Greater efforts needed to open up new opportunities in Vietnam-China trade
There remained big challenges in Vietnam's exports to China, as the market has been and will continue to impose higher requirements on both export and import standards, said Tran Quang Huy, Director of the Ministry of Industry and Trade’s Asia-Africa Market Department.
The fruit-laden truck arrived at the Tan Thanh border gate area in Lang Son province. (Photo: VNA)
Hanoi (VNA) – There remained big challenges in Vietnam's exports to China, as the market has been andwill continue to impose higher requirements on both export and import standards, said Tran Quang Huy, Director of the Ministry of Industry and Trade’sAsia-Africa Market Department.
According to the department, the bilateral trade reached 175.6billion USD in 2022, accounting for approximately 24% of Vietnam's totalimport-export turnover. In the first five months of this year, the two-way trade valuehit 61.5 billion USD, an annual decrease of 14.5%. It is worth noting thatVietnam's exports to and imports from China account for 15% and 32.8% of its respectivetotal figures with the world.
Minister of Industry and Trade Nguyen Hong Dien said Chinais no longer an easy market as before, and that this big economy have been still exporting many products. Chinese exports are quite similar to those fromVietnam, posing both advantages and challenges for Vietnamese goods, henoted.
For better exports to the market, the minister advisedbusinesses to adapt their production methods towards safety and specificstandards, and ensure that their cultivation processes meet traceability requirements.
A representative of the Vietnam Trade Office in China has proposed enterprises further enhance the quality of goods, strictly implement measures for foodsafety inspections, adhere to packaging regulations, and improve thecompetitiveness of their products. Improving packaging designs to better suitthe market’s consumer preferences is also necessary.
Le Quang Trung, Vice Chairman of the Vietnam LogisticsService Business Association, recommended relevant ministries and sectors to considerestablishing a customs clearance centre at Vietnam-China border gates to quicklyaddress any arising issues in the process. Additionally, streamliningadministrative procedures between their customs authorities will help shortenthe clearance time and expedite the flow of goods, he added.
Given the situation, Prime Minister Pham Minh Chinh’s ongoingofficial visit to China from June 25 to 28 is expected to further strengthen,expand, and enhance the effectiveness of the countries’ relationship acrossfields, particularly economy and trade./.
The international road passenger transport route between the Mu La Thang border gate in Vietnam’s Lai Chau province and the Jin Shuihe border gate in China’s Yunnan province has been opened to traffic following a ceremony on June 13.
The coming trip to China by Prime Minister Pham Minh Chinh is his first official visit there and also the first of its kind by a Government leader of Vietnam in seven years, expected to further intensify the two countries’ comprehensive strategic cooperative partnership.
Prime Minister Pham Minh Chinh left Hanoi on June 25 to pay an official visit to China and attend the 14th Annual Meeting of the New Champions (AMNC) of the World Economic Forum (WEF) until June 28.
Vietnamese Prime Minister Pham Minh Chinh and Chinese Premier Li Qiang discussed and agreed on many important contents during their talks in Beijing, China, on June 26.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The fruit-laden truck arrived at the Tan Thanh border gate area in Lang Son province. (Photo: VNA) 
