VN agricultural export to China faces challenges

Sep 22nd at 10:50
22-09-2015 10:50:09+07:00

VN agricultural export to China faces challenges

As Vietnamese agricultural export is facing challenges in Chinese market, businesses should focus on technological innovation, product quality improvement and price reductions in order to raise their competitive edge, said an official from the Vietnam Ministry of Agriculture and Rural Development (MARD).

Hoang Van Du, Deputy Director of the MARD Centre for Agricultural Trade Promotion, told a Vietnam News Agency correspondent on the fringes of the Vietnam-China trade conference in China’s Guangxi province that it is necessary for Vietnamese firms to pay more heed to studying the market and promoting trade.

He made the suggestion given agricultural exports to the neighbouring country are encountering a range of difficulties due to China’s yuan depreciation, pushing up prices of Vietnamese products in the market as compared with those of India and Bangladesh.

Limited access to information about China has also hindered Vietnamese exporters from penetrating the market, the official said, pointing to the weak performance of commercial counsellors in the country.

Due to the lack of in-depth market studies, Vietnamese businesses are unable to fully control China’s demand, resulting in an abundance of products, Du noted.

China’s regular policy adjustments and the imposition of technical barriers are also creating difficulties for Vietnamese enterprises, he added.

According to the official, Vietnam has favourable conditions to develop trade ties with China, as the two countries share a long border line and many similarities in culture and custom.

Vietnam’s farm produce export value to the world’s most populous nation in 2014 exceeded 8 billion USD, making up a quarter of the country’s total figure.

Considering China a key market, the Government, the Ministry of Industry and Trade and the MARD have always given the highest priority to trade promotion in the country, Du said.

The Vietnam-China trade conference, which took place in Nanning city, on September 19 on the sidelines of the China-ASEAN EXPO, was part of bilateral trade promotion activities.

The event drew 54 representatives from 38 Vietnamese businesses specialising in agro-forestry-fishery products and handicrafts to market their products and study equipment and machinery serving agricultural production.

vietnamnet



NEWS SAME CATEGORY

30% of Vietnamese to shop online by 2020

At a meeting on September 18 to launch Vietnam’s e-commerce policy, Mr. Tran Huu Linh, Director General of the Vietnam E-commerce and Information Technology Agency...

VN optimistic about economic growth, even if oil prices fall

The Vietnamese economy is projected to continue recovery in the four remaining months of the year, bolstered by Government efforts to maintain macro-economic...

Lawmakers discuss lessons drawn from 8 years of Vietnam’s entry into WTO

Vietnam’s lawmaking National Assembly held a hearing on Friday to discuss what the country has achieved after eight years of entry into the World Trade Organization...

Bloomberg: Vietnam among top 5 emerging markets

An article in Bloomberg on September 17 said that investors would do well to look at much smaller countries around the world, with Central Europe providing a...

Retail & Franchise Show 2015 for November

The Vietnam International Retail & Franchise Show 2015 (VIETRF) will be held from November 5 to 7 at the Saigon Exhibition and Convention Center in District 7, Ho...

A decade of passion to bring McDonald's to Vietnam

CEO of McDonald's Vietnam, Mr. Henry Nguyen, told local media about his ten-year plan to bring McDonald's to Vietnam.

Lotte makes bid for vital rail route

Lotte Engineering & Construction, part of South Korean conglomerate Lotte, has submitted a document to the Ministry of Transport expressing its interest in...

TPP potential paves the way for US investments

A wave of American investment is hitting Vietnam’s shores in anticipation of benefits from the Trans-Pacific Partnership.

Billions to modernise VN's railway

The modernisation of Viet Nam's railway system is projected to cost about US$5.1 billion, experts said during an event on detailed plans to upgrade the 1,726 km...

Can Gio company eyes $235m bridge

The Can Gio Urban and Tourism JSC has sought approval from the HCM City People's Committee to do a feasibility study to build a bridge over the Soai Rap River...


MOST READ


Back To Top