Vietnamese agricultural export to China faces challenges: official
As Vietnamese agricultural export is facing challenges in Chinese market, businesses should focus on technological innovation, product quality improvement and price reductions.
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.-VNA
Representatives of farmers, businesses, scientists and authorities in the southwest provinces of Tien Giang, Ben Tre and Dong Thap will gather at a forum on June 8 to seek effective agricultural production methods.
Farmers should focus on market-oriented agricultural production to boost the sector’s growth, said Minister of Agricultural and Rural Development Cao Duc Phat at the monthly cabinet meeting on June 29 in Hanoi.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: ndh.vn)
