This was confirmed by the Asia-Pacific Market Department under the Ministry of Industry and Trade (MoIT). |
Vietnam’s key agricultural products to China include fruits and vegetables, cashew nuts, coffee, tea, rice, rubber, and cassava. Last year’s export turnover of these commodities to China rose 17.37% to more than US$4.33 billion. Especially, rice and coffee rose sharply in both volume and value.
China is Vietnam’s leading trade partner with bilateral trade turnover reaching US$41.1 billion in 2012.
Two-way trade turnover reached US$41.07 billion in the past ten months and is likely to hit roughly US$50 billion by the end of 2013.
At the eighth session of the China-Vietnam Economic and Trade Cooperation Committee held in Hanoi in April 2013, the MoIT and the Chinese Ministry of Commerce signed a memorandum of understanding on bilateral cooperation in agricultural exchange with the aim of creating a stable and transparent legal environment for Vietnam’s farm products to penetrate the Chinese market.
