Vietnam to boost exports with higher values to China
22/3/2005 15:26
Vietnam is trying to penetrate more deeply into Chinese markets with
products of higher values, in a move to generate an export revenue of US$3
billion this year.
The Vietnam Rubber Corporation will limit the export of
unprocessed latex to China, and intensify the export of processed rubber
products instead, while local seafood and woodwork firms are making efforts to
penetrate into major Chinese cities, according to local newspaper Pioneer on
Tuesday.
Vietnamese seafood enterprises have mapped out plans to bring more
products to China's southwestern provinces, instead of focusing too much on the
United States and the European Union, and local woodwork producers plan to
export their imitation antiques to two Chinese cities of Beijing and Shanghai.
Now, prices of their products delivered at the border are equal to only one
third of those exported to Chinese big cities.
While volumes of Vietnamese
fruits and vegetables exported to China have dropped in recent years due to
fiercer competition from Thai counterparts, some local private companies have
still managed to reach further into the foreign market with special products
having high-quality and fine packages. Vietnamese companies will export more
fruits and vegetables to China in 2006 when tariffs on most of farm products
drop to zero percent, the paper said.
Vietnam exports mainly crude oil,
rubber, fruits, vegetables, seafood and materials for medicine production to
China. The two countries have targeted two-way trade of US$5 billion in 2005 and
US$10 billion in 2010.
Xinhua
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