China in the Asia-Pacific Region
China playing active role in developing friendly co-operation in Asia-Pacific.
China is playing an active role in multi-lateral co-operation in the Asia-Pacific region and the World.
As friendly neighbors, Vietnam and China should constantly strengthen mutual trust and further develop mutually beneficial co-operation in various fields, a senior economist said.
Over the years, Asia-Pacific regional economic integration and various co-operation mechanisms have made remarkable achievements.
The Asia-Pacific countries, including Vietnam and China, should work together through more effective cooperation to achieve regional peace, stability, development and prosperity, Bui Kien Thanh, a senior economist in Vietnam and Chairman of Bukita Capital Management Company, said in a recent interview.
“Asia-Pacific region has more than 67% of the World’s population. If we can develop good co-operation within the region, we can develop co-operation around the World. However, only with peace and stability can we achieve common prosperity through cooperation,” Thanh said.
Commenting on the economic development of China and its impact on the neighboring countries including Vietnam, the economist said since the China-ASEAN Free Trade Area was implemented, trade between China and ASEAN has grown very fast, and benefited the whole ASEAN region.
Trade between China and Vietnam has increased almost 12 times since Y 2000 to billions of USDs for both sides. China has become Vietnam’s largest trade partner. The 2 way trade volume reached US$30-B in Y 2010, he said.
“But there’s always a trade deficit for Vietnam,” the economist said, “so we need to do something to find out what China can buy from Vietnam, and why the Vietnamese exporters have not learned to sell more to China. I think the Vietnamese exporters should do a better job in exploring the Chinese market, including organizing to sell to China rather than waiting for the Chinese buyers to come. And also more Chinese companies should come here to set up factories to process Vietnamese products, so that they can export finish products from Vietnam. In this regard, the China-Vietnam Joint Committee on Economic and Trade Cooperation should play a more active role in promoting trade between the two countries.”
Referring to the positive effects of China’s participation in multi-lateral co-operation mechanisms, including the Shanghai Cooperation Organization and Greater Mekong Subregion (GMS) Cooperation, Thanh said the Shanghai Cooperation Organization is a very good initiative to build relationship between the Nations in the region for developing bi-lateral and multi-lateral relations, promoting regional economic development and maintaining peace and stability, especially after countries like India, Iran, Mongolia, and Pakistan being examples.
The economist said Vietnam has not yet been very positively involved in the GMS Cooperation. “The GMS Cooperation has contributed a great deal to the Northern countries in the region, such as Thailand, Myanmar and Laos.
Vietnam, in the southern Mekong region, should sit together with China to study the impacts of this co-operation in the future. Both sides need to boost co-operation on water distribution and management, including fish farming, agriculture and electric power,” he suggested.
Thanh said of all the countries in the region, Vietnam is the closest to China, both in geography and in culture.
The co-operation between Vietnam and China has great potential in many areas, not only in economy, but also among the people. “For instance, although Chinese tourists top the foreign visitors in Vietnam, the number is far from enough. I think the Vietnamese government should make more efforts to attract Chinese tourists,” he said.
To maintain close co-operation, both sides need to further increase mutual trust under the guidance of “16-word motto” and “4-good spirit”, constantly consolidate and develop the traditional friendly relations between the 2 countries, and promote mutually beneficial co-operation, in the current context of complicated International political and economic situation, he added.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
Find out more about HCM Managed Funds
For More Information Contact
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Email : info@heffcap.com
Bangkok
Suite 53 Athenee Tower
63 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Email : info@heffcap.com
New York
347 5th Avenue, Suite 1402-508 NY, NY 10016
Email : info@heffcap.com
China is playing an active role in multi-lateral co-operation in the Asia-Pacific region and the World.
As friendly neighbors, Vietnam and China should constantly strengthen mutual trust and further develop mutually beneficial co-operation in various fields, a senior economist said.
Over the years, Asia-Pacific regional economic integration and various co-operation mechanisms have made remarkable achievements.
The Asia-Pacific countries, including Vietnam and China, should work together through more effective cooperation to achieve regional peace, stability, development and prosperity, Bui Kien Thanh, a senior economist in Vietnam and Chairman of Bukita Capital Management Company, said in a recent interview.
“Asia-Pacific region has more than 67% of the World’s population. If we can develop good co-operation within the region, we can develop co-operation around the World. However, only with peace and stability can we achieve common prosperity through cooperation,” Thanh said.
Commenting on the economic development of China and its impact on the neighboring countries including Vietnam, the economist said since the China-ASEAN Free Trade Area was implemented, trade between China and ASEAN has grown very fast, and benefited the whole ASEAN region.
Trade between China and Vietnam has increased almost 12 times since Y 2000 to billions of USDs for both sides. China has become Vietnam’s largest trade partner. The 2 way trade volume reached US$30-B in Y 2010, he said.
“But there’s always a trade deficit for Vietnam,” the economist said, “so we need to do something to find out what China can buy from Vietnam, and why the Vietnamese exporters have not learned to sell more to China. I think the Vietnamese exporters should do a better job in exploring the Chinese market, including organizing to sell to China rather than waiting for the Chinese buyers to come. And also more Chinese companies should come here to set up factories to process Vietnamese products, so that they can export finish products from Vietnam. In this regard, the China-Vietnam Joint Committee on Economic and Trade Cooperation should play a more active role in promoting trade between the two countries.”
Referring to the positive effects of China’s participation in multi-lateral co-operation mechanisms, including the Shanghai Cooperation Organization and Greater Mekong Subregion (GMS) Cooperation, Thanh said the Shanghai Cooperation Organization is a very good initiative to build relationship between the Nations in the region for developing bi-lateral and multi-lateral relations, promoting regional economic development and maintaining peace and stability, especially after countries like India, Iran, Mongolia, and Pakistan being examples.
The economist said Vietnam has not yet been very positively involved in the GMS Cooperation. “The GMS Cooperation has contributed a great deal to the Northern countries in the region, such as Thailand, Myanmar and Laos.
Vietnam, in the southern Mekong region, should sit together with China to study the impacts of this co-operation in the future. Both sides need to boost co-operation on water distribution and management, including fish farming, agriculture and electric power,” he suggested.
Thanh said of all the countries in the region, Vietnam is the closest to China, both in geography and in culture.
The co-operation between Vietnam and China has great potential in many areas, not only in economy, but also among the people. “For instance, although Chinese tourists top the foreign visitors in Vietnam, the number is far from enough. I think the Vietnamese government should make more efforts to attract Chinese tourists,” he said.
To maintain close co-operation, both sides need to further increase mutual trust under the guidance of “16-word motto” and “4-good spirit”, constantly consolidate and develop the traditional friendly relations between the 2 countries, and promote mutually beneficial co-operation, in the current context of complicated International political and economic situation, he added.
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
Find out more about HCM Managed Funds
For More Information Contact
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Email : info@heffcap.com
Bangkok
Suite 53 Athenee Tower
63 Wireless Road,
Lumpini, Pathumwan,
Bangkok 10330 THAILAND
Email : info@heffcap.com
New York
347 5th Avenue, Suite 1402-508 NY, NY 10016
Email : info@heffcap.com
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