Business

Vietnam, China exchange market management experience

Deputy Minister of Industry and Trade Dang Hoang An held talks with deputy head of the Chinese State Administration for Market Supervision (SAMR) Pu Chun in Hanoi on June 5, during which they exchanged information and experience regarding market management.
Vietnam, China exchange market management experience ảnh 1At the talks (Photo: VNA)
Hanoi (VNA) – Deputy Minister of Industry andTrade Dang Hoang An held talks with deputy head of the Chinese StateAdministration for Market Supervision (SAMR) Pu Chun in Hanoi on June 5, duringwhich they exchanged information and experience regarding market management.

The meeting is expected to mark a start forcooperation between the Vietnamese Ministry of Industry and Trade (MoIT) and theVietnam Directorate of Market Surveillance (DMS), and the SAMR, said An.

Pu Chun, for his part, said the MoIT is the first agency a SAMR leader has visited since its establishment in 2018, expressing hiswillingness and wish to partner with the MoIT and its DMS, especially in foodsafety inspection and management.

Tran Huu Linh, head of the DMS, suggested the twosides increase the exchange of information about counterfeit goods, particularlyfood of unknown origin, and soon sign a memorandum of understanding (MoU) on cooperationbetween the MoIT and the SAMR in order to step up their information exchanges.

Statistics by Vietnamese customs show that trade betweenVietnam and China reached 175.56 billion USD last year, up 5.47% from 2021, ofwhich Vietnam’s exports were value at 57.7 billion USD, up 3.18% and itsimports were 117.8 billion USD, up 6.63%.

Notably, China remained Vietnam’s biggest tradepartner, largest exporter and second biggest buyer, after only the US./.
VNA
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