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China (Guangdong) - Vietnam Import and Export Fair underway

Released at: 17:00, 29/08/2019

China (Guangdong) - Vietnam Import and Export Fair underway

Photo: Ngoc Lan

Hanoi fair an opportunity for businesses to establish relationships.

by Ngoc Lan

The 2019 China (Guangdong) - Vietnam Import and Export Fair kicked off at the Hanoi International Center for Exhibition on August 28, showcasing products such as rice, coffee, rubber, cotton, garment accessories, handicrafts, cooking utensils, and electrical equipment.

The fair offers Vietnamese businesses a chance to meet producers and discuss cooperation in fields such as machinery, electrical equipment and electronics, LED and lighting technology, construction materials and furniture, fashion, household utensils and food, and high-tech products and accessories. More than 3,000 potential buyers were invited to the event to participate in a business networking program.

Deputy Minister of Industry and Trade Do Thang Hai said the Ministry recognizes and highly appreciates the efforts of Guangdong province’s government in promoting imports of strength in Vietnam and China, such as agriculture, seafood, processed food, cotton, and garments. “The fair is a bridge to help businesses from the two countries connect and seek cooperation opportunities in trade, investment, and tourism,” he added. “It also contributes to strengthening cooperation between Vietnam and China in general and Vietnam and Guangdong province in particular.”

Mr. Ouyang Weimin, Deputy Governor of Guangdong province, said China is Vietnam’s largest trade partner and Guangdong is a pioneering partner in economic and trade cooperation as well as friendship exchange.

Mr. Johnson Choi, Acting Chairman of the Hong Kong - Vietnam Chamber of Commerce and Executive Director of the Sunwah Group, said Vietnam boasts advantages in terms of infrastructure, economy, technology, and others. “The Vietnamese Government has rolled out many preferential policies in an effort to attract foreign investors,” he added.

According to statistics from the General Department of Vietnam Customs, two-way trade turnover between Vietnam and China reached $106.7 billion in 2018, up 13.5 per cent year-on-year. In the first half of this year, it hit $52.36 billion, up 11.8 per cent. There are 110 enterprises from Guangdong now investing in Vietnam and the number is expected to increase in the time ahead.

Trade turnover between Vietnam and Guangdong reached more than $37 billion last year, accounting for a quarter of the total between Vietnam and China.

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