Le Hoang Oanh, Deputy Head of the Ministry of Industry and Trade’s Trade Promotion Agency, told an October 24 press briefing the fair is the first of its kind to focus on the Chinese province of Qinghai.
Eighty businesses have registered to participate, showcasing farm produce, garments, carpets, traditional Chinese medicine, cordyceps robeti, food, healthcare products, alternative energy technology, material science advances, manufacturing equipment, and electronics.
Qinghai Commerce Department Director Niao Cheng Yun said the fair will help promote the province’s specialities in Vietnam and the wider Southeast Asia.
Two-way trade turnover between Vietnam and China increased from an initial US$7.1 billion in 2004 to US$41.2 billion in 2012. China is Vietnam’s biggest trade partner and the point of origin for its largest number of foreign visitors.
Vietnamese and Qinghai businesses will meet during the fair to exchange experiences and brief each other on their respective trade and investment potential.