In Vietnam, motorcycles are one of the primary means of transportation, and many of them are labeled "Made in Chongqing".
Chongqing - following the example of the Guangxi Zhuang autonomous region – encourages local companies to invest in Vietnam, increasing Sino-ASEAN foreign trade and cooperation.
When he met a Vietnamese delegation in late September, Chongqing Mayor Huang Qifan said that he hopes trade between Chongqing and Vietnam will increase.
At the meeting, Huang also encouraged Chongqing's developed businesses, such as motorcycle and automobile companies, to invest and set up factories in Vietnam.
The Chongqing Foreign Trade & Economic Relations Commission released an overseas investment regulation in September that encourages local companies to invest in neighboring countries.
"It is a strategic plan in Chongqing to prioritize investing in neighboring countries, such as Vietnam," said Song Gang, director of the department of Outward Investment Administration of Commission. He added that Chongqing's products, such as motorcycles, are in high demand in neighboring countries. These countries also have resourceful and inexpensive human capital.
Song said that Chongqing is a city with a diverse range of enterprises, including large State-owned companies with developed reputations and products, and small and medium-sized enterprises. All can find opportunities in neighboring countries, he said.
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