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Update news chinese market
Vietnam’s Ministry of Industry and Trade (MoIT) has announced temporary anti-dumping duties on hot-rolled coil (HRC) steel imported from China, with tariffs ranging from 19.38% to 27.83%.
This sharp decline has had a direct impact on Vietnam’s fruit and vegetable export revenue, which stood at US$416 million in January 2025, marking a 11.3 per cent decrease month-on-month and a 5.2 per cent drop year-on-year.
With the launch of a new route from Ho Chi Minh City to Beijing Daxing International Airport, the total number of weekly flights between Vietnam and China will reach 40, catering to the growing travel demand.
In 2024, China’s purchases soared by 39%, accounting for nearly all of Vietnam’s lobster exports and reshaping the global seafood market.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien has stressed that China is a very important durian market and Vietnamese farmers need to upgrade their cultivation practices to retain the $7 billion market.
About a decade ago, Chinese car brands like Zotye Z8, Beijing X7, and Brilliance V7 entered the Vietnamese market to limited success. But a new fleet of modern Chinese vehicles began to gain traction in the Vietnam market last year.
Vietnam has successfully boosted its durian exports to China. Thailand has launched a special campaign to improve the quality of its durian products to compete with Vietnam in the market.
China continued to be Vietnam’s largest export market for cassava and cassava products in 2024, according to data from the General Department of Customs.
Work on two major automobile manufacturing and assembly plants with Chinese investments will start in northern Thai Binh province in the first half of 2025.
2024 was a bumper year for Vietnam's agricultural sector. Many traditional sectors regained their strength and brought record-high export turnover, while new sectors prepared acceleration.
Following the detection of harmful chemicals in Thailand, Chinese milk grapes remain a staple in Vietnam’s markets, with authorities ensuring compliance with domestic safety standards.