Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnamese food and farm produce have gained popularity in the Chinese market thanks to their quality and improved supplies, said deputy head ofthe Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) LeHoang Tai.
During a teleconference on farm produce trade between Vietnam and Chinese's Guangdong held by VIETRADE on September 16, Tai described China as among Vietnam’s top important economic partners. In the first seven months of this year, two-waytrade hit 28.8 billion USD, up 24.6 percent annually despite COVID-19 pandemic.
He said there remains room to boostexport of farm produce to China and Guangdong in particular given the hugedemand.
The Trade Consul at the Vietnamese ConsulateGeneral in Guangzhou Nguyen Duy Phu said Guangdong has a population of about120 million people, a gross domestic product of nearly 1.6 trillionUSD and foreign trade turnover of around 1.1 trillion USD in 2020, showing the locality's huge potential as a market for Vietnamese goods.
Two-way trade between Vietnam andGuangdong reached 41 billion USD in 2020, or 20-21 percent of total tradebetween the two nations. Of the figure, Vietnam’s exports were worth 21 billion USD.
Phu suggested domestic firms seek commercialtrustees as many major partners in Guangdong do not directly import goods butvia trust services, particularly those exporting across the land border./.
