Vietnam and China Seek to Promote Trade Exchanges

Overview of the event

Addressing the event, Minister of Agriculture and Rural Development Le Minh Hoan emphasised that both sides agreed to take practical measures in order to promote the import and export of high-quality agricultural products under a joint statement on deepening the Vietnam – China strategic partnership.

Hoan expressed his hope that the authorities of China’s Guangxi province and Vietnamese border provinces continue to increase the exchange of trade in agricultural products, thereby stabilising and developing a sustainable market whilst contributing to the socio-economic development of each country.

Representatives of Lang Son suggested that the Government pay close attention to investing in border infrastructure, with a specific focus on prioritising a number of potential border gate areas that have conditions for rapid development in order to enhance regional linkages in border trade activities.

Ho Tien Thieu, head of the Lang Son provincial government, voiced his hope that the Ministry of Industry and Trade and relevant sectors would continue to timely provide information relating to policies and orientations for international trade development, as well as general regulations on imported goods and farm produce, according to the VOV.

He advised localities that have large growing areas for export to strengthen the effectiveness of quality management in line with the regulations set by importers.

Local businesses should meet requirements in terms of food hygiene and safety, origin traceability, and code of growing areas and packaging facilities for rapid customs clearance in the time ahead, he suggested.

Vietnam looks to boost trade with China’s special administrative region

A workshop discussing measures to promote business cooperation between Vietnam and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) of China was held in Hanoi on January 10.

Participants at the workshop (Photo: VNA)

The event was jointly organised by the Foreign Investment Agency (FIA) of the Ministry of Planning and Investment (MPI), the Chinese General Chamber of Commerce (CGCC), the GBA Union, and the Hong Kong - Vietnam Chamber of Commerce (HKVCC) .

It focused on introducing Hong Kong's recent development, and Vietnam's investment environment and incentives, aiming to call on Hong Kong enterprises to increase their investment in Vietnam, reported the Vietnamplus.

According to the MPI, the trade and investment cooperation between Vietnam and Hong Kong has greatly contributed to strengthening bilateral economic relations.

Vietnam is Hong Kong's eighth largest trading partner. In 2021, the two-way trade reached 13.5 billion USD. By November 2022, Vietnam raked in 10 billion USD from exporting goods to Hong Kong, while spending 1.78 billion USD on importing from it.

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