China, Vietnam trade a boost amid gloomy outlook

“Since the RCEP came into effect on Jan 1, 2022, and especially after China allowed the importation of a number of Vietnamese agricultural products, such as durian, bird’s nest, sweet potato and passion fruit, Vietnamese enterprises have found big opportunities to export to the northern neighbour,” said Dinh Gia Nghia, deputy general director of Dong Giao Foodstuff Export Joint Stock Co.

HANOI: Despite a gloomy global picture of rising fuel prices, inflation and disruptions to supply chains, two-way trade between China and Vietnam last year achieved high growth, thanks to the implementation of the Regional Comprehensive Economic Partnership (RCEP).

“Since the RCEP came into effect on Jan 1, 2022, and especially after China allowed the importation of a number of Vietnamese agricultural products, such as durian, bird’s nest, sweet potato and passion fruit, Vietnamese enterprises have found big opportunities to export to the northern neighbour,” said Dinh Gia Nghia, deputy general director of Dong Giao Foodstuff Export Joint Stock Co.