Illustrative image (Source: VNA) Hanoi (VNA) - An online trade conference between Vietnam and China washeld in Hanoi on June 2, focusing on construction materials and interior andexterior décor.
Head of the TradePromotion Agency Vu Ba Phu said this was the second conference jointly held bythe Agency and the Department of Commerce in China’s Guangxi Zhuang AutonomousRegion (GZAR) over the past two months, as part of a trade promotion agreementsigned by the two offices and 10 northern Vietnamese localities in June 2019.
The conferenceaimed to realise a common view held by Minister of Industry and Trade Tran TuanAnh and Secretary of the GZAR’s Party Committee Lu Xishe on intensifyingmeasures and cooperation between Guangxi and Vietnamese localities to resumetrade and economic activities.
The production andtrade of construction materials and interior and exterior décor depend very muchon the real estate market.
Real estate in bothVietnam and China, however, has been downbeat since virtually the beginning ofthe year, especially since COVID-19 broke out.
Enterprises in thetwo countries operating in the field should therefore intensify their cooperationand adopt methodical investment strategies on finance and technology toanticipate new opportunities when the pandemic is defeated.
Jiang Liansheng,Director of the GZAR’s Department of Commerce, said the two sides haveorganised numerous fairs on construction materials and interior and exterior décor.
Two-way trade of householdappliances, building materials, décor, and sanitary equipment rose from 24.78billion USD in 2017 to 39.73 billion USD in 2019, of which turnover of buildingmaterials and décor increased from 7.16 billion USD to 14.76 billion USD, foraverage annual growth of 53.1 percent.
Phu stressed that hisagency is willing to facilitate links between enterprises from Vietnam andGuangxi./.
VNA
