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China has opened its doors wide for Vietnamese agricultural exports, presenting immense opportunities for growth. In the first 11 months of 2023, China imported $6.2 billion worth of Vietnamese agricultural products, a 20.3% increase year-over-year[1][3].
China has surpassed the U.S. as Vietnam's largest market for fruits, vegetables, and other agricultural goods, accounting for 23% of Vietnam's total agricultural export value[3]. To further boost trade, China has agreed to review regulations allowing greater imports of Vietnamese poultry, fish, and fruits[5]. With its large consumer base and rising demand, China offers significant potential for Vietnamese farmers and exporters to expand their reach and profitability in the coming years.
Citations:
[1] https://vico.com.hk/resource/news/exporting-vietnams-agricultural-delights-to-china-in-2023
[2] https://vneconomy.vn/vietnam-seeks-further-expansion-of-agricultural-exports-to-china.htm
[3] https://eng.yidaiyilu.gov.cn/p/06BFS4GS.html
[4] https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11045053/
[5] https://www.voanews.com/a/vietnam-has-high-hopes-for-increasing-food-exports-to-china-/7503565.html
[6] https://global.chinadaily.com.cn/a/202312/12/WS65787cfea31040ac301a76b5.html
[7] https://www.foodsecurityportal.org/tools/COVID-19-food-trade-policy-tracker
[8] https://www.nationalpotatocouncil.org/advocacy/policy-priorities/trade/
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