Abundant chances remain in Chinese market for Vietnamese exporters
There is room for Vietnamese exporters to further exploit the Chinese market, said Tran Van Cong, Vice Director of the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development, at a conference in Can Tho city on October 30.
Can Tho (VNA) – There is room for Vietnameseexporters to further exploit the Chinese market, said Tran Van Cong, ViceDirector of the AgroProcessing and Market Development Authority (Agrotrade) under the Ministry ofAgriculture and Rural Development, at a conference in Can Tho city on October30.
Congnoted that China is a huge market for agro-fisheries products with a value ofabout 160 billion USD per year, including 9-10 billion USD of fruit andvegetable imports, about 10 billion USD of aquatic products, 10 billion USD ofmilk and 2-2.5 billion USD of rice.
Vietnamonly exported 8.6 billion USD worth of agro-forestry-fisheries products to themarketin 2018 and 6 billion USD in the first nine months of this year, he said,holding that the figures remain too modest.
Headvised exporters to find updates on new regulations in China and strive tomeet all the market’s requirements.
Commercial Counselor ofthe Chinese Embassy in Vietnam Hu Suojin said that the majority of Chinese consumerslike Vietnamese fruits.
The 1.4-billion-strong marketspends about 2 trillion USD to import goods each year, which will rise to 10 trillionUSD in the next five years, the official noted.
On average, each year, aChinese person consumes 30kg of milk, 40kg of pork and 50kg of fruits, he said.
Hu said that in the firstnine months of this year, import-export revenue between Vietnam and Chinaexceeded 110 billion USD, up 7.1 percent year on year.
With the current per capitaincome of over 10,000 USD per year, Chinese people’s living conditions arerising and their demand for goods are increasing, he stated.
Hu said it is necessary tofurther connect Vietnamese firms with their Chinese peers and provide them withmore information on technical requirements in China./.
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An overview of the conference (Photo: VNA) 
