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Update news chinese market
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.
Vietnamese enterprises should be cautious before transporting agricultural products to Lao Cai's Kim Thanh II border gate for export to minimise losses although Chinese authorities are piloting the re-import of these products.
After 3 months of suspension due to the Covid-19 epidemic, the temporary pontoon bridge Km3+4 in the city of Mong Cai, Quang Ninh province has been resumed again.
Competent agencies and localities of Vietnam always create favourable conditions for Chinese businesses and traders to buy the fruit in Bac Giang, Foreign Ministry spokeswoman Le Thi Thu Hang said.
The prices of many fruits have increased sharply these days as China, the biggest consumer, has begun increasing imports.
More than 100 Chinese dealers have been permitted to enter and purchase lychees in Luc Ngan district of Bac Giang province which is noted for lychee growing in Vietnam.
Fruit exports have sharply decreased in number, while imports have soared. Farmers are now finding it difficult to sell products.