February 28, 2024

 

Vietnam eyes increased agricultural exports to China

 
 


Vietnam anticipates a boost in its agricultural exports to China this year following discussions aimed at revising regulations to allow greater market access for poultry between the two nations, Voice of America reported.

 

Despite Vietnam's significant agricultural exports, which totalled US$12.2 billion in 2023, livestock products represented only 1% of this value, with milk and milk products comprising the majority of exports, according to official sources.

 

Vietnam's Deputy Minister of Agriculture and Rural Development Tran Thanh Nam announced China's willingness to reconsider the ban on Vietnamese poultry imports during his recent trip to the country. He highlighted the substantial consumer demand for meat products in China, estimated at around US$400 billion annually.

 

Nam's diplomatic efforts in China, spanning from January 14-20, 2024, aimed to strengthen collaboration in agricultural trade between the two nations, particularly in farm produce import and export activities.

 

Vietnam-China bilateral trade has been significant, with Vietnam emerging as China's largest trading partner among ASEAN nations since 2016, according to Chinese customs data.

 

While Chinese imports of Vietnamese agricultural products surged by 20.3% in the first 11 months of 2023 or US$6.2 billion in value, Vietnam's livestock exports to China remain relatively modest due to regulatory barriers and import bans related to avian influenza concerns.

 

In 2023, Vietnam's livestock products constituted only 1% of the total agricultural, forestry and fishery export value to China, amounting to US$12.2 billion, according to the International Trade Council.

 

The International Trade Council highlighted Vietnam's challenges in obtaining official authorisation for meat product exports to China, citing restrictions linked to Highly Pathogenic Avian Influenza (HPAI) and unofficial quotas at border crossings.

 

These hurdles have hindered the full potential of Vietnam's livestock exports to China, necessitating closer cooperation and regulatory revisions to facilitate smoother trade between the two neighbouring nations.

 

-      Voice of America

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