Why do Vietnamese businesses still love exporting agricultural products to China?

Published 2022년 1월 11일

Tridge summary

Vietnam's agricultural exports are facing challenges at the Lang Son border due to China's regulations and the suspension of sea exports due to Covid-19 prevention measures, causing congestion and slow customs clearance. Despite these difficulties, Vietnamese businesses continue to prioritize the Chinese market, which is the world's largest economy and population, and offers the most significant export revenue for Vietnam. The Chinese market accounts for 54% of Vietnam's fruit and vegetable exports, reaching US$1.75 billion in the first 11 months of 2021. Vietnamese businesses are urged to meet China's safety and quality standards to remain competitive in the market. The Ministry of Agriculture and Rural Development and localities are advised to provide more information about the new regulations to help businesses comply.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For the past 3 weeks, Vietnam's agricultural products have been stuck at Lang Son border gates and have not been completely resolved, but China decided to close Tan Thanh and Coc Nam border gates, causing many export businesses to "sit on fire". This is also a situation that happens continuously every year when the government of this country issues new regulations. Not stopping there, even official exports of agricultural products by sea were suddenly suspended because the Chinese government tightened regulations on Covid-19 prevention, causing slow customs clearance. But sharing with VnExpress, many businesses, although facing difficulties because of congested goods and unable to clear customs, still said they would not "abandon" the Chinese market. Mr. Nguyen Khac Huy, Director of Hoang Phat Fruit Company, said that despite difficulties, the company still tries to export goods to this market by different methods. Enterprises always consider China as a key export market because ...
Source: VNExpress

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