Vietnam-China International Trade Fair on the horizon
The Vietnam-China International Trade Fair is scheduled to take place in Dongxing city, China’s Guangxi province from November 8-12.
At the conference (Source: VNA)The fair will accommodate 834 booths, including 100 of Vietnam, displaying special products of ASEAN member countries, heard a conference in Mong Cai city, Vietnam’s northern Quang Ninh province, on October 10.
Nguyen Tien Dung, Vice Chairman of the Mong Cai city People’s Committee, said the city will set up a booth at the fair to introduce products of wards and communes in Quang Ninh province.
There will be exhibitions, forums and seminars on cross-border trade and tourism, along with various cultural, sports and tourism activities within the framework of the event.
A number of cooperation agreements and contracts are expected to be signed by Vietnamese and Chinese businesses during the fair.
The annual fair has been held in Mong Cai and Dongxi cities in turns since 2006, aiming to help the two countries’ enterprises seek partners.
The bilateral trade reached 66.6 billion USD in 2015, a year-on-year rise of 13.7 percent, of which Vietnam exported 17.1 billion USD worth of goods to China (up 14.8 percent) and imported 49.5 billion USD in commodities (up 13.3 percent).
In the first seven months of 2016, Vietnam’s exports reached 10.85 billion USD (up 14.93 percent) while its imports stood at 16.47 billion USD (down 3.42 percent).
In the first half of 2016, China ran 127 new investment projects in Vietnam with the total newly-registered and increased capital of 537.6 million USD.
As of July 2016, China (excluding Taiwan, Hong Kong and Macau), secured 1,500 investment projects in Vietnam worth 10.86 billion USD, ranking ninth out of the 116 countries and territories investing in Vietnam.-VNA
You should also see
PM requires full legal corridor to promote national digital transformation
Prime Minister Pham Minh Chinh on April 24 requested more efforts to step up institutional improvement, create a full legal corridor to promote national digital transformation and develop the digital economy while addressing the eighth meeting of the National Committee for Digital Transformation.
See more
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
Business
SBV takes more actions to stabilise foreign exchange rates
The State Bank of Vietnam (SBV) on April 23 took some moves like issuing treasury bills (T-bills), further employing T-bills as an open market operation (OMO), and stipulating liquidity and interest rates in the inter-bank market in the face of surging USD/VND exchange rates.
Business
Businesses concerned about rising exchange rate pressure
Though the State Bank of Vietnam (SBV) has announced it is selling the US dollar to intervene in the USD/VND exchange rate since April 19, the greenback price has remained high, which has been directly affecting many domestic enterprises.
