Chinese companies explore partnership opportunities with Vietnamese counterparts

This vibrant showcase, hosted by China Council for the Promotion of International Trade and organised by China Chamber of International Commerce, is taking pace in Ho Chi Minh City from December 7 to 9.

Covering a total area of 1,200 square metres, the expo features participating companies from Chinese provinces such as Hainan, Hunan, Yunnan, Tianjin, Zhejiang, Hebei, Guangdong, and others.

Renowned enterprises including Alibaba, Strong Power Electric, Haima Automobile, Sinski Vehicle, and Lansheng Light Industrial Products are also exploring the opportunity to engage with their Vietnamese counterparts.

With a wealth of advanced technologies and diverse product offerings spanning electronics, vehicles, agricultural products, intelligent equipment, and more, these exhibitors are poised to showcase the best of China's innovation and capabilities.

For Vietnamese professional businesses, the programme also offers a matchmaking in the afternoon of December 7 to facilitate efficient connections and to foster bilateral economic and trade cooperation.

Vietnamese companies can discover the vast potential for collaboration with Chinese enterprises, which specialise in various products, including automotive and motorcycle components, hardware accessories, electronic components, agricultural raw materials and processing, intelligent home products, and more.

To Ngoc Son, deputy director of the Asia-Africa Market Department under the Ministry of Industry and Trade said, "China has been Vietnam's largest trading partner for 20 consecutive years. Vietnam has maintained its position as China’s largest trading partner in ASEAN and the fourth-largest in the world.

"However, the trading activities of Vietnam, China, and countries within the Mekong-Langcang cooperation framework have slowed down amid the challenging economic environment. In the first 10 months of 2023, trade turnover between Vietnam and China decreased compared to the same period in 2022," he said.

He hopes the expo will create more cooperation opportunities for businesses on both sides, thereby contributing to overcoming the negative impacts of the global and regional economies.

Chinese vehicle makers drive aggressive expansion Chinese carmakers are beefing up their operation in Vietnam with plans to build manufacturing factories.

China reigns as one of Vietnam's largest trading partners and investors Vietnam welcomes significant investment from China across diverse manufacturing segments, including textiles, optics, and telecommunications.

Chinese display maker BOE expands operations in Vietnam with $300 million investment The China-based display maker Beijing Oriental Electronics Group (BOE) is set to invest $300 million in Vietnam's smart terminal project.