Vietnam-China International Trade Fair on the horizon

The Vietnam-China International Trade Fair is scheduled to take place in Dongxing city, China’s Guangxi province from November 8-12.

The fair will accommodate 834 booths, including 100 of Vietnam, displaying special products of ASEAN member countries, heard a conference in Mong Cai city, Vietnam’s northern Quang Ninh province, on October 10.

Nguyen Tien Dung, Vice Chairman of the Mong Cai city People’s Committee, said the city will set up a booth at the fair to introduce products of wards and communes in Quang Ninh province.

At the conference

There will be exhibitions, forums and seminars on cross-border trade and tourism, along with various cultural, sports and tourism activities within the framework of the event.

A number of cooperation agreements and contracts are expected to be signed by Vietnamese and Chinese businesses during the fair.

The annual fair has been held in Mong Cai and Dongxi cities in turns since 2006, aiming to help the two countries’ enterprises seek partners.

The bilateral trade reached USD 66.6 billion in 2015, a year-on-year rise of 13.7 percent, of which Vietnam exported USD 17.1 billion worth of goods to China (up 14.8 percent) and imported USD 49.5 billion in commodities (up 13.3 percent).

In the first seven months of 2016, Vietnam’s exports reached USD 10.85 billion (up 14.93 percent) while its imports stood at USD 16.47 billion (down 3.42 percent).

In the first half of 2016, China ran 127 new investment projects in Vietnam with the total newly-registered and increased capital of USD 537.6 million.

As of July 2016, China (excluding Taiwan, Hong Kong and Macau), secured 1,500 investment projects in Vietnam worth USD 10.86 billion, ranking ninth out of the 116 countries and territories investing in Vietnam.