Bright spot in Vietnam trade promotion

Promote exports of competitive products to China

According to the Trade Promotion Agency, in recent years, trade promotion activities between Vietnam and China have been comprehensively implemented in many fields, effectively supporting the connection of businesses between Vietnam and China, promoting the export of Vietnam's strong products to China.

Assessing the results of trade promotion between the two countries in recent times, Mr. Vu Ba Phu - Director of the Trade Promotion Department (Ministry of Industry and Trade) - said: "One of the results achieved in trade promotion between the two countries can be mentioned as the highlight through large-scale fairs of political significance between Vietnam and China".

According to the Trade Promotion Agency, in recent years, trade promotion activities between Vietnam and China have been comprehensively implemented in many fields.

According to the Director of the Trade Promotion Department, with the goal of promoting the national image and supporting Vietnamese enterprises to develop export markets in China, the Ministry of Industry and Trade presides over and assigns the Trade Promotion Department to be the focal point for organizing Vietnamese business delegations to participate in large-scale international fairs held annually in China under the annual national trade promotion program.

For example, the China-South Asia Fair and the Kunming International Import and Export Fair are held annually in July or August in Kunming City, Yunnan Province, China.

“At this event, the Trade Promotion Agency organized a delegation of Vietnamese businesses to participate in this Fair with a scale of about 100 Vietnamese businesses/220 booths from provinces/cities across the country, in the following industries: agriculture - aquatic products, processed foods, wooden furniture, gift products…” – said the Director of the Trade Promotion Agency.

Director Vu Ba Phu emphasized that the fair is the most important economic and political event in the Southwest region of China, which the Chinese Government has focused on investing in to serve the Chinese Government's "One Belt, One Road" strategy, thereby strengthening extensive cooperation with South Asian and ASEAN countries.

Or the China-ASEAN Expo (CAEXPO) is also one of the notable highlights in the trade promotion activities of the two countries. At the 7th ASEAN-China Summit on October 8, 2003 in Bali, Indonesia, Chinese Premier Wen Jiabao announced the initiative to hold the China-ASEAN Expo (CAEXPO) annually in Nanning City, Guangxi Province, China starting from 2004. This initiative has received the welcome and consensus of ASEAN Leaders.

With the significance of the fair, the Prime Minister of Vietnam directed in Official Dispatch 3393/VPCP-QHQT dated July 22, 2004 to establish a National Steering Committee of Vietnam to participate in the annual China - ASEAN Fair, assigning the Minister of Trade (now the Ministry of Industry and Trade) to be the Head of the Steering Committee and Co-Head of the Fair Organizing Committee, and at the same time assigning the Ministry of Industry and Trade to coordinate with relevant ministries, branches and localities to organize Vietnam's annual participation in the CAEXPO Fair.

Accordingly, the Ministry of Industry and Trade has assigned the Trade Promotion Department as the focal agency, directly responsible for implementing the tasks related to the above tasks, and the leaders of the Trade Promotion Department, together with the leaders of the Chinese and ASEAN trade promotion agencies, are co-Deputy Heads of the Fair Secretariat.

“The China-ASEAN Expo and the China-ASEAN Trade and Investment Summit are among the most important trade promotion activities in the annual Vietnam-China trade promotion work. The fair is held annually in September in Nanning City, Guangxi Province, China,” said the Director of the Trade Promotion Department.

At the fairs, there were leaders of the Vietnamese Government and leaders of ministries and branches attending. The scale of participation of Vietnamese enterprises at the fairs was about 140 enterprises/220 standard booths. Vietnam is always the country with the largest scale of participation in the fairs among ASEAN countries, only after the host country China.

Deputy Prime Minister Tran Hong Ha visits the Vietnam National Pavilion at the 2023 China International Import Expo

Promote the national image, economic and trade potential of Vietnam

Previously, within the framework of the Belt and Road Forum for International Cooperation held in May 2017 in Beijing, China, General Secretary and President of China Xi Jinping announced the initiative to organize the China International Import Exposition (CIIE) which received the welcome and consensus of the countries attending the forum, including Vietnam.

The fair, hosted by the Chinese Government, assigned to the Ministry of Commerce of China and the Shanghai Municipal People's Government, is held annually in Shanghai since 2018. It is considered an important trade promotion event, with the goal of opening the Chinese market to the world, creating opportunities for countries to access China's vast market of over 1.4 billion people, contributing to promoting the "Belt and Road" initiative as well as the globalization process.

Accordingly, the China International Import Expo (CIIE) is held annually in early November in Shanghai, China. This year, the Vietnamese business delegation organized by the Trade Promotion Agency will participate in the following activities: Organizing a Vietnamese national booth at the Fair to promote the national image and introduce Vietnam's economic and trade potential; Organizing a Vietnamese business booth: 30 typical Vietnamese export enterprises in the field of agricultural products and processed foods, displaying and introducing on an area of ​​400 to 600m2.

According to the leader of the Trade Promotion Agency, following the success of the fairs, next November, the 2024 China-Vietnam Border Economic, Trade and Tourism Fair (Hong Ha) will also be held with the theme: "Shared development, mutually beneficial cooperation" at the Hekou International Exhibition Center, Hong Ha District, Yunnan Province (China).

This is one of the major cross-border trade promotion events with an expected 500-600 standard booths arranged in 2 areas. The Chinese booth area has an area of ​​5,500 m2, the Vietnamese booth area has an area of ​​3,800 m2. The major trade promotion event will be held this year to promote the export of goods through the border gate system to the Chinese market.

According to the Ministry of Industry and Trade, with more than 5,000 km of shared border with China, Laos and Cambodia, located in the center of Southeast Asia, Vietnam possesses many advantages and strategic conditions to expect to rise to become a trading center in the region, becoming an important trade gateway between neighboring countries and countries in the Southeast Asian region in particular with developed economies in the world in general.

In particular, promoting the results achieved in trade promotion, in the coming time, Vietnam and China will continue to strengthen the deep and comprehensive trade cooperation relationship in many fields, in which, the fairs will be taken as a highlight.

Source: https://congthuong.vn/diem-sang-trong-xuc-tien-thuong-mai-viet-trung-nhin-tu-loat-hoi-cho-quy-mo-lon-342951.html