logo
Linyi Goods at Vietnam Expo Boost Sino-Viet Trade Ties

Linyi Goods at Vietnam Expo Boost Sino-Viet Trade Ties

Malay Mail6 days ago
HO CHI MINH, VIETNAM - Media OutReach Newswire - 19 July 2025 - The China Factory Products Export Fair 2025 was held in Ho Chi Minh City, Vietnam from July 12 to 14. Hundreds of original manufacturers from places like Shandong province's Linyi city displayed thousands of products ranging from daily necessities, office supplies, chemical products, and outdoor equipment to hardware tools.This fair adopted a collaborative format, featuring segmented exhibition zones. With over 70 booths designated for the Chinese factory exhibition area, the event also hosted various online and offline activities. Additionally, 200 renowned Vietnamese and neighboring region brands and enterprises were invited to exhibit and participate, all aimed at facilitating market expansion for Vietnamese local and international exhibitors.The exhibition drew large crowds, with numerous Vietnamese buyers and citizens praising the high-quality products and affordable prices of "Made in Linyi".As a significant exhibitor at this expo, Linyi companies took advantage of direct supply from source factories to offer a wide range of high-quality product selections to the Vietnamese market. This not only met the diverse demands of the Vietnamese market but also established a direct bridge for Chinese and Vietnamese enterprises, promoting deep cooperation and exchange in trade between the two sides.Looking back at 2024, Linyi achieved remarkable results in foreign trade, demonstrating distinctive development trends in trade relations with Vietnam and other Association of Southeast Asian Nations (ASEAN) countries.Regarding trade with Vietnam, bilateral trade continued to steadily expand, with the total import and export volume reaching 4.77 billion yuan ($664.97 million). The trade structure between the two sides showed significant complementary features, with Linyi mainly exporting products such as wood veneer, plywood, and hand tools to Vietnam, while importing aluminum alloys, chemical raw materials, and natural rubber latex.Expanding the perspective to the entire ASEAN region, Linyi saw robust growth in imports and exports with ASEAN in 2024, with a total trade volume reaching 40.15 billion yuan, representing a 16.2 percent year-on-year increase.Looking ahead, Linyi will further deepen economic and trade exchanges with Vietnam and ASEAN countries, expand cooperation fields, elevate the level of cooperation, and achieve mutual benefit, win-win cooperation, and common development.Hashtag: #Linyi
The issuer is solely responsible for the content of this announcement.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Perak one of M'sia's top durian-producing states last year, says MB
Perak one of M'sia's top durian-producing states last year, says MB

Free Malaysia Today

time7 hours ago

  • Free Malaysia Today

Perak one of M'sia's top durian-producing states last year, says MB

Perak menteri besar Saarani Mohmad said the state is focusing on widening access to its premium kampung durians through branding strategies. (Bernama pic) PETALING JAYA : Perak has emerged as one of the leading durian-producing states in Malaysia, with a production volume of 59,217.3 tonnes worth RM462.28 million in 2024. Menteri besar Saarani Mohamad lauded this as proof of Perak's capability in the durian export market. Saarani said Malaysia exported durians produced in Perak to more than 40 countries between 2017 and 2023, with 73% of the export value concentrated in China. 'In 2022, Malaysia's durian export value reached RM1.14 billion, including RM887 million to China. 'Demand for varieties such as Musang King, Black Thorn, D24, IOI, and premium kampung durians from Perak continues to rise,' Bernama reported him as saying at the closing ceremony of the 2025 Perak Durian Fest at Dataran Selama today. He said Malaysia's durian export value is expected to reach RM1.8 billion by 2030, with an annual growth rate of 20% to 25%. Saarani said Perak's current focus is on widening access to premium kampung durians through branding strategies, quality certification and digital marketing. 'Durians from Perak are also in demand in Singapore, Hong Kong, the US and Australia, with the price of kampung durians from Malaysia reaching RM29 per 600g and Musang King durians being sold for up to RM400 per 2.5kg. 'Some local entrepreneurs are aggressively promoting durian-based products like durian chocolates, durian coffee, durian cakes, instant tempoyak sambal and durian ice cream in markets like China,' he said.

