Vice Chairman of the municipal People’s Committee Ho Ky Minh said the seminar aimed to provide Shandong businesses with an insight into the city’s investment environment, assets and potential, as well as its development plans.
It was also a chance for enterprises in the two localities to seek partners, especially in the field of hi-tech agriculture, Minh added.
Wang Junmin, an official from Shandong, said his province had been taking the lead in China in terms of agricultural production and exports. It has been ranking first in terms of agricultural export revenue for 17 consecutive years, making up one-fourth of China’s total farm produce export earnings.
As Shandong has a lot of assets in agriculture and machinery manufacturing, it will encourage Vietnamese firms, including those from Da Nang, to invest in these areas.
Wang hoped that Da Nang would provide favourable conditions for Shandong enterprises to invest in the city, and that more key Vietnamese agricultural products would be exported to Shandong and vice versa.
Shandong Province also wants to cooperate with Da Nang in the industry and service sectors, he added.
In 2016, Da Nang earned US$22 million from exports to China while importing US$210 million worth of goods from this country. By the end of March 2017, the city had housed 12 FDI projects invested in by Chinese companies with a total capital of US$6.2 million.
