This is one of the largest and longest-held fairs organised by China’s Zhejiang province in ASEAN with the aim of creating a new impetus for Vietnam-China cooperation.
Covering an area of 4,000sq.m, the fair will introduce machinery, electrical equipment, electronics, construction materials, textiles and garments, and household products.
The organizing board will also set aside a transaction area, provide interpreters to serve exhibitors and clients, organize forums and present the latest techniques and products.
The private economy in Zhejiang has developed strongly and the province’s businesses have invested more than US$4 billion in Vietnam. The import-export value between Zhejiang and Vietnam reached US$7.93 billion last year, a year-on-year rise of 16%, of which Zhejiang’s exports were US$6.02 billion (up 9.6%) and imports were US$1.92 billion (up 42.4%).
Since the first fair was held in Vietnam in 2011, the event has become the biggest foundation for economic transactions between the Chinese province and Vietnam.