125th China Import and Export Fair introduced in HCM City
The Vietnam Chamber of Commerce and Industry – Ho Chi Minh City Branch (VCCI-HCM), in collaboration with the China Foreign Trade Center, held a conference on March 20 to introduce the 125th China Import and Export Fair (Canton Fair) and a business exchange between Vietnamese and Chinese enterprises.
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Farmers havest dragon fruit (Source: sggpnews.org)
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The fair is divided into three phases. Phase 1 from April 15-19 will show electrical and electronic products, vehicles, building materials and industrial products, while Phase 2 from April 23-27 will show labour-intensive products such as groceries, ornaments, toys, gifts, and furniture. Stationery, clothing, footwear, bags, and human food and medicine will be exhibited in Phase 3 from May 1-5.
According to the VCCI-HCM, China remains Vietnam’s largest trade partner, and the latter surpasses Malaysia to become the biggest trade partner of the former in the Association of Southeast Asian Nations (ASEAN).
Last year, two-way trade exceeded 106 billion USD, up 14 percent year-on-year, of which 41 billion USD came from Vietnam’s exports, up 16 percent.
The structure of Vietnam’s exports to China has positively changed towards gradually increasing the proportion of manufactured products and agro-forestry-aquatic products and decreasing the proportion of raw materials, fuels and minerals.
