Vietnam exporters urged to look for alternative markets amid China’s nCov outbreak
The epidemic has not left major impacts on bilateral trade relations, said the Ministry of Industry and Trade.
![](http://media.hanoitimes.vn/2021/05/14/logo_hntimes.png)
Vietnamese enterprises, particularly agriculture-related businesses, should look for alternative markets beyond China or find other delivery methods, as some border gates between the two countries have been closed due to the spread of a new coronavirus, according to the Ministry of Industry and Trade (MoIT).
Illustrative photo. |
Enterprises are urged to closely update on the situation and maintain communication channels with their Chinese partners to prepare for any changes that could occur amid the outbreak of the 2019 nCoV in China, stated the MoIT in a statement.
The border gate between Vietnam and China on the Chinese side in Pingxiang is expected to remain closed until February 8, 2020, except for the Huu Nghi Quan border gate in Lang Son province that would reopen on February 3, as part of measures to avoid the spread of the disease.
The MoIT said if the outbreak continues, transportation and travel between Vietnam and China would be restrained, affecting trade flow via border gates.
The MoIT, nevertheless, said the epidemic has not exerted major impacts on bilateral trade relations. However, consumption demand of agricultural products in China has slowed due to the complicated nature of the epidemic outbreak.
Moreover, strict measures in China since the outbreak are causing difficulties for transportation of goods among its provinces and cities, said the MoIT.
China is currently one of major export markets for Vietnamese fisheries and agricultural products. The main farm export items to China include vegetables, cashew, coffee, rice, cassava products, rubber and aquatic products.
Bilateral trade between Vietnam and China reached nearly US$117 billion in 2019, up 9.6% year-on-year, according to the General Department of Vietnam Customs.
Cases of infection with the nCov, or Wuhan virus, have increased to at least 9,000 and reported in 20 countries and territories, including Vietnam, Thailand, South Korea, Japan, Hong Kong, the US, Malaysia, among others.
Recently, the World Health Organization (WHO) has declared the outbreak as a global health emergency, citing the potential spread to countries that are not prepared to deal with the issue as reason.
Such declaration has only been use five times before. A global emergency was declared for two Ebola outbreaks: one that started in 2013 in West Africa and another that has been ongoing in Congo since 2018. Other emergency alerts were used for the 2016 Zika epidemic, for polio emerging in war zones in 2014, and for the swine-flu pandemic in 2009.
Other News
- Vietnamese consumers spend US$32 million daily on online shopping
- Vietnam targets US$7,500 GDP per capita by 2030
- Gov’t mulls creation of oil and gas trading exchange
- Hanoi promotes women's role in safe agri-food trade
- Vietnam’s stock market set for strong year-end growth
- Hanoi ramps up food safety inspections, identifying and rectifying violations
- Vietnam under pressure to achieve high growth in 2024-2025
- Early warnings help Vietnam mitigate trade probe impacts
- Hanoi's key industries in high recruitment demand
- Continued political trust building between Vietnam and Cambodia
Trending
-
State Funeral held for Communist Party Chief Nguyen Phu Trong
-
Vietnam news in brief - July 26
-
Legal tools required to tackle air pollution issues in Hanoi
-
How fake news hooks us?
-
South Korean writer spends 10 years on book about CPV General Secretary
-
Rustic charm of Hanoi's street vendors: Timeless beauty
-
iHaNoi sees 52,000 registered accounts, 20,000 daily visits
-
Youth-Led Environmental Initiative in Hanoi
-
Unique lotus flower art on display in Hanoi