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Update news chinese market
Despite strong growth in ASEAN markets, Vietnam's rice exports to China have dropped to a historic low, with additional challenges threatening prices.
Despite exporting a significant volume of betel nuts to the Chinese market, Vietnam’s imports of this commodity have also surged, with values increasing by 324% in the first eight months of the year.
The price of farm produce skyrocketing at first and then plummeting has been a phenomenon that has occurred in the past and is now happening with areca nuts.
Prices of fresh areca nuts in Vietnam have surged to record highs, primarily driven by strong demand from China.
The issuance of official export permits has driven record-breaking export revenues from key fruits to China, highlighting Vietnam's growing influence in the market.
The Mekong Delta, especially Dong Thap Province, is known for its strong potential for crocodile farming. Recently signed agreements between VN and China have created significant opportunities for the crocodile industry.
Vietnamese fish bladder exports to China have surged, reaching US$21 million in 8 months of 2024. Once a by-product, fish bladders are now a lucrative export for Vietnam’s seafood industry.
During the 13th session of the Vietnam-China Economic and Trade Cooperation Committee in Beijing, discussions led by industry ministers highlighted a significant move by China's automotive leaders to intensify their business and production in VN.
The first-ever Vietnam fruit festival opened in Beijing, China, on September 29, co-organised by the Vietnamese Ministry of Industry and Trade, and Ministry of Agriculture and Rural Development.
China has invested over one billion USD in the first seven months of the year to import cassava starch, primarily from Southeast Asia, with Vietnam contributing nearly 800,000 tons.
With China planning to spend more than $10 billion on durian imports, Vietnamese exporters are cautioned to adhere strictly to Chinese import regulations to capitalize on this burgeoning market.
Fresh coconuts, a burgeoning contributor to Vietnam's agricultural exports, are poised to make a substantial impact on the nation's economy through increased shipments to China, according to officials.
Sanhua Vietnam Co., Ltd, a subsidiary company of Sanhua Holding Group, inaugurated the second phase of its factory to produce air conditioning valves, products, and components, at the An Duong Industrial Park in Hai Phong on September 4.
The first-ever Vietnam Fruit Festival will be held in the Chinese capital of Beijing on September 29 - 30 with the aim of bringing Vietnamese fruits to a larger number of Chinese consumers.
The opening of the Chinese market for crocodile exports from Vietnam will create a great opportunity for this sector to grow faster and more sustainably, Deputy Minister of Agriculture and Rural Development Phung Duc Tien told the media.
With Chinese brands rapidly expanding in the Vietnamese market, experts are calling for protective policies to safeguard local manufacturers and ensure the country’s long-term industrial growth.
Vietnam’s agricultural trade with China has reached a new milestone as frozen durian, fresh coconut, and crocodiles have been granted export approval, opening up vast opportunities for these industries.
China is a top export market for Vietnam’s farm produce, with $7.04 billion worth of produce exported in the first seven months of 2024, an increase of 11.3 percent over the same period last year.
China has become the largest consumer of animal feed and raw materials from the nation, accounting for 40.7% of the country’s total export turnover of animal feed and raw materials, heard a conference held on August 14 in Hanoi.
Many Vietnam busineses that want to sell products to China, with more than one billion consumers, need guidance on how to enter the market.