Business

CAEXPO helps promote ASEAN-China free trade area

The China-ASEAN Expo (CAEXPO), an initiative of China that win support of ASEAN countries, has become an important multilateral cooperative event, contributing to promoting the ASEAN-China free trade area, a Vietnamese official said.
CAEXPO helps promote ASEAN-China free trade area ảnh 1Deputy Minister of Industry and Trade Do Thang Hai speaks in his pre-recorded remarks at the forum on September 11 (Photo: VNA)
Hanoi (VNA) - The China-ASEAN Expo (CAEXPO), an initiative of China that win support ofASEAN countries, has become an important multilateral cooperative event,contributing to promoting the ASEAN-China free trade area, a Vietnameseofficial said.

In hispre-recorded remarks delivered at a forum on ASEAN-China business and tradecooperation held on September 11 in theframework of the 18th CAEXPO, Vietnamese Deputy Minister of Industryand Trade Do Thang Hai said the cooperation between the two sides has continuouslydeveloped over the past 30 years since the establishment of their dialogue relationship,on the basis of mutual benefit, respect and understanding, thus contributing topeace, stability and prosperous development in the region and the world as awhole.

He particularly highlighted their dynamic economic ties, with two-way tradesurging 80 fold after three decades, turning ASEAN and China into each other’stop trade partners.

Hewent on to say that the ASEAN-China free trade area was launched in 2010, andthanks to joint efforts has grown into the third largest FTA in the world. Lastyear, despite the grave impact of the COVID-19 pandemic, bilateral trademanaged to grow 32.9 percent, accounting for 15.9 percent of China’s totalforeign trade. ASEAN, for the first time, has surpassed the EU to become thebiggest trade partner of China.

Asthe gateway to the ASEAN-China FTA, Vietnam also saw its trade with Chinagrowing stably and rapidly at an average over 20 percent a year in the pastfive years, according to Deputy Minister Hai.  

He cited customs statistics of Vietnam which showed Vietnam-China trade totaled133.1 billion USD in 2020, up 13.82 percent from 2019 despite the pandemic. Thevalue in the first seven months of 2020 surged 40.4 percent from the sameperiod last year to 91.41 billion USD. China continues to be Vietnam’s largesttrade partner, while Vietnam has become the top trade partner of China in theASEAN.

Theforum, held in both online and offline forms, was organised by the TradeMinistry of China and the organizer of CAEXPO to mark the 30th foundinganniversary of the ASEAN-China dialogue relationship.

Delegatesat the event included officials from economic and trade ministries of ASEANcountries and China, along with ambassadors of ASEAN countries to China./. 
VNA
#China-ASEAN Expo #CAEXPO #ASEAN-China free trade area #Do Thang Hai #Vietnam-China trade #ASEAN-China dialogue relationship #updated Vietnam news #Vietnamplus #Vietnam News Agency China ASEAN
Follow VietnamPlus

Related News

Vietnam welcomes proposal to elevate ASEAN-China relationship

Vietnam welcomes proposal to elevate ASEAN-China relationship

Vietnam welcomes a proposal to upgrade the ASEAN-China relationship, Foreign Minister Bui Thanh Son said at the ASEAN-China Foreign Ministers’ Meeting held via videoconference on August 3 as part of the 54th ASEAN Foreign Ministers’ Meeting (AMM-54) and Related Meetings.
18th CAEXPO, CABIS to bring new momentum for China-ASEAN economic growth: Deputy PM

18th CAEXPO, CABIS to bring new momentum for China-ASEAN economic growth: Deputy PM

The 18th China-ASEAN Expo (CAEXPO) and 18th China-ASEAN Business Investment Summit (CABIS) will create a new motivation for the development of economic-trade ties between ASEAN and China as well as the growth of both sides, stated Deputy Prime Minister Le Van Thanh while delivering a video speech at the opening ceremony of the two events on September 10.
Various Vietnamese products on show at China-ASEAN Expo

Various Vietnamese products on show at China-ASEAN Expo

A wide range of Vietnamese agriculture, forestry and fisheries products, processing food, wood furniture and handicrafts, consumption good, as well as tourism and trade services are on display at the China-ASEAN Expo (CAEXPO) which opened on September 10 in Nanning, China.

See more

At Xa Mat international border gate (Photo: VNA)

📝OP-ED: Decree 46 - Not proof of distorted “systemic failure”

Temporary suspensions, adjustments, or revisions of newly enacted policies are never ideal and should be minimised. Yet such course corrections occur worldwide, irrespective of a country's development stage or market-economy maturity. What counts is rapid remediation to contain losses, extraction of lessons to prevent recurrence, and firm resistance to the dissemination of misleading or hostile allegations, which will help both enforcers and those subject to compliance maintain clarity and composure.

Delegates at the signing ceremony of the MoU between the Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES). (Photo courtesy of the Vietnamese Embassy in Brazil)

Vietnam, Brazil step up trade promotion cooperation

The Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES) recently inked the MoU to enhance cooperation and expand business opportunities for enterprises from the two countries, with support from the Vietnamese Embassy in Brazil.

Chua Ve container port in Hai Phong (Photo: nhandan.vn)

Vietnam accelerates green transition for seaports

In recent years, while expanding infrastructure and boosting operational efficiency, the country has steadily rolled out a national green port initiative to align with international standards and encourage sustainable growth in the maritime industry.

More than 4.1 million air passengers are forecast during the peak travel period of the Lunar New Year 2026. (Photo: VNA)

19 additional aircraft to be deployed to serve Lunar New Year peak period

During the pre-Tet peak, several routes from Ho Chi Minh City to destinations such as Hue, Thanh Hoa, Vinh, Pleiku, Tuy Hoa, Quy Nhon, Chu Lai and Dong Hoi have recorded booking rates above 90%, with some reaching 100%. In contrast, return flights from localities to Ho Chi Minh City remain low, with many flights reporting booking rates below 35% and several operating as ferry flights to return aircraft.

Shoppers at the first Glorious Spring Fair (Photo: VNA)

Spring Fair 2026: Opportunities for businesses to expand connections

Many businesses are doing more than presenting product functions; they are also telling the story of their raw-material regions, production processes, and social and environmental responsibility. This reflects a clear transition: companies are no longer competing solely on price, but increasingly on perceived value and consumer trust.

Vietnam Airlines will deploy wide-body Airbus A350 aircraft on its new nonstop Vietnam–Netherlands service starting June 16. (Photo: VNA)

Vietnam Airlines to launch first nonstop Hanoi–Amsterdam route

Nguyen Quang Trung, Deputy General Director of Vietnam Airlines, said that the nonstop Hanoi–Amsterdam route marks an important milestone in the carrier’s European network expansion strategy. Its presence at one of the world’s leading aviation hubs will not only broaden the airline’s business opportunities but also help strengthen economic, trade and investment connection, as well as people-to-people exchanges between Vietnam and the Netherlands, and Europe in general.

Central Highlands region's products on display at the first Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026: Traditional flavours find new pathways to market

Products rich in traditional flavours - from confectionery and processed agricultural goods to highland tea - are presented in refreshed designs that preserve cultural identity while meeting rising market standards, opening up prospects for expanded consumption and gradual entry into export markets.