Workshop seeks to boost exports to China

 

Hanoi (VNA) – A workshop was held in Hanoi on November 9 to promote exports to China and draw Chinese investment into Vietnam.

The workshop updated domestic exporters on information on China’s markets as well as business opportunities, according to Deputy Director of the Vietnam Trade Promotion Agency (Vietrade) Do Kim Lang.

Head of the Vietrade Office in China’s Chongqing city Dao Viet Anh highlighted advantages for promoting trade exchange between the two countries, saying that China has a huge demand for Vietnamese agri-forestry-fishery products such as rice, cassava, rubber, fruits, tea, shrimp and catfish.

However, Vietnamese enterprises encountered numerous obstacles to export goods to the Chinese market such as tariff, quarantine, and lack of information, Anh said, adding that they should work closely with relevant Vietnamese agencies in trading with Chinese partners.

Anh suggested enterprises study further Chinese regulations and requirements on imports as well as tastes of Chinese consumers, while actively joining trade promotion events to expand their markets.

According to the General Department of Vietnam Customs, trade value between Vietnam and China reached 66.6 billion USD in 2015, up 13.4 percent from 2014. Vietnam exported 17.1 billion USD worth of goods and imported 49.5 billion USD worth of goods, up 14.8 percent and 13.3 percent, respectively.

Vietnam had by the end of July become the biggest trade partner of China in ASEAN, with a total trade value hitting 52.26 billion USD, down 1.3 percent from the same period last year.

Meanwhile, China exported 33.52 billion USD worth of goods to Vietnam, a 7.9 percent increase on year, and imported 18.74 billion USD worth of goods from Vietnam, a year-on-year increase of 13.1 percent.

The workshop event was organised by Vietrade in collaboration with its office in Chongqing city.-VNA