Vice Chairman of the municipal People’s Committee Ho Ky Minh said the seminar aimed to provide Shandong’s businesses with an insight into the city’s investment environment, advantages and potential as well as its development orientations.

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Farmers at a safe farm in Hoa Vang district, Da Nang City. Photo for illustration: Vietnamnews

It was also a chance for enterprises of the two localities to seek partners, especially in the field of hi-tech agriculture, Minh added. 

Wang Jun Min, an official of Shandong, said his province has been taking the lead in China in terms of agricultural production and export. 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 holds a lot of advantages 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 will provide favorable conditions for Shandong enterprises to invest in the city, and that more Vietnamese key agricultural products will 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 USD 22 million from exports to China while importing USD 210 million worth of goods from this country. By the end of March 2017, the city had housed 12 FDI projects invested by Chinese companies with total capital of USD 6.2 million.

Source: VNA