Kinhtedothi – Standardizing product quality according to the requirements of import partners is the core solution for highly effective official exports, as well as opening up many other products to enter the Chinese market during this period next time.
Advantages and opportunities
Information from the Ministry of Agriculture and Rural Development, in 2023, agricultural, forestry and fishery trade turnover between Vietnam and China will reach 15.53 billion USD. Of which, Vietnam’s exports reached 12.1 billion USD, up 16.4% and imports reached 3.4 billion USD, down 9.7% compared to 2022.
In the first 5 months of 2024, the import-export turnover of agriculture, forestry and fisheries between the two countries reached 6.2 billion USD (up 2.9% over the same period in 2023). Of which, Vietnam’s exports to the Chinese market are estimated to reach 4.6 billion USD, an increase of 8.6% and imports are estimated to reach 1.6 USD, an increase of 31.5% over the same period in 2023.
Notably, up to now, the two sides have signed 21 Memorandums of Understanding and Protocols on export and import of agricultural, forestry and fishery products between the two countries, demonstrating close cooperation in this field.
Deputy Minister of Agriculture and Rural Development Hoang Trung said that there are currently many Vietnamese agricultural, forestry and fishery products being exported to China, including 12 fruit and vegetable products, including: watermelon, mangosteen, black jelly. , durian, fresh banana, sweet potato, dragon fruit, rambutan, mango, lychee, longan, jackfruit. Vietnam has also exported to other countries bird’s nest, fish meal and a number of products serving the production and processing of animal feed; Dairy and seafood products of all kinds.
Another good news is that fresh coconut, frozen durian, poultry… are the list that can be officially exported to the Chinese market in the near future. This is an opportunity for Vietnamese agricultural products to earn billions more dollars from this billion-people market.
Appreciating the potential and value of durian products, Deputy Director of the Import-Export Department (Ministry of Industry and Trade) Tran Thanh Hai commented: Vietnamese durian has a great advantage when it has abundant output and a spread harvest. All year round, especially during the season, there is no competition with Thai durian. In addition, an advantage of Vietnamese durian when exporting to the Chinese market is fast shipping time and competitive price.
In the first 4 months of 2024 alone, China sharply increased imports of fresh durian from the Vietnamese market with 79,300 tons, worth 369.8 million USD, an increase of 91.% in volume and an increase of 81.9% in value. prices compared to the same period in 2023.
Ready source of quality goods
As an enterprise with 12 years of experience exporting durian to the Chinese market, Vinh Khang Group Joint Stock Company is waiting for opportunities from frozen durian to be exported to China. Currently, the enterprise is ready to prepare the conditions to be able to participate in exporting this product.
Regarding coconut products, General Director of Datafa Co., Ltd. Pham Thanh Danh said that last year the company participated in a fair in China and found a partner. Accordingly, on average each month the company sells 4 containers of coconut water products to the Chinese market. In order for products to reach the Chinese market, businesses always meet two important factors: quality and price.
In 2024, Vietnam’s fruit and vegetable industry expects export turnover to reach a new record, about 6.5 billion USD. It is forecast that the export market will continue to be favorable in the second half of the year, especially when many of Vietnam’s key agricultural products are forecast to continue to be opened in the Chinese market.
What needs to be done now is that localities and businesses need to ensure quality supply and increase fruit and vegetable processing for export; At the same time, promote trade promotion and expand markets so that fruits and vegetables continue to maintain the status of a key commodity industry with strong growth and high value.
Source: https://kinhtedothi.vn/chuan-hoa-chat-luong-de-day-manh-xuat-khau-nong-san-sang-trung-quoc.html