PM’s Shanghai expo presence shows wish for strong ties with China
PM’s Shanghai expo presence shows wish for strong economic ties with China
Prime Minister Nguyen Xuan Phuc will attend the first China International Import Expo (CIIE) on November 4-5, showing Vietnam’s wish to develop bilateral economic and trade ties sustainably.
Representatives of Vietnamese businesses introduce products to Chinese partners at the 12th China-ASEAN Expo in Nanning city, China, in 2015 (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phucwill attend the first China International Import Expo (CIIE) on November 4-5,showing Vietnam’s wish to develop bilateral economic and trade ties sustainably.
The CIIE is scheduled to take place in Shanghaifrom November 5 to 10.
The Chinese government has chosen the country asone of 12 guests of honour among more than 130 countries and territoriesparticipating in the event.
The expo, set to be held annually, aims tocreate a chance for other countries to access the Chinese market and helppromote the “Belt and Road” initiative as well as globalisation.
For Vietnam – a gateway to the Association ofSoutheast Asian Nations (ASEAN), this expo is an important trade, investmentand tourism promotion event helping strengthen its links with regionalcountries, optimise benefits generated by the ASEAN-China Free Trade Area andincrease the export of Vietnamese goods and services to China and other ASEANcountries along with the shipment of ASEAN goods to China via Vietnam.
The CIIE is also an occasion to populariseVietnamese enterprises’ image to China and other countries to attract foreigninvestment while helping Vietnamese firms seek markets and expand businessactivities.
New strides have been recorded in trade,investment and tourism cooperation between Vietnam and China since thebeginning of 2018. China remains the biggest trade partner and source offoreign tourists of the Southeast Asian nation, which in turn also ranks firstamong ASEAN trade and tourism partners of China.
Their trade has kept growing, hitting 76.07billion USD in the first nine months of 2018.
In 2017, Chinese investment in Vietnam reached2.17 billion USD, up more than 20 percent from the previous year, making Chinathe fourth largest FDI investor here.
As of late September 2018, China had 2,041projects worth 12.78 billion USD in Vietnam, ranking seventh among 129countries and territories investing in the country.
Meanwhile, more than 4 million Chinese touristsvisited Vietnam last year. Vietnam also welcomed some 3.8 million tourists fromits neighbour between January and September 2018, rising by 29.7 percent yearon year.-VNA
A pilot passenger road transport route through Vietnam’s Hai Phong city and Hanoi and China’s Kunming city has been opened, expected to help promote trading activities between the two countries.
Vietnam’s popular destinations and excellent tourism products will be brought closer to Chinese friends through a promotion campaign launched by the Vietnam National Administration of Tourism (VNAT) in Guangxi province’s Nanning city and Guangdong province’s Shenzhen city.
Many Vietnamese firms want to boost exports of agricultural products to China via official channels to gain higher value and avoid risks from unofficial cross-border trade, but face a number of difficulties in seeking to bring their trade above-board.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
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.
Representatives of Vietnamese businesses introduce products to Chinese partners at the 12th China-ASEAN Expo in Nanning city, China, in 2015 (Photo: VNA) 
