16:44 | 30/11/2017 Trade
The upcoming 2017 Vietnam-China International Trade and Tourism Fair, to be held in Mong Cai city, is believed to be a golden opportunity for agricultural producers of the northern province of Quang Ninh.
|The fair is believed to be a golden opportunity to boost trade exchanges between Vietnam and China - Photo: nongnghiep|
The fair is scheduled to take place at the square of the communications-culture centre in Hoa Lac ward of Mong Cai city from December 1 to 7. It will feature more than 400 booths, including some 300 booths of organisations, businesses and individuals of Vietnam, Thailand and Laos and 120 others of Chinese firms.
It will showcase major products such as fruit, agro-forestry-fishery products, machinery, electronic devices, handicrafts, and wood products.
Aside from introducing goods that Vietnam and Quang Ninh province have exported to China, the event is a platform to popularise local potential for trade, investment and tourism.
A new activity for this year’s event is displaying speciality fruit and agricultural and seafood products of both Vietnam and China. Many booths will also introduce commodities made under the “One village, one product” programme in Vietnam.
Along with an investment, trade and tourism promotion conference, a forum will be held to promote the trade of fruit and agricultural products through Vietnam’s Mong Cai and China’s Dongxing border gates, thus connecting Vietnamese and Chinese companies.
Other activities will include a street festival in Tran Phu ward and a workshop promoting a free trade area in Vietnam-China border regions.
The 2017 Vietnam-China International Trade and Tourism Fair, part of Vietnam’s national trade promotion programme, is the 12th of its kind held annually on a rotational basis between Mong Cai and Dongxing cities.
The fairs have helped expand export markets, connectivity and win-win cooperation, contributing to the two countries’ trade, investment and tourism ties.
This year’s event follows the inauguration of Bac Luan 2 Bridge, the second bridge linking Mong Cai and Dongxing, on September 13 and the installation of the last segment of a floating bridge connecting these cities in October. The floating bridge is part of the infrastructure of Mong Cai – Dongxing border gates, which were designated as ports of entry for trading fruit, agricultural products, seafood and wood products between the two countries.
Earlier, Mong Cai authorities held a trade promotion conference including more than 100 businesses in Nanning city of China’s Quangxi province in September. A similar meeting with the same number of firms took place in Ha Long city of Quang Ninh a month later.
Mong Cai city plans to hold two conferences promoting fruit and agricultural and fishery products trade in the Mekong Delta province of An Giang on October 30 and the central province of Binh Thuan in November.
Quang Ninh is a coastal province in the northeast of Vietnam. It shares a 132.8km land border with Fangcheng district and Dongxing city of China’s Guangxi province.
China is currently Vietnam’s top trade partner while Vietnam is China’s biggest partner in ASEAN and the ninth biggest in the world.
Vietnam’s statistics showed that bilateral trade reached 71.9 billion USD in 2016, up 7.9 percent over the previous year. The country’s trade deficit with China fell 13.67 percent year on year.
By the end of August 2017, trade between the two countries had hit 55.2 billion USD, up 23.59 percent from a year earlier, with Vietnam running a deficit of 17.7 billion USD, down 5.76 percent.