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Update news chinese market
In mid-March, when Chinese factories began resuming operation, material supplies to Vietnamese textile and garment enterprises were restored.
Some retailers have reportedto the Ministry of Industry and Trade (MOIT) that there is no more farm produce to rescue. But farmers still complain that their farm produce remains unsalable.
Vietnam's reliance on Chinese materials has been clearly exposed during the Covid-2019 crisis, as imports from China have declined.
Exporters of agricultural products, especially dragon fruit, must improve quality and focus on the domestic and new export markets and reduce their dependence on the Chinese market amid the current epidemic outbreak, experts have said.
Problems have arisen in the first days of the Year of the Rat: the sale of farm produce to China has declined because of the coronavirus.
Vietnam needs to learn from experiences from other regiolnal countries and take appropriate measures to protect domestic production, experts say.
Vietnam expects to see spectacular export growth rate in 2019 despite influences from the US-China trade war, but the government has decided to maintain the same export target for 2020.
Vietnamese dairy products have been officially allowed into the Chinese market, according to a recent statement by the General Administration of Customs of China.
Analysts warn that Vietnam will have to struggle to implement the rice export plan this year because many key markets have tightened control over imports.
Coca-Cola's announcement that it will enter the dairy sector will increase pressure on Vietnamese producers.
Vietnam’s vegetables and fruits are finding it difficult to enter China, but the country continues to import Chinese products in large quantities.
Official reports all show that exports of farm produce have increased sharply since the beginning of the year, but the value is very low.
Vietnam’s businesses have had to change the way of organizing production to satisfy the increasingly high demand from China.
As the biggest wood chip exporter in the world, Vietnam is facing big difficulties.
Instead of continuing to be an easy-to-be-please rice importer, China has been reducing imports, showing its ambition to become an exporter.
Over the last 10 years, rice exports have brought $2-3 billion to Vietnam a year. However, they are facing difficulties in nearly all key markets this year.
It is expected that the average dairy product demand of Vietnamese will increase to 28 liters per annum by 2020.
Many of Vietnam’s agricultural products – especially rice, vegetables and cassava – have faced barriers preventing their export to China, according to the Ministry of Agriculture and Rural Development.
Vietnam’s fruit exports to China in Q1 decreased by 6.3 percent compared with the same period last year. The door to the biggest export market is narrowing.
In an effort to encourage exports in the context of the trade war, the Chinese central bank PBOC has set the yuan/US dollar reference exchange rate at 6.8365 yuan per US dollar, the lowest level since January 2019.