China hopes that there will be more farm produce cooperation opportunities with Viet Nam as the two countries are both diverse in agricultural resources and their farm produce sectors complement each other, according to Rong Wei Dong, Vice President of the China Chamber of Commerce of Foodstuffs and Native Produce (CFNA).
The Viet Nam Trade and Investment Matchmaking Meeting, held yesterday in Ha Noi, was aimed at creating opportunities for enterprises between the two countries to boost cooperation and trade in the farm produce sector.
Farm produce of China exported to Viet Nam hit US$2.4 billion in the first three quarters this year, a year-on-year increase of 13 per cent.
Statistics showed that Vietnamese agricultural exports fell by 4.9 per cent in the first three quarters.
Meanwhile, the country's rice, coffee, banana and pepper exports to China increased 19.4 per cent with a total export revenue of $4.3 billion.
China mainly exports apples, mandarins, and grapes to Viet Nam while Viet Nam exports mainly longans, litchis, banana and rice to China.
The president also highlighted that cross-border e-commerce development has created new cooperation opportunities as many orders on farm produce were traded successfully.
On the Vietnamese side, Truong Viet Dung, deputy director of the Ha Noi Trade Promotion Agency, said that the centre would boost cooperation with relevant agencies of China to hold investment promotion activities to provide economic information to enterprises in the near future.
