Business

Vietnamese, Chinese localities step up trade exchange

Trade promotion agencies of the northern border province of Lao Cai and the Chinese province of Zhejiang’s Hangzhou city on November 19 organised an international conference on exports and trade exchange in both virtual and face-to-face forms.
Vietnamese, Chinese localities step up trade exchange ảnh 1At the conference. (Photo: VNA)
Lao Cai (VNA) – Trade promotion agencies of thenorthern border province of Lao Cai and the Chinese province of Zhejiang’s Hangzhou city on November 19 organised an international conference on exports and trade exchange in both virtual andface-to-face forms.

The event gathered 138 enterprises from 15 provinces andcities of Vietnam and nearly 100 businesses from China’s Zhejiang, Tianjin, Shanghai,Beijing, and Yunnan.

Head of Lao Cai’s centre for industrial promotion and tradepromotion Ha Duc Binh said the conference aimed to boost trade exchange and commercialcooperation between the localities, offering chances for Vietnamese suppliers,exporters, and logistics businesses to meet partners from Zhejiangand its neighbouring Chinese provinces. Therefore, export cooperation betweenVietnam and Zhejiang would be enhanced, he added.

As heard at the conference, transportation byair, road and railway between Vietnam and Zhejiang is very convenient, withgoods delivery time between the two sides ranging from one to two days by road andrailway.

Vietnamese, Chinese localities step up trade exchange ảnh 2Products displayed at the event. (Photo: VNA)
According to statistics of the General Department of VietnamCustoms, two-way trade between Vietnamese provinces and Zhejiang in2020 exceeded 8.11 billion USD.

Zhejiang's major exports to Vietnam include fabric products,textiles; steel frames; velvet, feather; electrical components;machinery and components for the textile and garment sector; paper and ceramic tiles. Meanwhile, it mainly importsfrom Vietnam textiles; iron and steel; rubber; plastic beads; food; clinker; andlimestone.

The trade exchange of agricultural products and fruits between the two sides has so far remained modest./.
VNA
#Trade promotion #trade exchange #Lao Cai #Zhejiang #Tianjin #Shanghai #Beijing #Yunnan #Vietnam China #vietnam news agency #vietnamplus
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