The Vietnamese government will create all favorable conditions for Chinese investors to do business in the country, aiming to develop the bilateral trade and investment cooperation for both countries' benefit, said Vietnamese Prime Minister Nguyen Tan Dung.

"We will give priorities to Chinese investors," Dung said while meeting with Vice Chairman of the All-China Federation of Industry and Commerce Quan Zhezhu here Monday.

Vietnam, which regards China as a good, strategic and comprehensive partner, will do its utmost to beef up the all-round cooperation, especially in the fields of economy, trade and investment, with the neighbor country for the common development and benefit, Dung noted.

Vietnam is opening a visa-granting office in Shanghai to facilitate Chinese investors and tourists to Vietnam, and accelerate construction and upgrade of railways, roads and air routes to China, serving the bilateral economic and trade cooperation, he said.

The two countries' cooperation potentials are great, he said, adding that China has recorded rapid economic growth and advanced scientific and technological development levels, while Vietnam, with annual gross domestic product (GDP) growth of 7.5-8 percent in recent years and a population of 85 million, is a big market with stable political and social situations.

Quan said China and Vietnam should foster their comprehensive cooperation, especially in the fields of economy and trade.

Chinese enterprises want to make greater and more practical contributions to Vietnam's economy, he added.

Vietnam and China, with a two-way trade volume of roughly 10 billion U.S. dollars in 2006 according to the Chinese statistics, have targeted the figure of 15 billion dollars in 2010.

Source: Xinhua