A booth at the sixth Zhejiang Export Fair in Hanoi (Photo: VNA)Hanoi (VNA) – The sixth Zhejiang Export Fair inVietnam kicked off at the International Centre for Exhibition in Hanoi onAugust 3 with the participation of over 100 businesses from the Chineseprovince.
Taofei, head of the Zhejiang businessdelegation, said the participating companies represent the “Zhejiang Made, AllNeed” symbol. They are prestigious firms and have generated considerableeconomic benefits for the province.
The 150 booths at the event showcase machinery,electrical and electronic equipment, construction materials, interiordecoration, metals, textile-garment and materials, and consumer goods.
To Ngoc Son, deputy head of the Asia-Pacificdepartment under the Ministry of Industry and Trade, said the sixth ZhejiangExport Fair in Vietnam is one of the biggest of its kind in Southeast Asia.
It continues to be an opportunity for Vietnameseand Zhejiang firms to optimise their advantages, increase experience sharing,and foster export-import activities, helping to fuel Vietnam-China trade, henoted.
He added his ministry will coordinate withrelevant agencies of China to take various measures to promote bilateral trade.The Vietnamese and Chinese trade ministries are also working with the Zhejiangadministration to finish procedures for the opening of a trade promotion officeof Vietnam in Hangzhou city this year.
Taofei said Zhejiang boasts the most favourablenatural conditions and the fastest economic growth rate in China. It has set updirect economic relations with more than 230 countries and territories aroundthe world. The province’s total trade revenue reached 33.64 billion USD in2016, including 26.78 billion USD of exports.
Trade turnover between Vietnamese localities andZhejiang hit 6.7 billion USD in 2016, up 12 percent year on year. While 186Zhejiang businesses have poured 1.68 billion USD into Vietnam, 26 Vietnamesefirms have also invested in the Chinese province with total capital of 20million USD.
Vietnam is currently the biggest trade partnerof Zhejiang in Southeast Asia and also a big investment destination of theprovince’s enterprises.
The three-day Zhejiang Export Fair is held atNo. 91 Tran Hung Dao street by the Zhejiang provincial Department of Commerce,the Vietnam National Trade Fair & Advertising Jointstock Company (Vinexad), and the Ministry of Industry and Trade ofVietnam.-VNA
VNA
