China will be the largest market for Vietnamese agricultural products in 2023.

DNHN - This is one of the pieces of information shared by businesses at the Forum program connecting supply and demand, which introduced the market and mechanism for Vietnamese enterprises to participate in the "Vietnamese agricultural product stall"

Ho Chi Minh City has just hosted the program co-organized by the Agricultural Trade Promotion Centre and Sunwah Group (Hong Kong, China). Based on the signed letter of intent for cooperation and under the direction of the leaders of the Ministry of Agriculture and Rural Development, Ho Chi Minh City will assist units and businesses in the southern provinces that require access to the Chinese market. Agriculture and Rural Development (Agriculture and Rural Development), to promote value-added and exporting Vietnamese agricultural products to the Chinese market by establishing "Vietnamese agricultural products stall" on commercial platforms. Chinese commerce.

Mr. Jesse Choi - Southeast Asia Regional Director, and General Director of Sunwah Group in Vietnam, stated, "With the strong support of leaders of the Ministry of Agriculture and Rural Development, Sunwah Group and the Centre for Agricultural Trade Promotion have reached a cooperation agreement to promote the export of Vietnamese agricultural products to the Chinese market. Sunwah Group will do its best to support Vietnam's high-quality agricultural products, drawing on its more than 60 years of development experience in China and its extensive network of business partnerships. penetrate various Chinese provinces. In addition, through cooperation with the Agricultural Trade Promotion Centre, a Vietnamese agricultural product booth will be constructed on Chinese e-commerce platforms to introduce the country, its people, and its agriculture. I believe that this partnership can encourage the two parties to share resources and complement one another, while simultaneously expanding the market."

"We hope that the two sides can strengthen their exchanges and cooperation, raise their technical standards, and achieve mutually beneficial outcomes. Mr. Jesse Choi emphasized that Sunwah Group is willing to promote China-Vietnam agricultural cooperation to a higher level, thereby contributing to the economic development and prosperity of China and Vietnam.

E-commerce is currently a business model in which consumers use the Internet for online shopping, merchants conduct online transactions, and online electronic payment activities are conducted. E-commerce can provide comprehensive services such as online transactions and management; as a result, it can perform a variety of functions, including advertising, propaganda, consulting, negotiation, and ordering. online, online payment, electronic management of accounts and transactions...

Since 2015, China's total e-commerce transactions have increased from $4 trillion to nearly $6 trillion by 2020. In 2020, online retail sales will reach $2 trillion, becoming a significant selling market. the world's largest online retailer for eight consecutive years. By the year 2020, online retailing will account for nearly a quarter of the total retail sales of consumer goods in society, making e-commerce one of the most essential consumption channels for the populace.

Cross-border e-commerce is a new type of business in which buyers and sellers from different countries or regions use the Internet to digitize products, negotiate, and conduct business. traditional trade, to complete the product's importation. The primary forms are B2B, B2C, and C2C. Which, the form of B2C, refers to companies selling consumer goods directly to foreign end consumers. With this form, businesses can sell products and build their brands.

China's cross-border e-commerce market will reach nearly 3 trillion USD in 2022, representing 37.32 percent of the total value of international trade in goods.

It is common knowledge that China is our country's largest agricultural export market. According to statistics, the value of farm exports to China increased by 7.7% during the first half of 2023, accounting for 21% of the total value of agricultural exports. In this case, vegetable products reached 2.75 billion dollars, rice products reached 390.6 million dollars, cashew nuts reached 259 million dollars, and coffee reached 71.4 million dollars...

China will be the largest destination for Vietnamese agricultural products in 2023 due to a surge in demand, despite the difficult global economic situation and global inflation, according to experts. proximate geographic location reduced logistical expenses and risks. The Chinese market is anticipated to be a catalyst for the agricultural sector to achieve its goal of exporting 54-55 billion USD in agricultural products this year.

In addition, the Agricultural Trade Promotion Centre announced during the program that it would organize the first-ever Vietnamese business delegation to attend the Ha Nam International Trade and Investment Fair (CHIITF). China's Henan province will host the 14th from September 26-28, 2023.

Currently, only Guangxi, Yunnan, and Guangdong provinces in China's south allow nearly 100 percent of Vietnam's agricultural exports access to their respective markets. More than half of China's population of approximately 765 million people is concentrated in the central provinces (near Ha Nam province), where Vietnamese agricultural products have barely penetrated. Participation in this fair will also provide Vietnamese businesses in the fields of agricultural production, food processing, beverages, and consumer goods with opportunities for cooperation and investment.

On the Chinese side, Ms Wang Yanli, Deputy Director of the Luoyang General Bonded Zone Public Service Centre, presented special policies and cooperation areas. This region was officially sanctioned by the State Council of China on May 24, 2020, and received inter-sectoral approval on December 2, 2021, presided over by the General Administration of China Customs. The bonded zone is located to the city's southwest. Lac Duong, which is surrounded by high-tech research and development facilities, high-level manufacturing plants, and a rare ecological industrial park in a modern urban area with modern services, and international trade, is a center for international commerce. In addition, the General Bonded Area is a special customs supervision area established in China's interior that serves as a bonded port area. Customs conducts management and practice of special trade, tax, and foreign exchange policies, using the operating method of "import and export within China", by the relevant regulations. suitable for bonded business activities including international border-gate trade; procurement, distribution, and international shipping; trading and displaying imported goods; research and development...

Uyen Nhi