Commercial ambassador to Vietnam reveals that Vietnamese exports benefit from China opening up the country, pointing out the logistics system throughout the country and connecting with China. Supporting the export-import sector Keep an eye on the impact on exports of Thai products. cost disadvantage Vietnam’s agriculture minister said exports in February to China rose 33 percent.
Commercial ambassador to Vietnam reveals that Vietnamese exports benefit from China opening up the country, pointing out the logistics system throughout the country and connecting with China. Supporting the export-import sector Keep an eye on the impact on exports of Thai products. cost disadvantage Vietnam’s agriculture minister said exports in February to China rose 33 percent.
after the relaxation of control measuresCOVID-19 and the opening of China’s country last January making predictions that China’s economy will recover and will have a positive effect on the global economy, relieving concerns about the economic situation in many countries in Europe and the United States that slow down due to rising inflation.
ASEAN countries have benefited from China’s opening up. Thailand, which is an important trading partner of China, has benefited from both exports and tourism. Especially tourism, which the survey found. Thailand is the first destination for Chinese tourism, causing more Chinese tourists to visit Thailand at the beginning of the year. It is expected that the whole year there will be more than 7-8 million tourists, while Thai exports to China after being negative. For several months, it is expected to turn positive again in Q2.
It’s not just Thailand that has benefited from China’s opening up. Thailand’s competitors like Vietnam also benefited. byMs. Thaniya Fucharoen, Director of the Office of International Trade Promotion in Hanoi, Vietnam revealed that after implementing measures to control COVID-19 Strictly for more than three years, China has relaxed and opened up the country in January. Which has a positive effect on the economy of Vietnam in 2023 and is likely to be more bright.
“Even though the global economy as a whole still looks sluggish. China is an important trading partner of Vietnam. In the circumstances in which the relationship between the two sides is developing. favorably, including the willingness of both sides to facilitate the promotion of trade. It will help drive the relationship between the two countries more,” said Ms Thaniya.
In 2022, trade between Vietnam and China amounted to $175.5 billion. with china With a population of over 1.41 billion, China is an important export market for Vietnam’s agricultural sector. Consumption of fruits and vegetables accounted for 53.7 percent of Vietnam’s total fruit and vegetable exports. China, in particular, is Vietnam’s third largest importer of aquatic products after the United States and Japan.
The reopening of China is an opportunity for Vietnamese and Chinese entrepreneurs. in cooperation withExpand export and import markets and promote the development of bilateral trade in the transportation of goods between Vietnam and China by VietnamThere is a road transportation system that covers all provinces and major cities across the country. and connect with China which allows Imports and exports of goods between Vietnam and China continue to grow. This will affect Thailand’s export products to be exported to China due to the competition in transportation costs with Vietnam and the price of Vietnamese products to China.
website / reports that Tran Thanh Nam, Deputy Minister of State for Ministry of Agriculture and Rural Development indicate thatChina’s reopeningagain after the restrictions during the COVID-19 pandemic. As a result, Vietnam’s agricultural and fishery exports to China grow. more strong China lifting lockdown measures from the epidemic of the COVID-19 Has pushed for bilateral trade between Vietnam and China. has grown considerably inIn February 2023, Vietnam’s exports to China increased by 33%. compared to the previous month The Mong Cai – Dongxing border checkpoint has reopened. time after news causing many Vietnamese entrepreneurs to go to the border gate To find Chinese trading partners, the Mong Cai – Dongxing border checkpoint is important in bilateral trade between Vietnam and China. Because it is a trade link between Quang Ninh province and China’s Guangxi Province China is Vietnam’s third largest seafood importer, importing 75 percent of annual seafood consumption.
for processed agricultural products Vietnamese exporters wishing to export to the Chinese market must submit documents to both the Vietnamese authorities and to the Chinese authorities. However, some exporters skip the process by submitting their documents to the Vietnamese authorities. China, which prevented Vietnamese authorities from inspecting documents, said the minister. Ask the exporter to strictly follow the procedure. It also suggested setting up a team responsible for providing information about the Chinese market to agricultural producers.
Guangxi is one of Vietnam’s major import markets for agricultural and fishery products, accounting for 47.5 percent of China’s total imports from Vietnam. In the past 23 years, Vietnam has remained China’s largest trading partner.
From the above information, it indicates that Vietnam’s export sector to China has started to make a comeback and continues to increase thanks to its logistics advantages.D. There is also a bilateral cooperation. It is also a force for Vietnamese exports to grow even more. Thailand as an exporter and China is an important trading partner of Thailand. Will have to keep an eye on Vietnam’s exports throughout the year 2023. How much will it expand and grow?