Ringgit ends higher on Malaysia-US trade deal optimism
Ringgit ends higher on Malaysia-US trade deal optimism

Free Malaysia Today

time7 hours ago

  • Free Malaysia Today

Ringgit ends higher on Malaysia-US trade deal optimism

KUALA LUMPUR : The ringgit ended higher against the US dollar, buoyed by optimism that Malaysia could secure more favourable trade negotiations with the US, said an analyst. The local currency has traded higher versus the US dollar for the fifth consecutive day. Investment, trade and industry minister Tengku Zafrul Aziz said Malaysia is actively engaging in discussions with the US over the impending 25% tariff rate set to take effect on Aug 1, aiming to secure a rate below 20%. SPI Asset Management managing partner Stephen Innes said regional tailwinds further lifted sentiment after US president Donald Trump concluded a trade deal with Japan on Tuesday, which included reducing tariffs on the import of Japanese goods into the US to 15% from 25%. 'These developments are fuelling hopes that Washington's broader tariff strategy is shifting from confrontation to compromise. 'Against this backdrop, investors see Malaysia as a likely beneficiary of the next wave of bilateral deals,' he told Bernama. Innes added that the ringgit's recent gains may signal its potential to benefit from improved trade conditions following the US-Japan agreement. At 6pm, the ringgit rose to 4.2135/4.2210 against the greenback from yesterday's close of 4.2255/4.2300. At the close, the ringgit was higher against a basket of major currencies. It advanced against the Japanese yen to 2.8751/2.8804 from 2.8837/2.8870, rose against the British pound to 5.7080/5.7182 from 5.7230/5.7291, and inched up against the euro to 4.9517/4.9605 from 4.9586/4.9639. The local currency was firmer against regional peers, except the Philippine peso. It increased vis-à-vis the Singapore dollar to 3.2995/3.3057 from 3.3071/3.3109, appreciated against the Thai baht to 13.0570/13.0863 from 13.1370/13.1567, and improved versus the Indonesian rupiah to 258.5/259.1 from 259.1/259.5. However, the local currency traded slightly lower against the Philippine peso, at 7.43/7.45, compared to 7.42/7.44 at yesterday's close.

Tiktok Shop records over 100mil product searches daily in M'sia
Tiktok Shop records over 100mil product searches daily in M'sia

Free Malaysia Today

time7 hours ago

  • Free Malaysia Today

Tiktok Shop records over 100mil product searches daily in M'sia

Zason Wu, Country Head, TikTok Shop Malaysia addressed the crowd at the TikTok Shop today. Summit today. (TikTok Shop pic) KUALA LUMPUR : Malaysia's trusted e-commerce platform, Malaysia's trusted e-commerce platform, TikTok Shop , revealed today that it recorded a strong trend of over 100 million general product searches daily by local online shoppers. This milestone was shared at its largest industry engagement event of the year, TikTok Shop Summit. TikTok Shop Malaysia's Director of Strategic Partnerships, Nur Azre Abdul Aziz, shared: 'As consumer confidence deepened, we have observed a growing trend of shoppers using TikTok Shop for both discovery and deliberate shopping. 'Our full-funnel e-commerce ecosystem is uniquely positioned to help creators and businesses of all sizes, especially local MSMEs and homegrown brands, connect with a nationwide community through Shoppertainment at scale. She added that TikTok Shop remained committed to accelerating Malaysia's digital economic growth by fostering an inclusive ecosystem that empowered entrepreneurs with accessible solutions. Fostering an inclusive ecosystem through accessible solutions At the TikTok Shop Summit, thousands of local businesses, creators, and ecosystem partners gathered to learn, collaborate, and pioneer the future of e-commerce in Malaysia. Attendees gained first-hand insights on optimising growth through the latest solutions introduced by TikTok Shop, including the GMV Max automation tool, Affiliate Creatives for Ads (ACA) feature, Opportunity Center functions, New Arrival Discount promotions, Product Data Synchronisation tool, Affiliate Link feature, and the Star Creator badge. Accelerating digital economic growth by elevating experience The platform has also elevated the online shopping experience for its community by providing 30-Day Free Returns on TikTok Shop Mall, offering more flexible payment options via TikTok PayLater, and piloting Next-Day Delivery for select locations in Klang Valley, Johor, and Penang. Since introducing TikTok PayLater in Malaysia, sellers have been able to provide more accessible products responsibly for approved customers, through personalised spending limits and robust affordability assessments. TikTok Shop's holistic efforts to strengthen its ecosystem to support shoppers, sellers, and creators have resulted in consistent upward momentum for the local e-commerce industry. This can be seen with the over 140% year-on-year (YoY) sales uplift during the recent 6.6 Sale in June, over 100% YoY sales uplift across the Ramadan and Raya festivities in March, as well as over 90% YoY sales uplift during the CNY Huat Sale in January, on TikTok Shop in Malaysia. Gearing up for what's next Local businesses are encouraged to leverage the vast tools and resources offered by TikTok Shop, alongside the learnings from TikTok Shop Summit to create and capture shoppable moments, especially in the coming year-end mega sales season. Malaysian online shoppers can look forward to 2x more platform discount vouchers from TikTok Shop this year-end, whereas brands on TikTok Shop Mall will also enjoy 2x more platform support in the second half of 2025. Aspiring entrepreneurs, local MSMEs, and homegrown brands aiming to turbo-boost their business growth can register at TikTok Shop Seller Center and explore the step-by-step tutorials at TikTok Shop Academy.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store