Fair facilitates trade co-operation between Viet Nam and China

Tuesday, Aug 27, 2019 08:50

Workers at Hau Giang Food Co stack bags of rice for exports. Chinese enterprises will seek to import rice from Viet Nam during the upcoming China (Guangdong)- Viet Nam Import and Export Fair in Ha Noi. — VNA/VNS Photo

Up to 260 businesses from Viet Nam and China will take part in the 2019 China (Guangdong)- Viet Nam Import and Export Fair, slated to be held at the Ha Noi International Centre for Exhibition in the capital city from Wednesday to Friday.

The fair aims to facilitate the trade and investment co-operation among Vietnamese enterprises and those from China’s Guangdong Province, Hong Kong and Macao, the event’s organiser said, adding that it will be a good chance for Vietnamese enterprises to explore new markets, expand their export networks and introduce their products to the world.

The event – the first ever of its kind in Viet Nam – will showcase machinery, electric equipment, electronics, LED and lighting technology, construction materials and furniture in addition, hi-tech products and accessories as well as garment, consumer goods and food into around 300 booths, the Viet Nam National Trade Fair and Advertising Company (Vinexad) said in a statement.

A business conference will also be held featuring representatives from the two countries’ ministries and more than 100 Guangdong companies currently operating in Viet Nam.

More than 3,000 potential buyers will also join a business matching programme intended to open up new opportunities.

Economic and trade relations between Viet Nam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover, experts have said.

Two-way trade reached US$106.7 billion in 2018, up 14 per cent year-on-year, statistics from the General Department of Viet Nam Customs revealed.

The trade experienced a yearly rise of 12 per cent to $52.36 billion in the first half of this year, helping China retain its position as Viet Nam’s leading trade partner.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, China invested more than $2.28 billion in Viet Nam in the January- June period, making it the country’s third largest source of foreign investment.

As of June 2019, the neighbour had 2,461 valid projects in Viet Nam with a total investment capital of more than $15.45 billion, ranking seventh among 132 countries and territories investing in the country. — VNS


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