The tourism and entertainment stock group saw a hike after the Chinese Government has decided to add Vietnam into the list of the countries to which China’s group tours can be conducted starting from March 15.

The Chinese Government has decided to add Vietnam into the list of countries to which China’s group tours can be conducted starting from March 15, according to Peng Shituan, Cultural Counselor of the Chinese Embassy in Vietnam.

Salangane nest exporters in Vietnam can earn $200-300 million a year. China has signed a protocol on full-tax export of the expensive salangane nests to its market.

The General Department of Customs of China has granted an additional 163 growing area codes and 67 packaging facility codes to Vietnamese durian, according to details given by the Ministry of Agriculture and Rural Development.

China became the largest consumer of Vietnamese agricultural products in January-February 2023, surpassing the US, as it spent up to 1.27 billion USD to import up to 20.2% of the total export value of Vietnam’s agricultural products.

Vietnam’s provinces see great opportunities for full-tax export of fresh bananas to the Chinese market after the protocol on phytosanitary requirements was signed in November 2022.

Vietnamese airlines have to temporarily postpone the resumption of air routes to China until late April or May to wait for China’s next decisions about the allowance of its tourists to Vietnam.

A Chinese trader has imported 500 containers of tra fish weighing 12,000 tonnes from Vietnam right after China’s lifting of its zero-COVID policy, showing a positive signal for the sector this year.

China, which spends $260 billion to import farm produce, has become as selective as the US and Japan.

The Ministry of Culture, Sports and Tourism (MCST) of Vietnam has sent a document to the Ministry of Culture and Tourism of China, proposing adding Vietnam to the list of countries where China is resuming outbound tours.

The Ministry of Culture, Sports and Tourism has proposed China resume outbound travel tours to Vietnam to improve and recover tourism between the two countries.

The first consignment of Dien pomelo from Yen Thuy in Hoa Binh has reached the UK, while farm exports to China have picked up again.

Currently, only 22 Vietnamese enterprises are licensed to export rice to China with a certain quota.

China was Vietnam’s only trading partner to have an import and export turnover reaching more than US$10 billion in January, according to the General Department of Vietnam Customs.

China’s reopening of borders after nearly three years of lockdowns to combat the COVID-19 pandemic is good news for Viet Nam to increase the export of agricultural products.

Cuong warned that widespread betel cultivation could lead to an oversupply crisis and emphasised the importance of keeping abreast of market trends.

Travel firms and airlines are preparing to receive Chinese travelers, but the absence of Vietnam on the list of 20 tourism markets with which China will resume cooperation has caused concern.

In January 2023, catfish exports brought $106.8 million to Vietnam, a 50 percent fall compared with the same period last year. However, Vietnamese farmers and exporters now see positive signs from the US and China.

The recovery of exports to China will contribute to boosting Vietnam's fruit and vegetable industry in 2023.

Vegetable and fruit export turnover is expected to set a new record in 2023.