A Vietnam trade promotion office, the second of its kind in China, was inaugurated in Hangzhou city in the eastern province of Zhejiang on November 5.
Vietnamese Prime Minister Nguyen Xuan Phuc, Minister-Chairman of the Government Office Mai Tien Dung, Minister of Industry and Trade Tran Tuan Anh, Minister of Agriculture and Rural Development Nguyen Xuan Cuong, Vietnamese Ambassador to China Dang Minh Khoi and newly-accredited Chinese Ambassador to Vietnam Xiong Bo attended the inauguration ceremony, among others.
Speaking at the ceremony, Vietnamese Minister of Industry and Trade Tran Tuan Anh said that by holding strengths in foreign trade, e-commerce, manufacturing, and seaport services, Zhejiang and the eastern region of China in general will continue to take the lead in the country’s reform process, thereby fueling economic and trade ties between China and countries across the region and even the world.
Vice Governor of Zhejiang province Zhu Congjiu said that via the newly-opened office, provincial leaders expect that Vietnamese and Chinese companies can gain a deeper insight into opportunities for the import-export of goods in demand, especially Vietnam’s agro-forestry-fishery products which are popular in China.
Dao Viet Anh, Trade Counsellor at the Vietnamese Embassy in China, said the event is meant to realise the agreement signed by the two governments in 2013, as well as the joint statement inked during Chinese Party General Secretary and President Xi Jinping’s visit to Vietnam from November 10-13 last year.
Viet Anh said trade between Vietnam and Zhejiang hit US$7.92 billion in 2017 and Vietnam is now the largest trade partner of the province.
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International visitors expressed positive impressions of Vietnamese products displayed at the fair. Nelma Sanjines, senior supervisor at ESP Catering in Sydney, praised the flavour of Vietnamese chilli sauce and soy sauce as well as the attractive packaging of confectionery products.
Experts noted that supply chain optimisation and risk management are no longer isolated tasks for individual companies but a requirement for the entire export ecosystem. With guidance from regulators, support from industry experts and their own efforts, Vietnamese exporters are expected to enhance their competitiveness and turn technical barriers and market volatility into opportunities for sustainable growth in global markets.
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