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Hainan FTP promoted in Vietnam with 19 joint projects signed

On February 21, a Hainan Free Trade Port Promotion Conference was held in Ho Chi Minh City, Vietnam.

At the Hainan FTP promotion conference held in Ho Chi Minh City on February 21, 35 Chinese and Vietnamese enterprises signed off on 19 cooperation projects.

HAIKOU, CHINA – From February 20 to 23, a delegation from south China’s Hainan Province conducted economic and cultural exchanges in Vietnam primarily aimed at promoting the policies of the Hainan Free Trade Port (FTP) and boosting multilateral cooperation in transportation, tourism, education, tropical agriculture, and other key industries.

At the Hainan FTP promotion conference held in Ho Chi Minh City on February 21, 35 Chinese and Vietnamese enterprises signed off on 19 cooperation projects. The projects covered the purchase of goods, including coffee beans, coconut milk, dried fruits and vegetables, metals, automobiles, rubber, and steel, as well as bilateral tourism and factory investments. The total value of import and export and foreign investment projects reached RMB 3.4 billion (USD 493 million).

“The Hainan FTP currently has the highest level of openness in the world, and it is a new highland for China’s opening up to the outside world. This conference will promote the Sino-Vietnamese economic and trade cooperation and drive stronger and more stable development to benefit our nations’ peoples,” said Wei Huaxiang, Consul General of China in Ho Chi Minh City.

Hainan United Airlines signed an agreement with Vietnam Bamboo Airways to jointly promote the opening of direct flights between Hainan and Vietnam, adding transportation to the list of cooperation areas between the two places. “In the future, Hainan United Airlines will open more direct flights between Hainan and ASEAN countries to boost cooperation,” said Ding Jiabin, chairman of Hainan United Airlines.

Hainan and Vietnam, which face each other across the Beibu Gulf, are closely-linked neighbors and have a long history of cooperation. In 2022, the import and export volume of goods trade between Hainan and Vietnam increased by 60% compared with 2021.

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