The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade plans to establish five trade promotion offices in China this year in an effort to boost export sales and expand trade promotions there, said Do Thang Hai, general director of Vietrade.
Vietnam has set up a trade commission in China and this commission has a branch in each of Kunming, Nanning and Guangzhou. The Agricultural Trade Promotion Agency under the Ministry of Agriculture and Rural Development will lead a mission to take part in a food and beverages fair organized in a northern Chinese province.
China is an attractive market for Vietnamese agro-products suppliers as the number of participants registering to join the fair is higher than expected. “Despite being warned of risks, a populous market like China is still appealing to agricultural businesses,” said Hai.
China is now Vietnam’s biggest rice exporter. Thus, the Vietnam Food Association (VFA) plans to launch a long-term trade promotion campaign there.
Apart from the HCMC-based export promotion center for high-grade rice, VFA looks set to open several branches of the center in major Chinese cities and provinces, said Huynh Minh Hue, general secretary of VFA.
The association in the year to date has made two business trips to China for trade promotion with the participation of local agricultural businesses.
Two-way trade between Vietnam and China has snowballed in recent years. The country earned US$5 billion from exports to China in January-May while spending US$10.5 billion on imports from China, according the General Department of Customs.
Source: vnagency.com.vn