More efforts are needed to open up new opportunities in Vietnam-China trade

Mr. Tran Quang Huy, Director of the Asia-Africa Market Department, Ministry of Industry and Trade, said that Vietnam’s exports to China still have great challenges as this market has been and will continue to pose challenges. higher requirements on both export and import standards.

According to this department, bilateral trade will reach 175.6 billion USD by 2022, accounting for about 24% of Vietnam’s total import and export turnover. In the first 5 months of this year, two-way trade turnover reached 61.5 billion USD, down 14.5% over the same period last year. Notably, Vietnam’s exports and imports from China account for 15% and 32.8% of the total export turnover of Vietnam to the world, respectively.

Minister of Industry and Trade Nguyen Hong Dien said that China is no longer an easy market as before and this large economy is still exporting many items. He noted, China’s exports are quite similar to those of Vietnam, creating both advantages and challenges for Vietnamese goods.

In order to better export to the market, the Minister advised businesses to adjust their production methods towards safety and specific standards, and ensure that their farming processes meet the requirements. traceability requirements.

The representative of the Vietnam Trade Office in China suggested that businesses further improve the quality of their goods, strictly implement measures to check food safety, comply with packaging regulations, and enhance the competitiveness of their products. product. It is also necessary to improve the packaging design to better match the consumer tastes of the market.

Mr. Le Quang Trung, Vice Chairman of the Vietnam Logistics Service Enterprise Association, suggested that relevant ministries and branches consider setting up customs clearance centers at Vietnam – China border gates to quickly handle problems. arising during the procedure. In addition, streamlining administrative procedures between customs authorities will help shorten customs clearance times and speed up the circulation of goods, he added.

Facing that situation, Prime Minister Pham Minh Chinh’s official visit to China from June 25-28 is expected to continue to consolidate, expand and improve the effectiveness of relations between the two countries. fields, especially economics and commerce. Bilateral trade will reach 175.6 billion USD in 2022, accounting for about 24% of Vietnam’s total import and export turnover. In the first 5 months of this year, two-way trade turnover reached 61.5 billion USD, down 14.5% over the same period last year. Notably, Vietnam’s exports and imports from China account for 15% and 32.8% of the total export turnover of Vietnam to the world, respectively.

Minister of Industry and Trade Nguyen Hong Dien said that China is no longer an easy market as before and this large economy is still exporting many items. He noted, China’s exports are quite similar to those of Vietnam, creating both advantages and challenges for Vietnamese goods.

In order to better export to the market, the Minister advised businesses to adjust their production methods towards safety and specific standards, and ensure that their farming processes meet the requirements. traceability requirements.

The representative of the Vietnam Trade Office in China suggested that businesses further improve the quality of goods, strictly implement measures to check food safety, comply with packaging regulations, and enhance the competitiveness of their products. product. It is also necessary to improve the packaging design to better suit the consumer tastes of the market.

Mr. Le Quang Trung, Vice Chairman of the Vietnam Logistics Service Enterprise Association, suggested that relevant ministries and branches consider setting up customs clearance centers at Vietnam – China border gates to quickly handle problems. arising during the procedure. In addition, streamlining administrative procedures between customs authorities will help shorten customs clearance times and speed up the circulation of goods, he added.

Faced with that situation, Prime Minister Pham Minh Chinh’s official visit to China from June 25 to 28 is expected to continue consolidating, expanding and improving the effectiveness of relations between the two countries in various fields. sectors, especially economic and trade.

source: Greater efforts needed to open up new opportunities in Vietnam-China trade | Nhan Dan Online