Monday, December 17 2018

VietNamNews

Fair promotes VN-China border trade

Update: December, 05/2018 - 14:32
The annual event is held by Việt Nam’s Lào Cai Province and China’s Yunnan Province, aiming to promote trade between investors from the two countries and others. — VNA/VNS Photo
Viet Nam News

LÀO CAI — The 18th Việt Nam-China border economic and trade fair kicked off in Hekou district of China’s Yunnan Province on Tuesday, with various products on display.

With 1,419 booths set up by Vietnamese and Chinese businesses, and those from the Republic of Korea and Thailand, the fair introduced a wide range of farm produce, frozen seafood, clothes and handicrafts.

The annual event is rotationally held by Việt Nam’s Lào Cai Province and China’s Yunnan Province, aiming to promote trade between investors from the two countries and others.

It offers a chance for participating businesses to promote their products and seek opportunities to expand their markets.

Within the framework of the five-day event, there will be a seminar on economic and trade cooperation between Lào Cai and Yunnan provinces, and the signing of contracts between Vietnamese and Chinese enterprises.

Việt Nam has seven provinces bordering China, namely Lạng Sơn, Quảng Ninh, Hà Giang, Lai Châu, Lào Cai, Cao Bằng and Điện Biên.

Việt Nam has overtaken Malaysia to become the largest trade partner of China in the Association of Southeast Asian Nations (ASEAN). Their two-way trade was estimated at US$66 billion in the first half of 2018, with the average monthly trade turnover between the two countries having exceeded $10 billion for the first time in history. — VNS

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