CAEXPO helps boost Vietnam-China trade ties

Hanoi (VNA) – The China-ASEAN Expo (CAEXPO) and the China-ASEAN Business and Investment Summit (CABIS), which enters its 14th year this year, have helped boosted trade cooperation between ASEAN and China as well as Vietnam and China, said Deputy Prime Minister Truong Hoa Binh.

Talking to the press on the occasion of his trip to China’s Guangxi Zhuang Autonomous Region to attend the 14th CAEXPO and CABIS, Deputy PM Binh said since its launch in 2004, CAEXPO has become an important event for businesses of both sides.

At this year event in Nanning, capital of China’s Guangxi Zhuang Autonomous Region, from September 11-13, Vietnam was represented by 250 booths, the most among ASEAN countries, introducing various products, including farm produce, processed food, footwear, consumer goods, wooden products and handicrafts.

As an active member of ASEAN, Vietnam’s participation in CAEXPO demonstrates the importance that the country’s Government, localities and enterprises give to strengthening ties with China and Chinese localities, he said.

The event is also a chance for Vietnam to promote its national image, products and trademarks, increasing exports from Vietnam to ASEAN countries and China.

The Deputy PM highlighted that Vietnam prioritises boosting its friendship with China, its largest trade partner and leading source tourism market. Vietnam is also the largest ASEAN trade partner of China and leads ASEAN countries in the number of tourists to China. 

Besides, Guangxi has been a pioneering Chinese locality in cooperating with Vietnam. Trade between the province and Vietnamese localities has contributed largely to Vietnam-China trade revenue.

Collaboration between Guangxi and Vietnam in tourism, agriculture, culture, education, people-to-people connection, and border management has also been fruitful, said Binh.

Vietnam also values the position of Guangxi in the cooperation between the two countries, especially with the two countries promoting connectivity within the framework of the “Two Corridors, One Belt” and the “Belt and Road” initiatives.

Binh stressed the need for Guangxi and Vietnamese localities to continue rolling out measures to implement the common perspectives reached by leaders of both countries, while boosting win-win cooperation in all fields, including the management of the border, contributing to building a border of peace, stability, cooperation and development.-VNA