Vietnam and China to facilitate bilateral export-import | Business
Hanoi (VNA) – Minister of Industry and Trade Nguyen Hong Dien and Chinese Ambassador to Vietnam Xiong Bo agreed to facilitate bilateral agreements export-import activitieswhen they met in Hanoi on May 25.
As a result, the two sides agreed to open the Vietnamese agricultural products market, exempt Vietnam agricultural products, aquatic products and frozen foods from SARS-CoV-2 testing, reopen border doors and markets, and to support business connectivity activities.
Minister Dien suggested that China facilitate the import of Vietnamese fruits and agricultural products, especially lychee, longan and mango from Bac Giang, Hai Duong, Son La and other localities.
Expressing his willingness to work closely with the Vietnamese Ministry of Industry and Trade, the Chinese ambassador said the two sides should improve the quality of economic and trade cooperation and stabilize the supply chains between the two. savings in accordance with the common perceptions of the leaders of both countries.
According to Vietnam’s General Customs Department, bilateral trade between Vietnam and China reached USD 133.09 billion last year, up 13.82% from 2019. Of which, Vietnam’s exports to China China rose 17.95% to 48.9 billion USD while imports from China hit 84.18 billion USD, up 11.55%.
China remained Vietnam’s largest trading partner, largest export market, and second-largest importer.
In the first four months of this year, bilateral trade reached USD 50.21 billion, up 43.04%. Of this figure, USD 16.29 billion came from Vietnamese exports, up 28.04%, while the rest came from imports, up 51.57% year-on-year.