Vietnamese farm produce favoured in China
Hanoi (VNA) - Vietnamese food and farm produce have gained popularity in the Chinese market thanks to their quality and improved supplies, said deputy head of
the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE) Le
Hoang 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-way
trade hit 28.8 billion USD, up 24.6 percent annually despite COVID-19 pandemic.
He said there remains room to boost
export of farm produce to China and Guangdong in particular given the huge
demand.
The Trade Consul at the Vietnamese Consulate
General in Guangzhou Nguyen Duy Phu said Guangdong has a population of about
120 million people, a gross domestic product of nearly 1.6 trillion
USD 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 and
Guangdong reached 41 billion USD in 2020, or 20-21 percent of total trade
between the two nations. Of the figure, Vietnam’s exports were worth 21 billion USD.
Phu suggested domestic firms seek commercial
trustees as many major partners in Guangdong do not directly import goods but
via trust services, particularly those exporting across the land border./.