Huawei, ZTE Have Investment in Vietnam

4/15/2014 7:37:49 AM

GUNAGDONG, Apr 15, 2014 (Menafn – SinoCast Daily Business Beat via COMTEX) –News from an economic and trade cooperation conference held for Guangdong in Vietnam said that there are 22 Shenzhen companies setting up branches in the nation, with total investment reaching USD 420 million, including ZTE, Huawei and Han’s Laser Technology Co., Ltd.

In 2013, bilateral trade value between Shenzhen and Vietnam totaled USD 4.053 billion. Vietnam is the biggest investment destination for Guangdong in the ASEAN, fourth biggest trade partner, with foreign trade increasing 29.6% per year in recent five years. Guangdong will continue enlarging imports of mineral resources, agricultural products, electromechanical products and consumer electronic products from Vietnam.

Source: (April 15, 2014)