Vietnamese agricultural products have won the taste of Chinese consumers in recent years due to their quality as well as improvement in businesses’ supply capacity, a trade promotion official has said.
Exports to China may bounce back in the time to come thanks to rising demand as the northern neighbour further contains COVID-19, according to the Ministry of Industry and Trade (MoIT).
The 2019 Export Forum was held in Ho Chi Minh City on August 27 to discuss the strengthening of trade promotion to enhance production and exports by city businesses.
The Republic of Korea (RoK) was the largest export market for Vietnamese squid and octopus last year, accounting for 40 percent of the total value, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
The Republic of Korea (RoK)’s exports to 10 members of the Association of Southeast Asian nations (ASEAN) in the first half of 2018 gained 5.9 percent to 48.93 billion USD, making the bloc its second-largest export market.
The Association of Southeast Asian Nations (ASEAN) has become the second largest export market for agricultural and livestock products from the Republic of Korea (RoK) last year as the country's trade with China was hit by a diplomatic row, according to a report by the Korea Rural Economic Institute (KREI).
Vietnam was the third largest export market of the Republic of Korea
(RoK) in the first quarter of this year after China and the US,
according to the Institute for International Trade at the RoK
International Trade Association.
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