Vietnam is a leading trade partner of China’s Guangzhou city, Guangdong province, in ASEAN, said Luo Zheng, director of the Comprehensive Division of the Commission of Commerce of the municipal government, on July 4.
In a press conference on the development
of Guangzhou, Zheng said two-way trade between Vietnam and Guangzhou rose by
10.2% to US$2.8 billion in 2016.
Guangzhou shipped to Vietnam US$1.83
billion worth of commodities last year, a year-on-year increase of 12.3%,
doubling Vietnam’s exports to the city which was estimated at US$970 million,
up 6.5%.
It made Vietnam the second largest trade
partner of Guangzhou in ASEAN, after Malaysia who reported US$3.48 billion in
trade with the Chinese city.
The future is even brighter for the two
sides when the bilateral trade hit US$1.83 billion in the first five months of
2017, up 82.2% year-on-year, surpassing Malaysia. Guangzhou continued to enjoy
a trade surplus of US$970 million, with exports to Vietnam worth US$1.4
billion, during the period.
According to Zheng, Guangzhou
established four new enterprises in Vietnam last year; and by May 2017, the
city has had 21 new businesses, bringing its total investment in the country up
to approximately US$50 million.
Meanwhile, as of May, Vietnam has
established nine companies in Guangzhou, raising the total investment in the
city to US$6.48 million.
Guangzhou and Guangdong have closely
coordinated with Vietnam’s localities, businesses and business associations to
build foundation for the bilateral trade and cooperation between the two sides,
Zheng affirmed.
Source: VNA
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With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
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Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
