The total import and export of agricultural products between Vietnam and China exceeds US$9.8 billion

13.01.2021

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On October 27, 2020 at the International Conference to exchange information on import and export control regulations for the Vietnam – China fruit and vegetable market (held in Ho Chi Minh City)Agricultural Products Processing and Market Development Department (The Ministry of Agriculture and Rural Development of Vietnam) has provided the above information.

 

 

In recent years, the trade in agricultural products between Vietnam and China has seen a positive development, however, due to the impact of the COVID-19 epidemic, the total export and import turnover of agricultural products between Vietnam and China in the first 9 months of the year only exceeded 9.8 billion USD, down by 8.6% compared to the same period last year. Most of main agricultural products Vietnam to China have decreased, in particular, the export turnover of vegetables and fruits was only 1.4 billion USD, down 25.9%.

In addition to being affected by the COVID-19 epidemic, Vietnam’s fruit and vegetable exports to the Chinese market also face many challenges such as the process of technical exchange to open the market for fruits and vegetables, risk assessment is often stagnant, the official channels of developing products for export to the Chinese market are still limited, China takes this official development direction as a main one and is constantly changing managing border trade activities policies in a flexible way.

First Secretary of the Chinese Embassy in Ho Chi Minh City, Mr. Ly Kien Luong said that Vietnamese fruit and vegetable export enterprises have the ability to adapt quickly and develop stably. Most of vegetables and fruits exported to China are maintained. However, China Customs said that there are still problems in registering growing areas, managing packing facilities, checking and tracing the origin of Vietnam’s exported fruits and vegetables.

During the seminar, leaders of the two countries focused on popularizing to local departments and mass organizations the changes in policies, new regulations and Chinese’s quality control measures. From there, improve the administrative capacity to ensure with the rules of the two countries’ markets, promote the export of agricultural products.

This also helps Vietnamese and Chinese enterprises to promote investment cooperation, ensure product quality and safety standards in accordance with the rules of the Chinese market in the manufacturing supply chain. For the mutual benefit of the two countries and the development of a stable and sustainable consumption market for agricultural products, the Vietnam construction securities industry has provided a reminder to investors. Although Vietnam is a leading market, however, investors should pay attention to controlling investment risks while choosing stocks carefully.

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