The Ministry of Agriculture and Rural Development sent a diplomatic note to the General Administration of Customs of China on completing some procedures to export fresh seafood and fruits from Vietnam to China.
Vietnam’s import and export turnover from the beginning of the year to now is more than US$230 billion, a decrease of 15.4 percent or $42.1 billion over the same period last year. Of which, export turnover reached $118.58 billion, down 12.8 percent.
The quantity of Vietnamese agricultural goods exported to China via border gates in the northern mountainous province of Lao Cai has witnessed a significant upswing this year, surpassing figures from previous years.
Over the past few days, on average, more than 1,000 trucks carrying import and export goods have been cleared daily at the border gates in Lang Son Province, facilitating trade between Vietnam and China.
A conference on promoting trade, investment and economic cooperation between Vietnam and China’s Hainan province took place in the local Haikou city on April 10, attended by the sides’ officials and approximately 120 enterprises.
The total import and export turnover in the first three months of 2023 was recorded at US$150 billion, significantly lower than the set target of over $200 billion, raising concerns among authorities and businesses.
The Ministry of Industry and Trade (MoIT) is taking measures to promote the negotiations of a free trade agreement (FTA) with the Southern Common Market, which is expected to be a driving force for Vietnam to tap the Latin American market.