Vietnam aims to increase exports to China

Five measures to boost Vietnam’s exports to China were proposed by economic experts at a seminar in Hanoi on July 24 to discuss the Chinese market.

The measures focus on creating the necessary trade facilities and goods delivery system at border gates with China, as well as providing information on this market and trade policies available.

Vietnam’s exports to China last year reached US$4.53 billion, making up just 0.4 pecent of the latter’s total imports, said Deputy Minister of Trade and Industry Nguyen Thanh Bien, adding that the country is still a potential market for Vietnamese exporters.

In order to reduce trade deficit with China, it is necessary for Vietnam to increase its exports to the neighbouring country, he noted.

China has been Vietnam’s largest trading partner since 2004.

vov

>   Oilfield gas link-up starts operation (25/07/2009)

>   Lam Dong District to provide new coffee breed to growers (25/07/2009)

>   Bauxite mines under scrutiny for social, environmental impact (25/07/2009)

>   Chevron, Mitsui, PetroVietnam sign Vietnam gas accord (25/07/2009)

>   Japan’s No. 2 retailer to build Vietnam’s largest supermarket (25/07/2009)

>   Inflation eases in first seven months; trade deficit narrows (25/07/2009)

>   Stricter measures proposed as dubious quality fertilizers surge (25/07/2009)

>   Vietnam poised for higher second half growth: World Bank (25/07/2009)

>   Exports make a modest recovery (25/07/2009)

>   Formosa renews pledge on petrochemical project in Ha Tinh (25/07/2009)