Promoting export to China
09:15 | 26/07/2009
VGP – China increasingly becomes an important market of Việt Nam, concluded a conference on export promotion to China last week.

A conference is held by the Ministry of Industry and Trade and seven northern border provinces to discuss the export promotion to China – Photo: VGP

According to the Ministry of Industry and Trade (MIT), China is the 3rd export market of Việt Nam, only ranking after the US and Japan. However, it keeps the position of the biggest exporter to Việt Nam, with the 2008 turnover of US $15.625 billion.

In trade relations with China, Việt Nam is suffering the excess of imports over exports. The MIT reported that, Việt Nam’s trade gap with China was US $11 billion last year and US $5 billion in the first half.

Many delegates to the conference reiterated that Việt Nam’s structure of exports to China is unstable and consists of few valuable and hi-tech products. The current structure should be changed, they stressed.

Upgrading transport infrastructure was also voiced by many provinces as a way to facilitate export to China.

Meanwhile, the representative of Quảng Ninh Province emphasized the need to perfect the legal frame for commercial activities between the two countries.

So far, Việt Nam and China have inked ten bilateral trade agreements. Their ministries and agencies have also made a large number of deals. However, it is necessary to adopt such documents as the Việt Nam-China Road Transport Agreement, Transit Transport Agreement, and regulations on passenger and cargo transport.

MIT Minister Vũ Huy Hoàng stated at the conference that the MIT will work with competent agencies and provincial governments in removing obstructs in mechanisms and procedures relating to export activities. 

The Ministry will also review the current agreements and supplement new policies and plans to promote export to China, said Mr. Hoàng.

By Hoàng Uyên

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