Lao Cai province in Viet Nam will host this year’s annual rotating event with the participation of 250 pavilions for companies, from a total of 700.
Beyond promoting the commercial development of the two nations, the meeting evidences a political interest to show that Vietnam and China build a healthy and multifaceted relationship.
The largest commercial festival between Lao Cai and He Kou, district of Yunnan province, China, achieved in 2009 a total of 14 contracts for 114 million USD.
This year, the Vietnamese side hopes to achieve an increase of 25 percent compared to the same period last year.
Vietnam and China make progress in the joint demarcation of their land borders and work to solve through dialogue their dispute in the East China Sea, the cause of recent diplomatic frictions.
However, the highest political, governmental, and military authorities in Vietnam highlighted the contribution of the outgoing Ambassador of China, Sun Guoxiang, to the improvement of strategic ties.
In trade, both nations favor the recent Free Trade Agreement between the Asian giant and the Association of Southeast Asian Nations (Asean).