Vietnamese businesses had 320 codes of agricultural and food products licensed to be exported to China as of 11am on December 24, according to the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).
The Vietnamese Ministry of Industry and Trade and the Chinese Ministry of Commerce have signed memorandum of understanding (MoU) on the establishment of a Working Group on Vietnam-China Trade Facilitation and the bilateral cooperation plan in the 2021-2025 period.
The China-ASEAN Expo (CAEXPO), an initiative of China that win support of ASEAN countries, has become an important multilateral cooperative event, contributing to promoting the ASEAN-China free trade area, a Vietnamese official said.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien has asked for concerted efforts by Vietnamese authorities and Chinese diplomats to remove barriers to Vietnam’s agricultural exports to China during a virtual meeting.
Vietnam and China has signed a memorandum of understanding on cooperation in agriculture and fruit sale, expected to facilitate farm produce trading amid difficulties caused by the COVID-19 pandemic.
Over the past years, the northern province of Quang Ninh has been working to gradually establish itself as a “gateway” for cross-border trade between Vietnam and China, thus contributing to bilateral economic ties.
Despite the COVID-19 pandemic, the development trend in Vietnam - China relations have still been sustained, according to Vietnamese Ambassador to China Pham Sao Mai.
If Vietnam and China can further optimise their neighbourliness as well as the huge trade potential under the EU-Vietnam Free Trade Agreement (EVFTA), bilateral trade will reach a new height, an official said at an online business matching event on December 17.
The 20th Vietnam-China border economic and trade fair kicked off at the Kim Thanh Exhibition and Convention Centre in the northern mountainous province of Lao Cai and the Hekou International Exhibition Centre in China’s Yunnan province on December 12.
Twenty-one exporters of Vietnam and nearly 20 importers from China’s Shanghai city gathered at an online business matching event on September 24 to seek to promote bilateral fruit trading which is believed to hold much room to grow.
Trade between Vietnam and China has produced positive results, despite long-lasting difficulties caused by the COVID-19 pandemic, with Vietnam affirming its position as China’s largest trade partner in ASEAN.
China is currently Vietnam’s largest import source and second-largest export market, while Vietnam is its northern neighbour’s eighth-largest trade partner. China is also the first trade partner of Vietnam to surpass the 100 billion USD milestone.
Vietnam and China should extend the working hours for customs clearance at border gates and restore cross-border trade at markets along the border, Le Hoang Oanh, Director of the Ministry of Industry and Trade (MoIT)’s Asia-Africa Market Department, told an online meeting on August 13.
Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on June 12 for leaders of Chinese businesses which are investing in the fields of garment and textile, high-quality fibre, engine components and automobile tyres in Vietnam.
China remains the largest buyer of Vietnam’s agricultural products, so Vietnamese businesses are making preparations to boost exports to this market when it recovers after the COVID-19 pandemic.
The fisheries sector of Vietnam is facing an array of difficulties as the acute respiratory disease caused by the novel coronavirus (COVID-19) has led to contracted exports.
The outbreak of the 2019 novel coronavirus (2019-nCoV) has affected Vietnam’s trade with not only China but also other markets, said Deputy Minister of Industry and Trade Do Thang Hai.
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