“As Vietnam is seeing as great trade deficit with China, you [Chinese businesses] should also import more products from Vietnam, starting with agricultural products, to balance trade between the two countries,” the prime minister said at a meeting with Chinese businesses in Shanghai before the Nov. 5-10 China International Import Expo (CIIE). “This is in line with the policy of China’s top leaders, who have repeatedly told us that they are keen to move towards a trade balance between China and Vietnam,” he added. China is currently the largest market for agricultural products in Vietnam with the export turnover of agriculture, forestry and fishery products this year estimated at over $35 billion, up nearly 9 percent over the same period last year, Voice of Vietnam quoted Phuc as saying. However, most Vietnamese produce are mostly consumed in China’s southern Yunnan Province and the Guangxi region bordering Vietnam, not in the rest of the country, he said. As the second largest agricultural produce exporter in ASEAN with over 20 agriculture products that have an annual export value of over $1 billion worth, Vietnam offers many products favored by Chinese consumers, he said. Many Vietnamese agriculture produce are among the world’s best,… Read full this story
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