Vietnamese exporters ready for Chinese market’s reopening
Vietnamese businesses, especially those operating in the agricultural sector, have made all necessary preparations and are ready for the reopening of the Chinese market from January 8.
Durian is one among the products expected to enjoy strong export growth after China's reopening. (Photo: thanhnien.vn)
Hanoi (VNA) – Vietnamese businesses, especially those operating inthe agricultural sector, have made all necessary preparations and are ready forthe reopening of the Chinese market from January 8.
Many Vietnamese agricultural and aquatic products such asrice, fruits, shrimp and fish, are expected to enjoy strong export growthfollowing China’s reopening of its market. At present, prices of several products have reported surges.
Nguyen Thuy Thuan, Director of Tra Thanh Long Company in HoChi Minh City, said that the price of dragon fruits currently surpasses 30,000VND (1.28 USD) per kilogramme, much higher than the 1,000-2,000 VND perkilogramme in the same period last year.
Shrimp is also one of the products that are favoured by Chinese people on theoccasion of the Lunar New Year (Tet) festival which will be celebrated laterthis month. At present, Chinese enterprises are increasing imports of blacktiger shrimp.
To meet a 40% rise in orders from Chinese partners, Anh KhoaCo. Ltd. in the southernmost province of Ca Mau is actively coordinating withfarming areas to purchase shrimp right after Tet in order to serve this market.
The Border Office of the Guangxi Zhuang Autonomous Region(China) announced that it will maintain customs clearance during the Tetholidays to ensure that trade activities and supply chains are maintainedsmoothly to facilitate import and export activities of both sides.
From January 21 to 27 (the 30th day of the last lunar monthto the sixth day of the first lunar month), all border gates in Guangxi willcarry out customs clearance by appointment./.
China’s reopening is expected to boost Vietnam’s GDP growth by over 2 percentage points next year, driven by the full resumption of Chinese tourist arrivals in the second half of 2023, Michael Kokalari, chief economist at investment fund VinaCapital, said in a recent report.
China has officially announced the easing of COVID-19 prevention measures which have been imposed for three year, and experts have said this is expected to kickstart the country's economic recovery, opening opportunities for some Vietnamese sectors in the medium term.
Deputy Minister of Health Nguyen Thi Lien Huong has emphasised the necessity to strengthen supervision and take more samples for COVID-19 testing at border gates besides maintaining the current pandemic prevention and control measures as usual.
The Chinese side has announced that it will completely resume the operation of border gates and paths with Vietnam in northern Lao Cai province from January 8, said Ha Duc Thuan, Vice Director of the Management Board of Lao Cai Economic Zone.
Foreign direct investment (FDI) inflow from China to Vietnam is expected to rise as China is to reopen its doors and resume flights between the two countries, according to Agribank Securities Company (Agriseco).
The Vietnamese booth featured fresh durian, durian ice cream, durian cakes, and other fruits such as dragon fruit and passion fruit, attracting strong interest from Beijing residents and ASEAN diplomats.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
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Durian is one among the products expected to enjoy strong export growth after China's reopening. (Photo: thanhnien.vn) 
