The China-ASEAN Expo (CAEXPO), an initiative of China that win support of ASEAN countries, has become an important multilateral cooperative event, contributing to promoting the ASEAN-China free trade area, a Vietnamese official said.
Deputy Minister of Industry and Trade Do Thang Hai speaks in his pre-recorded remarks at the forum on September 11 (Photo: VNA)
Hanoi (VNA) - The China-ASEAN Expo (CAEXPO), an initiative of China that win support ofASEAN countries, has become an important multilateral cooperative event,contributing to promoting the ASEAN-China free trade area, a Vietnameseofficial said.
In hispre-recorded remarks delivered at a forum on ASEAN-China business and tradecooperation held on September 11 in theframework of the 18th CAEXPO, Vietnamese Deputy Minister of Industryand Trade Do Thang Hai said the cooperation between the two sides has continuouslydeveloped over the past 30 years since the establishment of their dialogue relationship,on the basis of mutual benefit, respect and understanding, thus contributing topeace, stability and prosperous development in the region and the world as awhole.
He particularly highlighted their dynamic economic ties, with two-way tradesurging 80 fold after three decades, turning ASEAN and China into each other’stop trade partners.
Hewent on to say that the ASEAN-China free trade area was launched in 2010, andthanks to joint efforts has grown into the third largest FTA in the world. Lastyear, despite the grave impact of the COVID-19 pandemic, bilateral trademanaged to grow 32.9 percent, accounting for 15.9 percent of China’s totalforeign trade. ASEAN, for the first time, has surpassed the EU to become thebiggest trade partner of China.
Asthe gateway to the ASEAN-China FTA, Vietnam also saw its trade with Chinagrowing stably and rapidly at an average over 20 percent a year in the pastfive years, according to Deputy Minister Hai.
He cited customs statistics of Vietnam which showed Vietnam-China trade totaled133.1 billion USD in 2020, up 13.82 percent from 2019 despite the pandemic. Thevalue in the first seven months of 2020 surged 40.4 percent from the sameperiod last year to 91.41 billion USD. China continues to be Vietnam’s largesttrade partner, while Vietnam has become the top trade partner of China in theASEAN.
Theforum, held in both online and offline forms, was organised by the TradeMinistry of China and the organizer of CAEXPO to mark the 30th foundinganniversary of the ASEAN-China dialogue relationship.
Delegatesat the event included officials from economic and trade ministries of ASEANcountries and China, along with ambassadors of ASEAN countries to China./.
Trade between China and the Association of Southeast Asian Nations (ASEAN) has skyrocketed by 85 times since the two sides established their dialogue relations 30 years ago.
Vietnam welcomes a proposal to upgrade the ASEAN-China relationship, Foreign Minister Bui Thanh Son said at the ASEAN-China Foreign Ministers’ Meeting held via videoconference on August 3 as part of the 54th ASEAN Foreign Ministers’ Meeting (AMM-54) and Related Meetings.
The 18th China-ASEAN Expo (CAEXPO) and 18th China-ASEAN Business Investment Summit (CABIS) will create a new motivation for the development of economic-trade ties between ASEAN and China as well as the growth of both sides, stated Deputy Prime Minister Le Van Thanh while delivering a video speech at the opening ceremony of the two events on September 10.
A wide range of Vietnamese agriculture, forestry and fisheries products, processing food, wood furniture and handicrafts, consumption good, as well as tourism and trade services are on display at the China-ASEAN Expo (CAEXPO) which opened on September 10 in Nanning, China.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Deputy Minister of Industry and Trade Do Thang Hai speaks in his pre-recorded remarks at the forum on September 11 (Photo: VNA) 
