- © Copyright of Vietnamnet Global.
- Tel: 024 3772 7988 Fax: (024) 37722734
- Email: evnn@vietnamnet.vn
Update news chinese market
Vietnam-China relations in the past were based mostly on trade and construction bids. What will be important for the new period?
China is expected to stay the largest export market for Vietnamese pangasius this whole year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Up to 90,000 tonnes of fresh Vietnamese durian will be put for sale at Chinese retail supermarkets by import partners in the near future, according to a contract signed on November 14 between Vina T&T Group and Sunwah Group of Hong Kong’s (China).
China is greatly interested in strengthening strategic development ties with Vietnam, improve connectivity between the two countries and build a sustainable supply chain.
Data from the Ministry of Industry and Trade shows the US and China are the two largest trading partners of Vietnam.
Bilateral trade between Vietnam and China amounted to US$148 billion between January and October, according to the Vietnam General Statistics Office.
Vietnamese competent agencies are in the process of accelerating negotiations with China as they seek a way to open the market to many of strong Vietnamese products.
China replaced the US to become Vietnam’s largest importer of fishery products in September this year with trade valued at USD 146.30 million.
Vietnam’s first 100 tons of durian on September 17 were shipped from Dak Lak to China, the world’s largest durian consumption market.
The proportion of glutinous rice in total rice exports to China has fallen from 74 percent to 48 percent.
China is no longer a major export market for Vietnamese-made steel, as revenue from steel shipments to the northern neighbor has plummeted, the General Department of Vietnam Customs reported.
Export companies have been warned that if they commit trade fraud, farm produce to China will be blocked.
Vietnam has found a way to export durian to China. But Chinese know only Thailand’s Monthong and Malaysia’s Musang King durian.
According to VASEP, consumer demand for seafood in the Chinese market is increasing but domestic seafood supply is facing a shortage, which has led to an increase in seafood imports in recent years.
As the second-largest coffee exporter in the world, Vietnam is more than well equipped to represent a major supplier of China’s current and future demand for coffee.
Due to the sluggish import and export activities for the past few days, the northern province of Lao Cai has reported around 1,000 trucks got stuck at the Lao Cai International Border Gate on August 22.
Vietnamese are no longer turning their back on Chinese fruits but are queueing up to buy more imported fruit.
Nguyen Van Hoi, Director of the Institute of Industrial Strategy and Policy Research, Ministry of Industry and Trade, spoke about the border trade activities after the pandemic was controlled.
The General Administration of Customs (GAC) of China has just approved the pilot import of Vietnamese passion fruits from July 1, according to the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).
As China cuts down on its purchase of rubber from Vietnam, the latter has witnessed a sharp decline in its rubber market share in China.