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Firms urged to prepare for impacts of coronavirus

The Import-Export Department under the Ministry of Industry and Trade is keeping a close watch on the development of the coronavirus, urging firms to prepare for impacts of the epidemic on exports, especially shipments of agricultural products, to China.
Firms urged to prepare for impacts of coronavirus ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) –
TheImport-Export Department under the Ministry of Industry and Trade is keeping aclose watch on the development of the coronavirus, urging firms to prepare fornegative impacts of the epidemic on exports, especially shipments of agriculturalproducts, to China.

Currently, the epidemic hadnot yet had a significant impact on import and export activities between Vietnamand China, the department said.

However, there were signsthat sales of some agricultural products in China had started to slow due tothe development of the epidemic. In addition, ongoing strict disease preventionmeasures also made transportation of goods much more difficult.

The department learned thatborder gates in Pingxiang, Guangxi which bordered Vietnam’s Lang Son provincewould close until February 8, except for Friendship Pass which would open onFebruary 3, as an effort to prevent the epidemic from spreading.

The department said traffic as well as cross-border transportation of goodsbetween Vietnam and China might be affected.

The department urged Vietnamese firms, especially those exporting agriculturalproducts to China, to prepare for their partners in China not being able toreceive goods. Firms should change delivery methods or seek other markets fortheir products.

Firms must also regularly discuss with their partners in China to remainupdated of any changes to the epidemic, the department said.

The ministry would keep providing updates on the epidemic and its impacts onimport-export activities.

Vietnam exported goods worth 41.41billion USD in 2019, around 20 percent of which came from agro-fishery products.

China was the largest market for Vietnam’s agricultural products./.
VNA

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