Vietnamese agricultural products enjoy bustling export to China
Hanoi (VNA) - Vietnamese agricultural products have enjoyed bustling
export to China since the country reopened its border on January 8.
Increases
in both export volume and value
Exporters have reported a sharp increase in the number of orders
from the Chinese market since the border re-opening.
Vo Tan Loi, Director of Phuong Ngoc Cai Be Ltd Co based in Tien Giang province,
said his company’s orders have risen compared to the time during the COVID-19
pandemic.
“We have planned
to order from growers to sell at full capacity, about 160-200 tonnes of durian
and jackfruit per day,” he said.
Similar to Phuong Ngoc Company, Hoa Cuong Fruit Import-Export
Co., Ltd is also busy buying fruit to meet orders. The company is purchasing
about 1,500-2,500 tonnes of fruit per month to ship to China, much higher than
before.
As Vietnam’s largest agricultural product importer, China
currently imports nearly 10 billion USD worth of agricultural products from
Vietnam each year. Particularly, shipments to China always account for more
than 50% of Vietnam’s total vegetable and fruit export turnover.
According to export businesses, the export of agricultural
products to China is increasing by 30% to 50%.
In particular, since
the Chinese market re-opened, the prices of agricultural products such as
dragon fruit, durian, and jackfruit, have soared significantly. Nguyen Quoc
Trinh, Chairman of Long An Dragon Fruit Association said the price of dragon
fruit rose very sharply, three times higher than during the pandemic.
Not only dragon fruit, but the prices of durian also increased unprecedentedly.
General Secretary of the Vietnam Fruit and Vegetable Association Dang Phuc
Nguyen assessed that Vietnamese agricultural products are being supported from
many sides. After the visit of Party General Secretary Nguyen Phu Trong to
China, in early November 2022, a series of fruit and vegetable export protocols
were signed in favour of Vietnam. In particular, durian and jackfruit are the
groups enjoying the earliest benefit.
Towards sustainable export
It can be seen that the reopening of China has helped the price
of agricultural products increase as the market gradually becomes active again.
But experts said businesses should not be too hasty to return to the market
without careful preparation, because China now has new and quite strict
regulations for imported goods.
Therefore, not only increasing the value of exports, Vietnam
needs to aim at sustainable exports and find ways to retain this important market.
To promote the export of agricultural and aquatic products to
this market of billions of people, Deputy Director of the Asia-Africa Market
Department (Ministry of Industry and Trade) To Ngoc Son recommended that
localities and management agencies should build development strategies and
build brands, in parallel with building production areas and concentrated,
large-scale specialised farming areas, based on market signals.
For businesses, it is necessary to regularly update and comply
with regulations on quality standards, testing, quarantine, packaging, and
traceability of the Chinese market. Along with that, businesses must focus on
branding and brand protection and carefully study the needs and development
trends of the market.
Enterprises also need to take advantage of the Vietnam-China
rail transport route and promote market exploitation through the form of
e-commerce./.