Vietnamese exporters have pinned high hopes on exports to China growing after the country - a key market for Vietnam’s agro-fishery products - fully resumed trade activities at five border gates in Lang Son province from January 28.
According to the Ministry of Industry and Trade, two-way trade topped 162 billion USD in 2022, with trade value through Lang Son’s border gates accounting for over 10% of the total.
Following China’s reopening after th🅷ree years of closure due to COVID-19, Vietnam’s shipments of agricultural products to its northern neighbour increased immediately.
Amid the global economic uncertainties, exports via border gates offer a “tailwind” to Vietnamese enterprises. However, they must pay due regard to ensuring their products meet requirements in the Chinese market.
With a population of 1.4 billion, China is a market of great potential for Vietnam. There is ample space to bolster exports to the market, especially now it has removed stringent import control measures./.
