Proposal for Guangxi (China) to Open Market for High-Quality Agricultural Products from Vietnam
Minister Nguyen Hong Dien has called for Guangxi to open its market to high-quality agricultural products from Vietnam. The demand for these products is rapidly increasing in China.
Promoting Trade Cooperation
In a meeting with the Secretary of the Guangxi Party Committee, Minister Dien emphasized the importance of trade. Discussions highlighted the potential for cooperation in agriculture.
According to the Ministry of Industry and Trade, the import-export turnover between Guangxi and Vietnam reached 41.6 billion USD in 2024, a 15.4% increase from the previous year. Vietnam has been the largest partner for 26 consecutive years.
Mr. Tran Cuong, Secretary of the Party Committee, stated that trade with Vietnam accounts for 39.1% of Guangxi’s total foreign trade turnover. The fruit trade between the two sides makes up one-third of the total trade volume between China and ASEAN. This area has significant potential.
Guangxi: An Important Gateway for Vietnam’s Agricultural Exports
Guangxi serves as a crucial gateway for Vietnam’s agricultural exports to China. Currently, fruits account for over 40% of the total agricultural import-export turnover. More than 30% of the fruit trade between ASEAN and China passes through Guangxi. Statistics show that for every 10 durians sold in China, 7 are imported through Guangxi.
Mr. Nguyen Huu Quan, Head of the Trade Office in Nanning, pointed out the potential for agricultural cooperation between Vietnam and Guangxi. This region has become an important distribution channel for fruit trade. Guangxi is also seeking new cooperation opportunities in agriculture, including e-commerce and technology.
“Guangxi encourages businesses to invest in agriculture in Vietnam. The province has also established agricultural cooperation pilot zones,” the report stated. By the end of 2024, 18 enterprises from Guangxi had invested in Vietnam.
Promoting Trade Facilitation and Opening Agricultural Products
During discussions with the Secretary of the Party Committee, Minister Nguyen Hong Dien emphasized agricultural trade cooperation. He proposed that Guangxi open its market to high-quality agricultural products such as avocados, custard apples, and dragon fruits.
“Vietnamese fruits have distinctive flavors. If both sides facilitate customs clearance, Chinese consumers will access quality products,” Minister Dien stated. He believes that promoting agricultural trade will help balance the trade deficit.
The Trade Office of Vietnam in Nanning also provided solutions to help businesses penetrate the market more deeply. They emphasized the need to build agricultural brands and business credibility.
Strengthening Brand Recognition
Building a reputable brand for Vietnamese agricultural products is essential. It helps establish trust in transactions. The Trade Office of Vietnam in Nanning is committed to following the directives of the Ministry of Industry and Trade. They aim to enhance cooperation with local authorities to improve the visibility of Vietnamese agricultural products.
Calling for Guangxi to open its market to Vietnamese agricultural products aligns with broader trade goals. The potential for agricultural exports is vast. Both sides can benefit.
Opportunities in E-Commerce and Technology Exchange
In addition to traditional trade, there are opportunities in e-commerce and technology. Guangxi is exploring these avenues to enhance cooperation with Vietnam, including smart farm projects at the border.
International reports have indicated that Guangxi is positioning itself as a fruit trade center between China and ASEAN. The province is improving its logistics system to facilitate trade.
Future Prospects for Vietnamese Agricultural Products
As trade relations continue to strengthen, the future for Vietnamese agricultural products in the Guangxi market looks promising. The unique flavors and quality of Vietnamese fruits meet the demands of Chinese consumers.
Minister Dien emphasized that both sides need to collaborate to create a favorable trade environment. He believes that opening the market will help develop Vietnamese agricultural products.
Conclusion
The call for Guangxi to open its market to Vietnamese agricultural products is a significant step in trade relations. With the right strategies and cooperation, both Vietnam and Guangxi can harness economic benefits.
Emphasizing trade facilitation, brand building, and exploring new opportunities will pave the way for successful cooperation. As both regions continue to collaborate, the growth potential in agricultural trade remains substantial, promising a bright future for Vietnam and Guangxi.
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