Vietnamplus

Vietnam and China are going to hold several teleconferences in the next few days to promote the trade of agricultural products and specialties.

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.

If the 2019 novel coronavirus (2019-nCoV) epidemic lingers, production, trade and State budget revenue will be greatly affected, according to the Ministry of Finance (MoF).

Deputy Prime Minister Vuong Dinh Hue has asked for the continuation of trade with China amid tightened control of activities at border gates and border crossings to fight the acute respiratory disease caused by the 2019 novel coronavirus (2019-nCoV).

Vietnam’s trade with China last month reached 8.29 billion USD, a year-on-year decline of 11.8 percent, according to the General Department of Vietnam Customs.

The Vietnam-China international trade and tourism fair opened in Mong Cai city of the northern border province of Quang Ninh on December 1, attracting more than 700 delegates.

Vietnam exported 42,199 tonnes of cashew nuts worth 327 million USD to China in the first eight months of 2019, up 60.8 percent in volume and 35.4 percent in value year-on-year, according to the Ministry of Industry and Trade.

Chinese-based Ruili Airlines on September 30 opened a route between Vietnam’s northern port city of Hai Phong and Kunming city in China’s Yunnan province.

As China is a lucrative market for Vietnamese exporters, meeting its import standards is important for the Southeast Asian country to capture larger market share, according to the insiders.

The northwestern mountainous province of Lao Cai, known for its picturesque mountains, rivers, waterfalls and rich culture of ethnic hill tribes, welcomed nearly 500,000 visitors each month in the first half of 2019.

A conference on economic cooperation between Vietnamese firms and their peers from China’s Shandong province took place in Hanoi on May 27.

To gain a larger market share in China, aquatic product exporters of Vietnam have been urged to target restaurants and hotels.

Economic and trade relations between Vietnam and China have been developing in a positive direction, as shown by the continuous increase of bilateral trade turnover between the two countries. Vietnam is fast becoming an attractive investment destination for Chinese enterprises.

Prime Minister Nguyen Xuan Phuc hosted a reception for Secretary of the Party Committee of Guangxi Zhuang Autonomous Region of China Lu Xinshe in Hanoi on March 19.

Unofficial exports over the border to China will face technical barriers since the two nations have agreed to limit them and increase official exports, heard a recent seminar in Ho Chi Minh City.

A Vietnam-China trade promotion forum was held in Hanoi on December 20 to seek ways to further boost economic cooperation, trade and investment between the two countries in the future.

Exports to China have surged in recent years, with the trend forecast to continue, so Vietnamese enterprises have been urged to keep tabs on the huge market.

Improved infrastructure and simplified administrative procedures have helped border gates economic zones become the spotlights in attracting a large amount of goods through the border gates.