialogue (SED) in Beijing, China, on Dec. 5, 2008. … [Read more...] about Recession reopens US-China rift
The US-China trade dispute and the opportunities and challenges for Vietnam
Will the US-China trade dispute, if it happens, bring the opportunities to Vietnam to penetrate the US market, or become a threat to Vietnam’s economic development? The US Department of Commerce has declared the new high tax rates on the solar cell imports from China. The decision, in the eyes of observers, would ignite a trade dispute between the two powers. The conflicts which cannot be reconciled On May 18, 2012, the US Department of Commerce announced the decision to impose the tax rates of 31-250 percent on the solar cells imported from China. Prior to that, on March 20, 2012, the US imposed the tax rates of 2.9-4.9 percent on solar cells and accessories from China. The new tax rates would have direct big impacts on a series of Chinese manufacturers. 61 Chinese companies would bear the tax rate of 31 percent, others 250 percent. China has voiced its protest against the US’ decision, describing this as a form of “trade protection.” The tension between … [Read more...] about The US-China trade dispute and the opportunities and challenges for Vietnam