Different types of Vietnamese fruit (Source: VNA) ITPC Director Tran Phu Lu said Vietnam’s main exports to themarket are processing, manufacturing, agro-fishery goods, adding that thenations have secured a host of bilateral and multilateral cooperation pacts,including the ASEAN–China Free Trade Area (ACFTA) and the Regional ComprehensiveEconomic Partnership (RCEP).
Luong Van Tai, a trade attaché from the office,informed the seminar that Vietnam currently ranks 10th among the countriesexporting farm produce to China, with its turnover from such shipments to themarket exceeding 6 billion USD last year but only accounting for about 2.6% ofChina's total agricultural import value.
Vietnam is also China’s 3rd biggest exporter of fruitsand vegetables, following Thailand and Chile, Tai said, noting that the market’sdemand for tropical fruits is large and grow annually.
He advised Vietnamese exporters to carefully studyrequirements from China, which is lifting its tariff barriers but tightening itstechnical specifications, food safety and quarantine standards and using anti-dumpingmeasures frequently.
Sharing his export experience involving the Chinese market, Chairmanof 365 Group Dinh Vinh Cuong said experts consider China the largestdestination for Vietnamese agricultural products given global inflation, due toits surging demand, close geographical proximity, and lower logistics costs andrisks compared to other markets.
So far, Vietnam has officially exported 13 key agriculturalproducts to China.
In order to turn the exports into an opportunity to increasemarket share, Cuong suggested developing a strategic plan for the industry, as well as buildingbrands and large-scale specialised production and concentratedfarming areas based on market signals.
It is also important to devise a logistics strategy andestablish agricultural product storage facilities in border localities, headded./.
Sharing his export experience involving the Chinese market, Chairmanof 365 Group Dinh Vinh Cuong said experts consider China the largestdestination for Vietnamese agricultural products given global inflation, due toits surging demand, close geographical proximity, and lower logistics costs andrisks compared to other markets.
So far, Vietnam has officially exported 13 key agriculturalproducts to China.
In order to turn the exports into an opportunity to increasemarket share, Cuong suggested developing a strategic plan for the industry, as well as buildingbrands and large-scale specialised production and concentratedfarming areas based on market signals.
It is also important to devise a logistics strategy andestablish agricultural product storage facilities in border localities, headded./.
VNA
