BRI NEWS Chinese, Vietnamese firms pin hope on Guangdong trade fair

BRI NEWS

Chinese, Vietnamese firms pin hope on Guangdong trade fair

Xinhua

21:38, August 30, 2019

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Photo: VCG

HANOI, Aug. 29 (Xinhua) -- Chinese and Vietnamese companies said here on Thursday that they are seeking large-scale business partners at the ongoing 2019 China (Guangdong)-Vietnam Import and Export Fair.

The three-day fair kicked off on Wednesday in Hanoi, with the participation of 260 Chinese and Vietnamese enterprises whose products center on five groups, namely machinery and consumer electronics; LED and lighting technology; hardware, construction materials and furniture; garment, consumer goods and food; and tech products and gadgets.

"We have developed a new type of effective and energy-saving evaporative air cooler which is selling well across China and in dozens of foreign countries. Now, we are seeking more partners to boost our sales in Vietnam which is very hot in summer," Wang Fushuang, a sales manager of Guangdong Wanjiada Household Electrical Appliances Company, said on Thursday.

Meanwhile, many Vietnamese firms said they want to expand their sales networks in the huge Chinese market, especially in southern China's Guangdong province. "We annually export 300 kg to 500 kg of natural agarwood to the Chinese market, and currently seek more importers from Guangdong and its neighboring Hong Kong Special Administrative Region," Chau Tu Trong, director of Thien Tam Agarwood Company, said.

At the fair's business matching programs, Vietnamese enterprises, mostly producers and exporters of rice, coffee, rubber, timber, handicraft, garment accessories, cotton and electrical equipment, are seeking partners from China's Guangdong, Hong Kong Special Administrative Region and Macao Special Administrative Region.

Last year, trade volume between China and Vietnam reached a record high of nearly 150 billion U.S. dollars, according to statistics from the General Administration of Customs of China.

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