Data from the General Statistics Office, Vietnam’s exports to China reached 49.4 billion USD, the only market with a positive growth rate of 4.7%.
In the 10 months of 2023, many groups of agricultural products, rice, and fruits will take advantage of market opening opportunities and high prices to boost exports and increase export turnover to the Chinese market.
Notably, for fruit and vegetables alone, export turnover to the Chinese market increased by nearly 113% over the same period last year, equivalent to an increase in turnover of nearly 1.2 billion USD. Statistics from the General Department of Customs in the first half of October (October 1-15), fruit and vegetable exports earned 349.52 million USD, thereby increasing the turnover from the beginning of the year to October 15 to 4.56 billion USD, growing by 75.4% over the same period last year, equivalent to an increase in turnover of nearly 2 billion USD. The growth of fruit and vegetable products has a major contribution from the recovery in many key markets, especially China.
Ms. Ngo Tuong Vy – General Director of Chanh Thu Fruit Import-Export Group Joint Stock Company said that with the current growth rate, fruit exports will continue to be positive, especially during the festive season. when demand increases sharply. In addition, the expansion of Huu Nghi Quan road border gate will create many advantages for fruit exports to China in the last months of the year.
Mr. Dang Phuc Nguyen – General Secretary of the Vietnam Fruit and Vegetable Association informed that up to now, Vietnam has had 13 agricultural products officially exported to China, including bird’s nest, sweet potatoes, dragon fruit, and longan. , rambutan, mango, jackfruit, watermelon, banana, mangosteen, lychee, passion fruit and durian.
Commenting on the prospects of exports to China in the coming time, a representative of the Asia-Africa Market Department (Ministry of Industry and Trade) said that there is still much room to boost export growth. In particular, the continued increase in consumer demand in the market of 1.4 billion people at the end of the year will have a positive impact on our country’s export activities. Meanwhile, the Ministry of Agriculture and Rural Development also believes that from now until the end of the year, agricultural product exports to the Chinese market will maintain growth.
Recently, many trade promotion activities are being promoted to exploit potential areas. For example, from November 10 to 15, 2023 at Kim Thanh Exhibition and Convention Center (Lao Cai province) the Vietnam – China International Trade Fair will take place. The fair is an important trade and investment promotion activity to promote cooperation, exchange, investment, economic development, tourism and trade between Lao Cai and localities of Vietnam and Yunnan province. and localities in China.
Previously, the Ministry of Industry and Trade organized a conference to promote trade, investment and trade connection between Vietnam and China (Chongqing). This is a large market but the trade turnover between Vietnam and Chongqing only accounts for a low proportion (3%) of the total trade turnover of the two countries.
However, experts say that China’s standards for importing goods, especially agricultural products, are increasingly high, so industries and businesses must invest methodically for sustainable export. In addition, it is necessary to actively grasp information and developments of the epidemic situation in the world and the risk of spread in the country to promptly take measures to avoid infection and improve food hygiene and safety. In addition, it is necessary to study the possibility of investing or cooperating with Chinese enterprises to increase export value as well as keep up with the market trend of fruits and vegetables, and processed fruits are constantly increasing in recent years come back here.