New approach to tapping Chinese farm produce market urged
Thanks to cultural and cuisine similarities and geographical proximity, China has been a key market of Vietnamese farm produce for many years, but enterprises need to take a new approach in the market today, said an official.
Harvesting coffee beans (Source: VNA) HCM City (VNA) – Thanks to
cultural and cuisine similarities and geographical proximity, China has been a key
market of Vietnamese farm produce for many years, but enterprises need to take
a new approach in the market today, said an official.
Nguyen Quoc Toan, acting head of the Ministry of Agriculture and Rural Development’s Department of Farm Produce Processing and Development, said manufacturing must meet standards and tastes of consumers while focusing on packaging and processing to increase the value of Vietnamese farm produce.
Economic and Commercial Counsellor at the Chinese Consulate General in Ho Chi Minh City Wei Xichen said China has expanded imports to meet increasing demand and has become the world’s largest importer of farm produce in recent years. Its farm produce import now accounts for one tenth of the world’s total with annual average growth of 8.8 percent.
He pointed out that most of Vietnam’s exports to China are via cross-border channels, so they lack trademarks, and Vietnamese exporters don’t fully understand the Chinese consumption market.
Wei said the State must study the market, grasp its development trends and issue guidelines on agricultural production.
He suggested Vietnamese firms partner with Chinese e-commerce giants to open online outlets and provide farm produce for new supermarkets.
Last year, Vietnam earned 3.5 billion USD from exports of vegetables and fruits, 76 percent of which was earned in China.-VNA
Nguyen Quoc Toan, acting head of the Ministry of Agriculture and Rural Development’s Department of Farm Produce Processing and Development, said manufacturing must meet standards and tastes of consumers while focusing on packaging and processing to increase the value of Vietnamese farm produce.
Economic and Commercial Counsellor at the Chinese Consulate General in Ho Chi Minh City Wei Xichen said China has expanded imports to meet increasing demand and has become the world’s largest importer of farm produce in recent years. Its farm produce import now accounts for one tenth of the world’s total with annual average growth of 8.8 percent.
He pointed out that most of Vietnam’s exports to China are via cross-border channels, so they lack trademarks, and Vietnamese exporters don’t fully understand the Chinese consumption market.
Wei said the State must study the market, grasp its development trends and issue guidelines on agricultural production.
He suggested Vietnamese firms partner with Chinese e-commerce giants to open online outlets and provide farm produce for new supermarkets.
Last year, Vietnam earned 3.5 billion USD from exports of vegetables and fruits, 76 percent of which was earned in China.-VNA
You should also see
Investor confidence gains traction on improved business climate
Better investment climate, with simplified administrative producers and special incentives, has helped improve investor confidence, thus catalysing investments from a wider pool of both domestic and international investors for socio-economic development.
See more
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
Business
Phu Yen, Ninh Thuan attractive to energy project developers
The south-central coastal provinces of Phu Yen and Ninh Thuan have become attractive destinations for investors operating in the energy industry thanks to great potential for renewable energy development.
