Vietnam-China trade fair reaps rich benefits

(VOV) - The Vietnam-China Border Trade Fair taking place on November 8-12 in Hekou, China has resulted in about 19 business deals worth US$440 million so far, according to the Lao Cai province Department of Industry and Trade.

At the fair, enterprises have set up more than 1,200 pavilions displaying a wide variety of wares including agro-forestry and fisheries products, automobiles, equipment, electronics, garment and textiles, and footwear.

A representative from the Yunnan Provincial Department of Commerce has suggested that leaders of Lao Cai and Yunnan provinces should speed up the establishment of cooperative functional zones to boost trade.

Yunnan province officials have also advocated Vietnamese businesses export more fisheries products to the locality.To this end they recommend border gate fees and the value added tax (VAT) be lowered and customs clearance procedures streamlined. Both provinces have been urged to take full advantage of the Kunming, Hekou-Lao Cai-Hanoi highway to transport goods and promote tourism and urban connectivity.

During the fair, a series of seminars are planned to help businesses of both localities share experience and seek cooperative opportunities.