The 14th ongoing China-Vietnam border trade fair in China’s south-western Yunnan province has so far seen the signing of 19 economic deals worth 440 million USD, according to the Department of Industry and Trade of the northern border province of Lao Cai.

The total value of contracts inked at last year’s event was 233 million USD.

The China-Vietnam border trade fair is held annually in Lao Cai and Yunnan on a rotational basis under an agreement reached by the Vietnam’s Ministry of Industry and Trade and the Chinese province.

The fair this year is taking place from November 8-12 in Yunnan’s Hekou district, with over 1,200 booths showing agriculture-forestry-fishery products, automobiles, machinery, electric and electronic equipment, garment-textile and footwear.

Deputy director of the Yunnan Department of Trade Zhou Xue Wen urged the two provinces to speed up the planning work on an economic cooperation zone. He also called on Vietnamese businesses to boost seafood export to Yunnan market and asked Lao Cai pronvice to shorten customs clearance time at border gates.

On his part, Director of the Lao Cai Department of Industry and Trade Do Truong Giang proposed the Yunnan province to enhance cross-border disease prevention, encourage credit activities, and simplify import-export procedures.

A number of workshops are also being held for businesses of the two sides to seek cooperation opportunities.-VNA