The fruit-laden truck arrived at the Tan Thanh border gate area in Lang Son province. (Photo: VNA)According to the department, the bilateral trade reached 175.6billion USD in 2022, accounting for approximately 24% of Vietnam's totalimport-export turnover. In the first five months of this year, the two-way trade valuehit 61.5 billion USD, an annual decrease of 14.5%. It is worth noting thatVietnam's exports to and imports from China account for 15% and 32.8% of its respectivetotal figures with the world.
Minister of Industry and Trade Nguyen Hong Dien said Chinais no longer an easy market as before, and that this big economy have been still exporting many products. Chinese exports are quite similar to those fromVietnam, posing both advantages and challenges for Vietnamese goods, henoted.
For better exports to the market, the minister advisedbusinesses to adapt their production methods towards safety and specificstandards, and ensure that their cultivation processes meet traceability requirements.
A representative of the Vietnam Trade Office in China has proposed enterprises further enhance the quality of goods, strictly implement measures for foodsafety inspections, adhere to packaging regulations, and improve thecompetitiveness of their products. Improving packaging designs to better suitthe market’s consumer preferences is also necessary.
Le Quang Trung, Vice Chairman of the Vietnam LogisticsService Business Association, recommended relevant ministries and sectors to considerestablishing a customs clearance centre at Vietnam-China border gates to quicklyaddress any arising issues in the process. Additionally, streamliningadministrative procedures between their customs authorities will help shortenthe clearance time and expedite the flow of goods, he added.
Given the situation, Prime Minister Pham Minh Chinh’s ongoingofficial visit to China from June 25 to 28 is expected to further strengthen,expand, and enhance the effectiveness of the countries’ relationship acrossfields, particularly economy and trade./.
VNA
