Vietnam to Boost Sugar Cane Trade with China
On March 30, the Consulate General of Vietnam in Nanning (China) coordinated with the People's Committee of Cao Bang province to organize an online conference between Cao Bang province and the East Asia Sugarcane Group Nanning, Guangxi (China).
|Representatives of Cao Bang province at the meeting. Photo: VNT|
From the Cao Bang province's side, there were the Director of the Department of Agriculture and Rural Development Nguyen Thai Ha; leaders of the Department of Foreign Affairs, representatives of the departments, branches, People's Committees of districts as well as of Cao Bang Sugar Joint Stock Company.
The representative of the Consulate General of Vietnam in Nanning, Guangxi (China) is the Consulate General Do Nam Trung. Mr. Uong Hong Chau, CEO of Dong A Nanning Sugar Group, leaders of the Group's divisions leaded the East Asia Sugarcane Group's side.
At the meeting, the two sides shared the advantages of cooperation in producing and trading sugar cane. The goal is to create the opportunity to potential future business relationship of production and purchasing links for Cao Bang's signature agriculture products.
|Sugar cane production is the major income of many Cao Bang districts. Photo: Cong Hai|
Cao Bang province has a total area of over 87,000 hectares concentrated in sugarcane production areas in Quang Hoa, Trung Khanh, Ha Lang, and Thach An.
In 2021, 2,652 hectares produced an output of 184.59 thousand tons. There are positive signs for 2022, the province's sugarcane growing area will reach 2,948.4 hectares, with an estimated output of 199,990 tons.
In response, East Asia Nanning Sugar Group briefly introduced the Group, and expressed deep interest in cooperation with Cao Bang province in the near future.
Representative leaders of Quang Hoa district, Ha Lang district and Trung Khanh district reported an overview of the local production of raw sugar cane, assessed the possibility of cooperation with the Group, s the opportunities and challenges.
|The two sides discuss and exchange contents and issues of mutual interest in the sugarcane production and export process. Photo: Bao Quoc Te|
The online meeting is the initial step in building friendly trade relations.
The Consulate General of Vietnam in Nanning acts as a bridge to support promoting the cooperation relationship between Cao Bang province (Vietnam) and Guãngi (China).
The Consulate General stress that Guangxi is a large sugarcane producing region of China, with the sugarcane growing area accounts for 60% of share in China. In the border provinces of Vietnam, especially Cao Bang, growing sugarcane has clear benefits over other crops such as rice, cassava and maize. The local farmers also have long tradition of growing sugarcane.
In particular, East Asia Nanning Sugar Group, established in 1993, was one of the earliest foreign-invested companies in China's sugar industry. The group is joint-ventured by MITR PHOL GROUP (Thailand), one of the three largest sugar cane groups in the world, and 4 state-owned sugar factories in Guangxi.
The meeting opens great potentials, strengths, and prospects for cooperation. The two sides agreed to assign specific sugarcane cooperation procedures to businesses and report the results to the authorities in Vietnam and China. Favorable negotiations will create conditions for businesses to deploy cooperation agreements, contributing to promoting socio-economic development of the two countries.
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