Businesses capitalize on China fair
(VOV) - Vietnamese businesses now consider the annual China Kunming Import and Export Fair as one of the year’s most important, says Vietnamese Deputy Prime Minister Vu Van Ninh.
Ninh made the acknowledgement at a June 6 ceremony opening the first China-South Asia Expo and the 21st China Kunming Import and Export Fair in Yunnan province.
The Chinese Government authorised Yunnan’sconcurrent China-South Asia Expo in an effort to tighten economic and trade cooperation between China and its regional neighbours.
Officials press buttons kick-starting the fair (Photo: VGP) |
Ninh noted that the economic and trade ties between Vietnam and China have grown and flourished over the years. China remains Vietnam’s leading trading partner, with two-way trade value reaching US$41.1 billion last year, up 15.2 percent against 2011’s figure.
Both sides have actively promoted Vietnam-based investment cooperation in thermal power plants, industrial works, and infrastructure construction.
They have also speeded up joint cooperation projects along the Vietnam-China economic corridor.
He stressed that the trade ties between their localities have developed remarkably, with the value exceeding US$1 billion last year.
Deputy PM Vu Van Ninh visits a Vietnamese pavilion (Photo: VGP) |
Vietnamese businesses used more than 180 exhibition pavilions to display products spanning fine arts and handicrafts, foodstuffs, beverages, and footwear.
The Deputy PM affirmed the importance of the China-South Asia Expo and China Kunming Import and Export Fair, saying their promotional activities contribute to strengthening economic and trade relationships between Vietnam, South Asian nations, and China in general, and Vietnamese provinces and Yunnan in particular.
The event will run through to June 10.