2023 is the 10th anniversary of the "Belt and Road" initiative, and in the past ten years, Tongxiang enterprises have actively "gone out" to expand the market, seek cooperation and promote development, and have closer investment, cooperation and trade relations with the "Belt and Road". Taking Vietnam as an example, in 2023, Tongxiang's investment and trade with Vietnam will present three new characteristics.   First, investment in Vietnam has become a new hot spot. Since the beginning of this year, there have been 5 investment projects in Vietnam by enterprises in our city, with a total investment of 170 million US dollars, setting a new high for investment in Vietnam in the past years. Among them, Xinao invested 153 million US dollars to build an annual output of 50,000 spindles of high-grade ecological yarn textile dyeing and finishing project, which is the city's largest overseas production project in Vietnam so far.

Second, the proportion of exports to Vietnam is significant. From January to October, the city's exports to Vietnam were 1.26 billion yuan, accounting for 3.3% of the city's total exports, Vietnam is currently China's sixth largest export market, and it is also one of the main export markets of our city in the "Belt and Road" countries and regions. The main export commodities to Vietnam are home textiles, metal products, and chemical fibers.    Third, there are many trade entities with Vietnam. From January to October, there were 198 enterprises in the city that had trade contacts with Vietnam, of which 184 enterprises had export performance to Vietnam, accounting for 18.9% of the city's export enterprises. Typical enterprises include Longxiang Economic and Trade (exports of 100 million yuan to Vietnam), Deruite Home Textiles (exports of 87.576 million yuan to Vietnam) and so on.