Vietnam seeks to improve cross-border trade with China

09:32 | 13/12/2019 Trade

(VEN) - Hundreds of dragon fruit containers were stuck last month at the border crossing to China in northern Lang Son Province, reflecting Vietnam’s unstable and inefficient border trade as neighboring markets, especially China, are tightening import regulations.

vietnam seeks to improve cross border trade with china

Difficulties

Data from northern border provinces show that border trade with China accounts for 25-30 percent of Vietnamese-Chinese trade value. In the first nine months of 2019, bilateral border trade reached an estimated at US$19.431 billion, up 10.5 percent from the same period last year.

According to Tran Thanh Hai, Deputy Director of the Agency of Foreign Trade under the Ministry of Industry and Trade, although it contributes to promoting bilateral trade, border trade with China remains unstable and less efficient, especially in the context of China’s strengthening of quality, quarantine and food safety and hygiene control.

Solutions

The Ministry of Industry and Trade is seeking solutions to promote Vietnamese-Chinese border trade on a stable, sustainable and efficient basis, including strengthening the enforcement of laws on border trade management, especially Government Decree 14/2018/ND-CP and 2016 Vietnam-China Border Trade Agreement; and building orientations for development of border trade with adjacent countries in the medium and long term.

The ministry will strengthen coordination with other ministries, sectors and localities to review and assess the situation and implement specific measures in order to improve the efficiency of border trade management. It will also promote administrative reform, simplify import and export management procedures, and minimize unnecessary procedures, while strengthening the provision of market information and other support services for border trade, connecting border localities with other localities, and linking producers with exporters.

Border provinces will take the initiative in organizing and managing trade activities based on agreements and policies approved by the government, ministries and sectors, and strengthen all levels of border trade management and development.

Other solutions include building border trade infrastructure data bases, and proposing and promulgating policies to attract investment in transport and commercial infrastructure development to cater for border trade.

Goods traded through Vietnamese-Chinese border crossings mainly include rubber, agricultural products, seafood, sliced cassava, cassava starch, paddy rice, rice, sugar, fresh fruits, and plank wood.

Ngoc Bao