Different types of Vietnamese fruit (Source: VNA) ITPC Director Tran Phu Lu said Vietnam’s main exports to the market are processing, manufacturing, agro-fishery goods, adding that the nations have secured a host of bilateral and multilateral cooperation pacts, including the ASEAN–China Free Trade Area (ACFTA) and the Regional Comprehensive Economic Partnership (RCEP).
Luong Van Tai, a trade attaché from the office, informed the seminar that Vietnam currently ranks 10th among the countries exporting farm produce to China, with its turnover from such shipments to the market exceeding 6 billion USD last year but only accounting for about 2.6% of China's total agricultural import value.
Vietnam is also China’s 3rd biggest exporter of fruits and vegetables, following Thailand and Chile, Tai said, noting that the market’s demand for tropical fruits is large and grow annually.
He advised Vietnamese exporters to carefully study requirements from China, which is lifting its tariff barriers but tightening its technical specifications, food safety and quarantine standards and using anti-dumping measures frequently.
Sharing his export experience involving the Chinese market, Chairman of 365 Group Dinh Vinh Cuong said experts consider China the largest destination for Vietnamese agricultural products given global inflation, due to its surging demand, close geographical proximity, and lower logistics costs and risks compared to other markets.
So far, Vietnam has officially exported 13 key agricultural products to China.
In order to turn the exports into an opportunity to increase market share, Cuong suggested developing a strategic plan for the industry, as well as building brands and large-scale specialised production and concentrated farming areas based on market signals.
It is also important to devise a logistics strategy and establish agricultural product storage facilities in border localities, he added./.
Sharing his export experience involving the Chinese market, Chairman of 365 Group Dinh Vinh Cuong said experts consider China the largest destination for Vietnamese agricultural products given global inflation, due to its surging demand, close geographical proximity, and lower logistics costs and risks compared to other markets.
So far, Vietnam has officially exported 13 key agricultural products to China.
In order to turn the exports into an opportunity to increase market share, Cuong suggested developing a strategic plan for the industry, as well as building brands and large-scale specialised production and concentrated farming areas based on market signals.
It is also important to devise a logistics strategy and establish agricultural product storage facilities in border localities, he added./.
VNA
