VietNamNet Bridge – China buys 85 percent of Vietnam’s total mineral exports, but the price of exports to the market is 60 percent of the average export price. China buys 85 percent of Vietnam’s total ore exports According to GDC (General Department of Customs), Vietnam exported 4.4 million tons of ore and minerals worth $167 million in 2017. Of this, 3.5 million tons, or 85 percent of total exports, went to China, but the export turnover was only 51.4 percent of total mineral export turnover. “Vietnam is an attractive market for China to implement the policy. In fact, the exploitation output can satisfy demand of the country’s industries. However, China is still trying to import minerals with no limitations,” Dong said.
Wild animals and their parts have been found hidden among agricultural products exported to China according to a recent report from Ministry of Finance to the government. Police seize a large number of ivory imported to Vietnam The illegal trading of wild animals which mostly come from Africa is carried out by air and waterways through Laos, Cambodia to Vietnam, and then by road from Vietnam to China, the report said."The smugglers often hide the frozen animals or animal parts including ivory, tiger bones, or rhino horn among agricultural products being exported to China through border gates or open roads…... [read more]
China is a huge potential export market for Vietnam but it is not easy to penetrate. What solution should be worked out to boost Vietnam’s exports to the most populous market in the world? Poor infrastructure, lack of information Vietnamese businesses’ failure to keep up with the changes in China’s border trade policy has affected their exports to this giant market. The case of 36 unsold consignments of cassava starch and dozens of tonnes of water lemons lying at the border gates of Chi Ma and Tan Thanh are a typical case in point. As businesses are not provided with…... [read more]
- After numerous delays, the Ministry of Industry and Trade last week officially issued a circular imposing stricter control on mineral export in order to limit the sale of crude ore abroad.As per Circular 41/2012/TT-BCT on mineral export, from February 4 only enterprises established and operating under the Enterprise Law will be permitted to export minerals. The minerals for export must have legal origins and be processed.The circular is aimed at minimizing the export of crude ore through provisions on which types of minerals are qualified for export, said Nguyen Manh Quan, director of the Department of Heavy Industry under…... [read more]
The Southeast Asian country of Vietnam has so far this year earned around US$1 billion from exports to its neighboring country of China, up over 25 per cent on-year and making up 31.25 per cent of the year’s estimated value, said the Ministry of Trade (MoT). Local exports to the foreign country are very diverse with 15 export items, but staple goods are rubber, seafood, cashew nut, vegetables, fruit, raw minerals and fuel. According to statistics in 2004 of the Chinese Customs Department, the total values of Vietnamese exports accounted for small rates on China’s import map. Crude export revenue…... [read more]
Vietnam National Coal Minerals Industries Group plans to cut exports to China by 7 percent this year because of rising domestic demand, a company executive said. Exports may fall to 17 million metric tons from 18.3 million tons in 2007, Do Dinh Nguyen, the vice general manager at the import and export unit of Vinacomin, as Vietnam National Coal is also known, said this week at a conference in Beijing. The company, which produces more than 90 percent of Vietnam's coal supplies, will export 20 million tons of the fuel this year as output is estimated to reach 40 million…... [read more]
