Over 100 Vietnamese firms to attend China-ASEAN Expo

More than 100 Vietnamese businesses will take part in the seventh China-ASEAN Expo (CAEXPO 2010) scheduled for Oct. 20-24 at the Centre for Conference and Exhibition in Guangxi province, China.

About 170 Vietnamese booths at the expo will display agricultural, forestry and fishery products on, processed food, wooden furniture and handicrafts, and introduce projects calling for investment, trade and tourist services, according to the Trade Promotion Department under the Ministry of Industry and Trade.

Apart from promoting the Vietnam trademark and exports, the expo will offer opportunities for Vietnamese businesses to access and attract distribution and investment channels, and promote advantages from integrating into the ASEAN-China Free Trade Area.

According to the Ministry, two-way trade between Vietnam and China rose from 20-25 percent in recent years. China is first among exporters to Vietnam and ranks third among Vietnam ’s importers.

In the first six months of this year, two-way trade between the two countries reached 11.9 billion USD, of which Vietnam ’s exports rose 45 percent to 2.8 billion USD over the same period last year.

The two-way trade is expected to reach 25 billion USD for the whole year.

Tags: CAEXPO 2010, China ASEAN Expo