Economy
Caution arises as State divestment strategy potentially poses risks
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| Agricultural produce of the province is presented at the trade fair. — VNA/VNS Photo Nguyễn Thảo |
Viet Nam News
HÀ NỘI — The People’s Committee of the northern province of Vĩnh Phúc on Sunday evening opened a socio-economic achievement exhibition and trade fair to celebrate 20 years of re-establishment.
Among the 350 booths at the event, there are 150 stalls in the trade fair area, featuring products ranging from industrial products, such as automobiles, motorbikes and home appliances, to farm produces which are the province’s specialties.
The exhibition and trade fair is an opportunity for the province to introduce to domestic and foreign investors its socio-economic achievements over the past 20 years, as well as policies for the locality’s sustainable development, Trần Văn Vinh, standing deputy secretary of the provincial Party Committee, said.
The province is expected to reach an economic growth rate of 8.56 per cent in 2016 and State budget collection of VNĐ30.8 trillion (US$1.37 billion), recording the highest level, so far.
Vinh added that this is also an opportunity for local enterprises to promote their products and brand names and increase exchange of experiences and business co-operation with partners.
The exhibition and trade fair will last until December 30. — VNS
