Visitors to EWEC International Trade Investment and Tourism Fair (Source: baomoi.com)
Da Nang (VNA) – The East-West Economic Corridor(EWEC) International Trade Investment and Tourism Fair kicked off in the centralcity of Da Nang on August 11.
Nearly 200 businesses and organisations from localitiesnationwide and such foreign countries as South Africa, Thailand, Laos,Cambodia, Myanmar, Hungary and Indonesia are showcasing their products andservices in the fields of electricity, electronics, information technology,furniture, interior décor, handicrafts, hotels and restaurants at nearly 350booths.
A workshop on cooperation and the development of services onthe EWEC and art performances will take place during the six-day event.
Memoranda of Understanding on cooperation between businessesare also expected to be signed within the framework of the fair.
Vice Chairman of the municipal People’s Committee Tran VanMien said that the fair offers a chance to promote trade, investment andtourism of the EWEC.
It is of significance for participating enterprises to seekpartners, develop business and production and promote their products toconsumers, he added.
The EWEC is an economic development programme initiated topromote the development and integration of four Southeast Asian countries:Myanmar, Thailand, Laos, and Vietnam. The concept was agreed upon in 1998 atthe Ministerial Conference of the Greater Mekong Subregion (GMS), organised inManila, the Philippines. The corridor became operational on December 12, 2006.
It was created based on a road stretching 1,450 km acrossMyanmar, Thailand, Laos and Vietnam, from Mawlamyine in Myanmar to Da Nang inVietnam, and is one of the key economic corridors in the GMS, which aims atdeepening integration and trade and investment links, and reducing poverty inthe region.-VNA
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Visitors to EWEC International Trade Investment and Tourism Fair (Source: baomoi.com)
