Producers advised to improve quality of products to fully tap Chinese market

China spent 805 million USD on importing vegetables and fruits from Vietnam in the first four months of 2023, up 29% year-on-year, according to the Vietnam Fruit and Vegetables Association (Vinafruit).
Producers advised to improve quality of products to fully tap Chinese market ảnh 1Illustrative image (Photo: VNA) 
Hanoi (VNA) – China spent 805 million USD on importing vegetables and fruitsfrom Vietnam in the first four months of 2023, up 29% year-on-year, accordingto the Vietnam Fruit and Vegetables Association (Vinafruit).

The associationreported that China led the top five importers of Vietnam's vegetables andfruits with exports to the country accounting for 59% of Vietnam’s total exportvolume.

Dang PhucNguyen, General Secretary of Vinafruit, said that Vietnam’s export revenue inJune set a record so far thanks to China’s opening to many Vietnamese fruitssuch as durian and grapefruit.

Nguyen forecast that the export of vegetables and fruits in the next months, especially to theChinese market, will continue to grow as Vietnam has entered the fruit harvesting season.

Producers advised to improve quality of products to fully tap Chinese market ảnh 2Vietnam’s export revenue in June set a record so far thanks to China’s opening to many Vietnamese fruits such as durian and grapefruit. (Photo: qdnd.vn)
Accordingto the Ministry of Industry and Trade (MoIT), Vietnam’s total import-export turnoverto China in the first five months hit 62.2 billion USD, with Vietnam's exportsto China reaching 19.8 billion USD, down 9.3% compared to the same period last year.

Expertsattributed the reduction to China’s stricter requirements for productstandards and quality.

In thecontext of increasingly fierce competition, to maintain and expand the market sharein the Chinese market, Vietnamese producers and exporters need to swiftly standardisetheir production and business activities and better the quality standards oftheir products to meet the stricter requirements of this market, they said.

Ministerof Industry and Trade Nguyen Hong Dien said China is no longer an easy marketas before, and that this big economy has long been a key exporter of many products.Chinese exports are quite similar to those from Vietnam, posing both advantagesand challenges for Vietnamese goods, he noted.

For betterexports to the market, the minister advised businesses to adapt theirproduction methods towards safety and specific standards, and ensure that theircultivation processes meet traceability requirements.

Insiderssaid that competitive pressure in the Chinese market is increasing as morecountries eye on exploiting and expanding their market share in this country.

Therefore,Vietnamese management agencies, businesses, and industry associations should havea clear understanding of relevant information and implement synchronisedsolutions, focusing on improving the quality of goods and promoting exports viaofficial channels.

Accordingto Luong Van Tai from the Vietnam Trade Office in Beijing, Vietnamese firms exporting vegetables and fruits should explore investment and collaboration opportunitieswith Chinese businesses in the processing of vegetables and fruits, towards increasingthe value of exports and keeping up with the growing trend of the processed fruitand vegetable consumption in recent years./.
VNA

See more

A graphic image of a new terminal of Phu Quoc International Airport (Photo: CPG Consultants)

Sun Group licensed to operate Sun PhuQuoc Airways

Sun PhuQuoc Airways has a total operating duration of 50 years, with an investment capital of 2.5 trillion VND (approximately 98.81 million USD). The airline's main operations hub is located at Van Don International Airport, Van Don district, Quang Ninh province.

Real estate bonds issued from June-December are expected to be worth about 79.77 trillion VND. (Photo: chinhphu.vn)

Real estate bond market rebounds in May

May also witnessed a significant volume of early redemptions. Businesses repurchased bonds worth about 15.86 trillion VND before maturity - an increase of 6.7 % compared to the same period in 2024.

Domestic fuel prices adjusted upward from 3pm on June 12. (Photo: VNA)

Fuel prices continue upward trend on June 12

The price of E5 RON92 petrol is now capped at 19,462 VND (0.75 USD) per litre, up 199 VND from the previous adjustment, while RON95-III costs no more than 19,967 VND per litre, up 269 VND.

Minister of Industry and Trade Nguyen Hong Dien (R) meets with Senator Roger Marshall. (Photo: VNA)

Vietnam ready to further open market for US exports: Minister

Regarding the ongoing negotiations on a Reciprocal Trade Agreement between the two countries, he emphasised that Vietnam remains consistent in its approach to the talks with the US, aiming for a bilateral agreement based on respect for sovereignty, independence, political system, harmonisation and balance of interests, as well as in line with international commitments and the development level of each country.