Vietnam: Proposal to set up a working group to support enterprises exporting to the Chinese market

Published 2022년 7월 1일

Tridge summary

Vietnam has seen a decline in cashew nut exports to China, its third-largest market, due to China's adoption of global standards and strict food safety management. This has affected many Vietnamese exports, including cashews. To address this, the Vietnam Cashew Association (VINACAS) is providing support to members and has obtained an export code for all VINACAS members. The association is also proposing the establishment of a Working Group to assist businesses in exporting to China. Long-term strategic plans are needed to tap into the Chinese market and implement the trade agreements signed between the two countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Vietnam is one of the major cashew exporters in the world. In 2021, the total output of cashew nut exports is estimated at 580 thousand tons with a value of about 3.6 billion USD, present in more than 100 countries and territories. In which, China is a key export market, ranking 3rd in the list of Vietnam's cashew importers. The "easy" market is gradually "difficult" Cashew nuts are one of the first items officially exported to China. China has always been considered a relatively "easy" key market for Vietnamese cashew nuts when absorbing a variety of products and rich consumption characteristics. However, recently due to the trend of international integration, China has begun to refer to standards from other markets in the world to apply to products imported into this country, typically Order 248-249. Strengthening food safety management and imported food of this country has partly affected a lot of Vietnam's exports, including cashews. Talking to the News reporter, Mr. Dang ...

Source: Vinacas