There remains ample room for Vietnam's exports to China, and the growth will be directly proportional to the quality improvement of products by domestic enterprises, according to insiders.
Last year, Vietnam saw 12 groups of goods exported to the Chinese market with value of more than 1 billion USD each. Among them, phones and components took the lead with earnings of 16.87 billion USD, followed by computers, electronic products and components.
Two-way trade turnover reached over 42 billion USD in the first quarter of this year. Of which, Vietnam's exports to China topped 12.68 billion USD, an increase of 5.2%, while imports from the neighboring country reached 29.4 billion USD, up 24.4% against the same period last year.
With this result, growth in exports to China remained a br🌟ight spot in the country's trade activities in the first quarter, and is expected to retain its momentum for the whole year.
Currently, Vietnam has 14 agricultural products exported to China via the official channel. In the future, this figure is expected to increase when China opens its market for other farm products, such as fresh coconuts, frozen vegetables and citrus fruits./.
