Business

Chinese firms interested in purchasing bulk Vietnamese farm produce

The China Business Association in Ho Chi Minh City has expressed its interest in being a bridge for home firms to import farm produce in bulk from the Mekong Delta city of Can Tho, its President Miao Ren Lai told Can Tho authorities in a working session on June 17.
The China Business Association in Ho Chi Minh City has expressed itsinterest in being a bridge for home firms to import farm produce in bulkfrom the Mekong Delta city of Can Tho, its President Miao Ren Lai toldCan Tho authorities in a working session on June 17.

China consumes a major volume of farm produce from Vietnam and theMekong Delta in particular, especially fruit. However, most transactionsare made cross-border putting Vietnamese farmers at risk, includingprice loss and contract violations.

For the Chineseside, imported farm produce through cross-border channels have failedto meet Global GAP or origin certifications, leading to hesitantconsumers.

To address the problem, Miao urgedmunicipal authorities to facilitate Chinese investment in the locality,making it easier for the two sides to sign high-value trade contractsvia formal channels.

Chairman of the municipalPeople’s Committee Le Hung Dung said there are only three Chinesebusinesses operating in Can Tho, a modest figure compared to bilateraleconomic potentials.

Besides farm produce, he also proposed cooperation in garment and transport infrastructure.

Can Tho is building three hi-tech agriculture complexes in Co Do andThoi Lai districts at a total cost of 44.1 million USD, he added.-VNA
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