Saturday, July 25, 2009

Vietnam aims to increase exports to China

July 25, 2009

Five measures to boost Vietnam’s exports to China were proposed by economic experts at a seminar in Hanoi on July 24 to discuss the Chinese market.

The measures focus on creating the necessary trade facilities and goods delivery system at border gates with China, as well as providing information on this market and trade policies available.

Vietnam’s exports to China last year reached US$4.53 billion, making up just 0.4 pecent of the latter’s total imports, said Deputy Minister of Trade and Industry Nguyen Thanh Bien, adding that the country is still a potential market for Vietnamese exporters.

In order to reduce trade deficit with China, it is necessary for Vietnam to increase its exports to the neighbouring country, he noted.

China has been Vietnam’s largest trading partner since 2004.

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