A street fruit vendor in Hong Kong (China). (Photo: VNA) Last year, Vietnam’s export of agricultural and aquaticproducts alone advanced 3.08 percent to near 310 million USD.Vegetables and fruits recorded the highest growth of 32.94 percent, followed byaquatic products (7.71 percent), cashew nut (7.32 percent), and rice (0.53percent), according to the Vietnamese trade office in Hong Kong and Macau.
The office suggested that Vietnamese enterprises can enjoyvarious benefits when exporting to Hong Kong since it is an open market whichis close to Vietnam and has no tariffs on imports. Plus, the market is amajor importer of food and foodstuff and Hong Kong consumers have similar tasteand behaviour as Vietnamese, providing a good chance for the Vietnamese firms,it added.
However, Hong Kong adopts high food safety standards and verystrict rules on labeling, the office noted, adding that the competition is alsovery fierce.
Nguyen Ngoc Ha, Director of Hong Kong-based Viet KwongBusiness Development Company, said exporting to Hong Kong will give firms a “greencard” to enter other foreign markets, even the demanding ones.
She anticipated that as Hong Kong sets to reopen its marketthis August after months of closure due to COVID-19, demand for importswill be on a rise./.
VNA
