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CAEXPO helps boost Vietnam-China trade ties

The China-ASEAN Expo (CAEXPO) and the China-ASEAN Business and Investment Summit (CABIS), which enters its 14th year this year, have helped boosted trade cooperation between ASEAN and China as well as Vietnam and China, said Deputy Prime Minister Truong Hoa Binh.
CAEXPO helps boost Vietnam-China trade ties ảnh 1Deputy Prime Minister Truong Hoa Binh at the opening of the 14th CAEXPO (Photo: VNA)

Hanoi (VNA) – The China-ASEAN Expo (CAEXPO) and theChina-ASEAN Business and Investment Summit (CABIS), which enters its 14th year this year, have helped boosted trade cooperation between ASEAN and Chinaas well as Vietnam and China, said Deputy Prime Minister Truong Hoa Binh.

Talking to the press on the occasion of his trip to China’s GuangxiZhuang Autonomous Region to attend the 14th CAEXPO and CABIS, DeputyPM Binh said since its launch in 2004, CAEXPO has become an important event forbusinesses of both sides.

At this year event in Nanning, capital of China’s Guangxi ZhuangAutonomous Region, from September 11-13, Vietnam was represented by 250 booths,the most among ASEAN countries, introducing various products, including farmproduce, processed food, footwear, consumer goods, wooden products andhandicrafts.

As an active member of ASEAN, Vietnam’s participation in CAEXPO demonstratesthe importance that the country’s Government, localities and enterprises giveto strengthening ties with China and Chinese localities, he said.

The event is also a chance for Vietnam to promote its national image,products and trademarks, increasing exports from Vietnam to ASEAN countries andChina.

The Deputy PM highlighted that Vietnam prioritises boosting its friendshipwith China, its largest trade partner and leading source tourism market.Vietnam is also the largest ASEAN trade partner of China and leads ASEANcountries in the number of tourists to China. 

Besides, Guangxi has been a pioneering Chinese locality in cooperatingwith Vietnam. Trade between the province and Vietnamese localities hascontributed largely to Vietnam-China trade revenue.

Collaboration between Guangxi and Vietnam in tourism, agriculture,culture, education, people-to-people connection, and border management has alsobeen fruitful, said Binh.

Vietnam also values the position of Guangxi in the cooperation betweenthe two countries, especially with the two countries promoting connectivitywithin the framework of the “Two Corridors, One Belt” and the “Belt and Road”initiatives.

Binh stressed the need for Guangxi and Vietnamese localities to continuerolling out measures to implement the common perspectives reached by leaders ofboth countries, while boosting win-win cooperation in all fields, including themanagement of the border, contributing to building a border of peace,stability, cooperation and development.-VNA
VNA

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