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Vietnamese businesses get contracts worth 50 mln USD in Nanning
Vietnamese businesses signed contracts worth an estimated 1 trillion VND (50 million USD) at the freshly-ended China-ASEAN Expo 2010 in Nanning, China ’s Guangxi Zhuang Autonomous Region.
Phan Viet Hien, an Industry and Trade Ministry official in charge of Vietnam’s booth at the seventh China-ASEAN Expo (CAEXPO 2010), announced the figure on Oct. 24, adding that it was 1.5 times over that at last year’s Expo.
By Oct. 23, signed contracts and retail sales by Vietnamese businesses at the Expo were valued at 700 billion VND (35 million USD). Of them, wooden works and fine arts and handicraft products made up 40-50 percent.
Hien said Vietnamese products, including green bean cake and Bien Hoa coffee sold very well at the CAEXPO 2010.
As many 120 Vietnamese businesses, the ever largest number, took part in the CAEXPO 2010, held from Oct. 20-24.
They displayed farm products and processed food, wooden furniture and handicrafts, and introduced projects calling for investment, trade and tourist services.
According to the Ministry, two-way trade between Vietnam and China rose by 20-25 percent in recent years. China is the largest exporter to Vietnam and ranks third among importers of Vietnamese goods.
In the first six months of this year, two-way trade between the two countries reached 11.9 billion USD, of which Vietnam ’s exports rose 45 percent to 2.8 billion USD over the same period last year.
The two-way trade is expected to reach 25 billion USD for the whole year.
vietnamplus
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