Vietnamese Government to Boost Exports to China

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Last updated at: (Beijing Time) Sunday, June 15, 2003

Vietnamese Government to Boost Exports to China

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The Ministry of Trade of Vietnam is proposing a range of measures to increase Vietnam's exports to China since domestic business are facing major difficulties in penetrating the high-potential market.

Bilateral trade between Vietnam and China rose from 2.8 billionUS dollars in 2001 to 3.2 billion US dollars in 2002. However, theexport of some mainstays, including fruit, vegetables, seafood andcashews, has dropped dramatically since the beginning of the year,Vietnam News Agency quoted trade officials as saying on Saturday.

To tackle the slump in exports, trade officials have proposed that the government establish trade offices is Kunming and Guangzhou, which between them account for the bulk of Vietnamese imports into China.

Officials have also suggested an increase in the number of international fairs and exhibitions which would help domestic business promote their products in foreign markets and lead to better understanding of customers' demands.

Other measures would aim to encourage Vietnamese enterprises toregister their trade marks, ease payments for goods, and provide prompt information about market demand and prices, to help protectlocal traders.

The governments of both Vietnam and China are organizing negotiations for new trade agreements and building a legal framework to protect cross-border trade.

Trade officials are also urging Vietnamese businesses to meet with their Chinese partners to promote value-added processing of food and farm produce, and the production of new varieties of consumer goods.

Seafood, fruit and vegetable exporters are now being urged to improve product quality to raise their competitiveness against similar products produced in Thailand and Myanmar. They are also being urged to concentrate on the Western provinces of China due to advantages such as geographical proximity, lower transport fees,and a huge largely-untapped market which includes 10 Chinese provinces and accounts for 25 percent of China's GDP.

Trade officials have said that Vietnam could import engineering products, electronics, motorbikes, and vegetables from Western China, and could export rubber, seafood, cashews and consumer goods in return.

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