Vietnam, China boost trade through international fairs
The 17th Vietnam-China International Trade Fair kicked off in the north-western border province of Lao Cai on November 10 under the theme “Integration – Cooperation for mutual development”.
Lao Cai (VNA) – The 17thVietnam-China International Trade Fair kicked off in the north-western borderprovince of Lao Cai on November 10 under the theme “Integration – Cooperationfor mutual development”.
The annual event is rotationally held byVietnam’s Lao Cai city and Hekou district of China’s Yunnan province as part ofthe national tourism year 2017.
It is expected to boost cooperation in tourismbetween Vietnamese and Chinese localities, including Lao Cai and Yunnanprovinces.
It looks to increase the bilateral trade via LaoCai international border gate and help businesses make inroads into the Yunnanmarket and create development momentum for China’s south-western provinces.
Deputy Minister of Industry and Trade Cao QuocHung said the trade fair, which takes place on the occasion of the APECEconomic Leaders’ Week 2017, is an important event to strengthen Vietnam-Chinaeconomic, trade partnership and make active contributions to regional peace,cooperation, development and prosperity.
Gao Shu Xun, adviser to the Yunnan peoplegovernment, said the trade fair has become a highlight in the economic-tradecooperation between Lao Cai and Yunnan in particular and Vietnam and China ingeneral over the past few years.
The event creates a venue for participants toseek business and investment opportunities, he added.
This year’s fair features nearly 800 pavilionsoffering various kinds of products such as agro-forestry-aquatic products,medicines, machinery, automobile equipment, chemicals, construction material,electronics, households commodities, and handicrafts.
An award presentation ceremony for the photocontest capturing the beauty of Lao Cai was held the same day.-VNA
About 80 photos on the beauty of Vietnam and China and the two countries’ relations are on display at an exhibition which opened at the Ho Chi Minh Museum.
Promoting relations between Vietnam and China in a pragmatic and effective manner for mutual benefits meets the aspiration of the two countries’ Parties and people.
The Vietnam – China international trade fair in the northern mountainous province of Lang Son from November 2-8 attracted about 8,000 visitors per day and earned over 50 billion VND (2.17 million USD)
Vietnam’s trade balance with China is expected to improve after enterprises from the two nations inked investment contracts at a trade connection conference in Hanoi on November 8.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.