According to the department, the bilateral trade reached 175.6 billion USD in 2022, accounting for approximately 24% of Vietnam's total import-export turnover. In the first five months of this year, the two-way trade value hit 61.5 billion USD, an annual decrease of 14.5%. It is worth noting that Vietnam's exports to and imports from China account for 15% and 32.8% of its respective total figures with the world.

The fruit-laden truck arrived at the Tan Thanh border gate area in Lang Son province.

Minister of Industry and Trade Nguyen Hong Dien said China is 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 from Vietnam, posing both advantages and challenges for Vietnamese goods, he noted.

For better exports to the market, the minister advised businesses to adapt their production methods towards safety and specific standards, 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 food safety inspections, adhere to packaging regulations, and improve the competitiveness of their products. Improving packaging designs to better suit the market’s consumer preferences is also necessary.

Le Quang Trung, Vice Chairman of the Vietnam Logistics Service Business Association, recommended relevant ministries and sectors to consider establishing a customs clearance centre at Vietnam-China border gates to quickly address any arising issues in the process. Additionally, streamlining administrative procedures between their customs authorities will help shorten the clearance time and expedite the flow of goods, he added.

Given the situation, Prime Minister Pham Minh Chinh’s ongoing official visit to China from June 25 to 28 is expected to further strengthen, expand, and enhance the effectiveness of the countries’ relationship across fields, particularly economy and trade.

Bac Giang ships 56 tonnes of fresh lychees to China by rail

The northern province of Bac Giang organised a ceremony on June 15 to mark the first shipment of 56 tonnes of Luc Ngan fresh lychees to China from Kep railway station. 

Vietnam-China road passenger transport service launched

The road passenger transport route between Mu La Thang border gate in Vietnam's Lai Chau province and Jin Shuihe border gate in Chinas Yunnan province was opened to traffic on Tuesday.

Infrastructure upgrade needed to smoothen border trade with China

Border gates with China are being overwhelmed by the trade between the two countries, and need infrastructure upgrades.

Vietnamese authorities move to facilitate farm produce exports to China

A Vietnamese delegation led by Deputy Minister of Agriculture and Rural Development Tran Thanh Nam has visited and held meetings with the administrations and customs departments of China’s Guangxi and Yunnan provinces in an effort to facilitate farm produce exports via northern border gates of Vietnam.

Vietnam, China exchange market management experience

Deputy Minister of Industry and Trade Dang Hoang An held talks with deputy head of the Chinese State Administration for Market Supervision (SAMR) Pu Chun in Hanoi on June 5, during which they exchanged information and experience regarding market management.

Source: NDO