According to the Vietnam Trade Office in Beijing, China said that China is currently Vietnam’s largest trading partner, largest import market, and also Vietnam’s second largest export market. South, after America. Vietnam continues to be China’s largest trading partner in ASEAN, China’s 8th largest trading partner in the world.
The scale and structure of trade between the two sides is shifting positively. The two countries have many similarities in culture, customs, geographical location, and transportation infrastructure and technical facilities. The technical and policy environment is also very favorable. In the future, China will continue to be the import-export market and largest partner in trade, investment and tourism of Vietnam. Therefore, activities to promote employment and boost exports to this market are always of special interest.
China is currently the largest export market for Vietnamese agricultural products. In 2023, the most prominent product group is fruits and vegetables. China currently accounts for nearly 54% of Vietnam’s total fruit and vegetable export value; including up to 90% of exported lychee output and 80% of exported dragon fruit output. In 2023, durian exports to China alone will reach 2.3 billion USD. In addition, China is also the market that consumes more than 90% of Vietnam’s cassava production and products processed from cassava; more than 70% of rubber output is exported and is Vietnam’s third largest seafood export market. “In 2023, durian exports to the Chinese market will record strong growth. With the success of durian, other fruits with our strengths can achieve better results in 2024.” and the following years”, the representative of the Vietnam Trade Office in Beijing expected.
Mr. Le Thanh Hoa, Deputy Director, Department of Quality, Processing and Development of Agricultural Products, Ministry of Agriculture and Rural Development (MARD) assessed that agricultural exports to China will grow strongly in 2023 with an increase growing 18% over the same period last year thanks to many protocols between Vietnam and China signed in 2022, helping many types of agricultural products to be officially exported to this market. Along with that, China abolished the Zero COVID policy, making the process of customs clearance for import and export of goods faster and more convenient.
“The Ministry of Agriculture and Rural Development is actively coordinating with the General Administration of Customs of China (GACC) to urgently complete market opening documents for 6 products: citrus fruits (grapefruit, oranges, tangerines…), coconuts, and durians. Particularly frozen, chili, medicinal herbs and wild-caught seafood. When these 6 items are officially exported, it will create billions of dollars of revenue growth for the agricultural industry,” Mr. Hoa emphasized.
To conquer the market, Mr. Hoa believes that food safety and hygiene must be managed well. Farmers and businesses need to comply and meet the food safety standards of the imported market. Currently, the Ministry of Agriculture and Rural Development coordinates with the Ministry of Industry and Trade to implement many measures to improve product quality to meet import requirements, thereby maintaining and gradually expanding export market share in this market. Specifically, regularly update information on market demand and Chinese regulations on quality standards, food safety, and disease safety.
For sustainable export, Mr. Hoa wants to receive information from Counselors, localities, and businesses to have recommendations and suggestions close to the real needs of the market. Accordingly, people and businesses update and better meet the requirements of the market and domestic people. Effective connection will increase exports, bringing Vietnamese agricultural products, especially OCOP products, further, penetrating markets around the world. Currently, large supermarkets have a counter to introduce Vietnamese agricultural products and OCOP products.