Vietnam’s seafood export value to China rose to USD 1.28 billion in 2017, helping the country become Vietnam’s fourth biggest seafood importer and accounting for 15 percent of total import turnover.

Nam revealed that the Ministry of Agriculture and Rural Development will soon hold a trade promotion event in the Northern province of Quang Ninh with Chinese importers.

The ministry will also pay working visits to China to address trade barriers for exports of Vietnam’s staples such as seafood, fruits and rice, among others.

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Tra fish processing for exports

China is currently Vietnam’s biggest trade partner, while Vietnam is China’s largest trader in ASEAN.

Two-way trade reached USD 93.6 billion in 2017, up 30 percent year-on-year, and accounting for 22 percent of Vietnam’s total import-export turnover. Of the total, USD 35.4 billion came from Vietnam’s exports.

In the first five months of 2018, Vietnam recorded a year-on-year rise of 9.7 percent in aquatic export value to USD 3.12 billion. The figure for May alone was estimated at USD 671 million.

The US, Japan, China and the Republic of Korea were the four biggest importers of Vietnamese aquatic products between January and April, making up 52.7 percent of total fishery exports in the period.

Meanwhile, markets with strong growth in aquatic imports from Vietnam were the Netherlands (60.2 percent), China (28.8 percent), the UK (27.4 percent) and Germany (27 percent).

Source: VNA