Despite the native effects from the global economic slowdown, two-way trade between Vietnam and China rose 20.4 percent in the first seven months of 2012 to approximately US$23 billion.
Of the total, Vietnamese exports generated US$7.2 billion, up 25.3 percent, and imports fetched US$15.6 billion, up 18.3 percent.
In his speech, Dao Ngoc Chuong, deputy head of the Asia-Pacific Bureau under the Ministry of Industry and Trade, acknowledged the efforts by the Vietnamese and Chinese business communities in making full use of each country’s management policies and competitive advantages to increase trade exchanges through different channels.
These activities have not only helped elevate bilateral trade ties but also increase mutual understanding between the two business communities and peoples, said Chuong.
This year’s trade exchange conference was divided into five sections for farm products, machinery, and equipment; electricity and energy; food processing and packaging; electronics and home appliances; and general trade promotion.
Hundreds of businesses from each country took part in the conference to exchange views and seek investment opportunities.
The conference was first held in 2010 on the joint initiative of the China-ASEAN Expo Secretariat and the Trade Promotion Department under the Ministry of Industry and Trade.
It takes place on the sidelines of the annual ASEAN-China Expo (CAEXPO) and China-ASEAN Business-Investment Summit (CABIS).
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