Vietnamese firms prepare for Chinese market’s reopening

Friday, 06/01/2023 17:15
Vietnamese businesses, especially those operating in the agricultural sector, have made all necessary preparations and are ready for the reopening of the Chinese market from January 8, reported Vietnam News Agency.
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Durian is one among the products expected to enjoy strong export growth after China's reopening. (Photo: thanhnien.vn)

Many Vietnamese agricultural and aquatic products such as rice, fruits, shrimp and fish, are expected to enjoy strong export growth following China’s reopening of its market. At present, prices of several products have reported surges.

Nguyen Thuy Thuan, Director of Tra Thanh Long Company in Ho Chi Minh City, said that the price of dragon fruits currently surpasses 30,000 VND (1.28 USD) per kilogramme, much higher than the 1,000-2,000 VND per kilogramme in the same period last year.

Shrimp is also one of the products that are favoured by Chinese people on the occasion of the Lunar New Year (Tet) festival which will be celebrated later this month. At present, Chinese enterprises are increasing imports of black tiger shrimp.

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Dragon fruits among the products favored in the Chinese market. (Photo: congthuong.vn) 

To meet a 40% rise in orders from Chinese partners, Anh Khoa Co. Ltd. in the southernmost province of Ca Mau is actively coordinating with farming areas to purchase shrimp right after Tet in order to serve this market.

The Border Office of the Guangxi Zhuang Autonomous Region (China) announced that it will maintain customs clearance during the Tet holidays to ensure that trade activities and supply chains are maintained smoothly to facilitate import and export activities of both sides.

From January 21 to 27 (the 30th day of the last lunar month to the sixth day of the first lunar month), all border gates in Guangxi will carry out customs clearance by appointment.

Some 10 million Vietnamese products sold on Amazon

In 2022, Vietnamese sales partners have sold nearly 10 million products on Amazon’s online stores globally, and the export value of Vietnamese sales partners on Amazon has increased more than 45%.

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Photo for illustration. (Source: baodautu.vn) 

Amazon Global Selling has officially released the report on cross-border e-commerce business on Amazon. Accordingly, despite the challenges of the world economic situation, cross-border e-commerce still shows many positive growth signals, contributing to the recovery of local businesses.

Specifically, the number of Vietnamese sales partners on Amazon increased by more than 80%, most of which are small and medium enterprises.

Many Vietnamese small and medium enterprises such as AnEco, Lafooco, Sunhouse or HMG continue to be successful as they welcome the cross-border e-commerce wave with Amazon, creating more jobs for local people.

Amazon Global Selling’s Small and Medium Enterprise Empowerment Report also shows how Vietnamese businesses have overcome challenges over the past 12 months, confidently and boldly experimenting with new business models and the sales growth results from online sales and exports.

Specifically, the number of products sold by Vietnamese sales partners on Amazon’s stores increased by more than 35% over the same period last year. The number of sales partners in Vietnam exceeded the sales milestone of 500,000 USD when doing business on Amazon, increasing by 60% over the same period last year.

Kon Tum strives to have 10,000 hectares of Ngoc Linh ginseng by 2030

The Central Highlands province of Kon Tum has set a goal to form a concentrated medicinal herb growing area by 2025, with about 4,500 hectares of Ngoc Linh ginseng; and by 2030 have 25,000 ha of medicinal herbs, including 10,000 ha of Ngoc Linh ginseng.

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Ngoc Linh ginseng seedling. (Photo: VNA) 

The Kon Tum People’s Committee has just issued a project on the investment, development and processing of medicinal herbs in the province until 2025 and orientation to 2030.

The promulgation and implementation of the project aims to exploit the potential and advantages of the province on medicinal herbs; sustainably and effectively use existing natural medicinal materials; and develop the Kon Tum herbal medicinal area into a national key medicinal area and a major pharmaceutical production center of the country by 2025.

During the implementation process, Kon Tum divided the project into 2 phases; in which the 2018-2020 period has been completed. The 2021-2030 period  is being implemented.

As of the end of 2022, Kon Tum has about 1,749 hectares of Ngoc Linh ginseng; in which, the newly planted area of 508 ha is mainly developed by Ngoc Linh Kon Tum Ginseng Joint Stock Company and Dak To Forestry One Member Limited Liability Company.

The area of other medicinal herbs was approximately 5,120 ha, reaching 109.8% of the plan, of which, nearly 2,500 ha were newly planted, reaching 122.8% of the plan.

Hanoi strives to have 20 more enterprises in supporting industries

The Hanoi People’s Committee has issued a Plan on the Program to develop the supporting industry in Hanoi in 2023.

The plan aims to concretize the orientations, goals and tasks of the supporting industry development program in 2020-2025; encourage the development of supporting industries, and improve the capacity of Hanoi’s supporting industry enterprises in the new post-COVID-19 situation.

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The production line of motorcycle tires at Manh Quang Mechanical Company Limited in Thanh Tri district. (Photo: hanoimoi.com.vn)

The plan also sets a target to have about 950 enterprises operating in the fields of supporting industries in 2023, an increase of about 20 enterprises compared to 2022; in which there are about 300-350 enterprises with production systems and products of international standards, sufficient supply capacity to participate in the global production network of multinational corporations in Vietnam.

The industrial production value of the supporting industry accounts for about 16-17% of industrial production value of the processing and manufacturing industry in Hanoi, and the industrial development index of the supporting industry sector increases over 11-12% every year, up about 1% compared to 2022.

Aiming to realize the target, the plan proposes four contents, such as supporting enterprises to apply management systems to meet the requirements of global production chains in corporate governance and production management; and supporting research, development and application of technology transfer and innovation in trial production of components, spare parts, and materials./.

BTA

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