China has imported $2.11 billion worth of farm products from Vietnam in the first nine months of the year, up 23.1 percent year-on-year, said Shen Danyang, spokesperson of the Ministry of Commerce, on Wednesday [4 November 2015]. Citing figures from the General Administration of Customs, Shen said farm product exports from China to Vietnam totaled $2.39 billion in the first three quarters, up 15.3 percent year-on-year…Full Article: China Daily Nov 2015

Key Point

  • In 2013, China and Vietnam signed a Memorandum of Understanding (MoU) relating to agricultural trade and cooperation.

ChinaAg Comments

  • In July 2015, the city of Guangzhou, Guangdong province, hosted a conference on Vietnam-China rice and farm produce trade.
  • In August 2014, China planned to close some border points along the Chinese-Vietnamese border, including the Tan Thanh checkpoint in Lang Son Province (across from Guangxi region). Chinese authorities stated that the checkpoints need to be closed in order to institute new regulations on farm produce imports.
  • In May 2014, Vietnamese consumers began boycotting Chinese products after China built a US$1 billion oil rig in Vietnamese waters (near the Paracel Islands). The rig was later removed in July.

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