Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien and Chinese Ambassador to Vietnam Xiong Bo agreed to facilitate bilateral export-import activitiesduring their meeting in Hanoi on May 25.
Accordingly, both sides agreed to open the market for Vietnam’sfarm produce, exempt Vietnam’s farm produce, aquatic products and frozen foodfrom SARS-CoV-2 testing, reopen border gates and markets,and support business connectivity activities.
Minister Dien suggested China facilitate the import of Vietnamese fruits and farm produce, particularly lychee, longan andmango from Bac Giang, Hai Duong, Son La and other localities.
Expressing willingness to work closely with the VietnameseMinistry of Industry and Trade, the Chinese ambassador said both sides should improvethe quality of economic-trade cooperation and stabilise supply chains betweenthe two economies in accordance with common perceptions reached by the two nations’ leaders
According to the General Department of Vietnam Customs, two-waytrade between Vietnam and China reached 133.09 billion USD last year, up 13.82 percent from 2019. Ofwhich, Vietnam's export to China rose by 17.95 percent to 48.9 billion USD while import from China hit 84.18 billion USD, up 11.55 percent.
China remained the largest trade partner, largest export market and thesecond largest importer of Vietnam.
In the first four months of this year, two-way trade hit 50.21 billion USD,up 43.04 percent. Of the figure, 16.29 billion USD was from Vietnam's exports, up 28.04 percentwhile the remaining was from imports, up 51.57 percent year-on-year./.