The China Business Association in Ho Chi Minh City has expressed its interest in being a bridge for home firms to import farm produce in bulk from the Mekong Delta city of Can Tho, its President Miao Ren Lai told Can Tho authorities in a working session on June 17.
China consumes a major volume of farm produce from Vietnam and the Mekong Delta in particular, especially fruit. However, most transactions are made cross-border putting Vietnamese farmers at risk, including price loss and contract violations.
For the Chinese side, imported farm produce through cross-border channels have failed to meet Global GAP or origin certifications, leading to hesitant consumers.
To address the problem, Miao urged municipal authorities to facilitate Chinese investment in the locality, making it easier for the two sides to sign high-value trade contracts via formal channels.
Chairman of the municipal People’s Committee Le Hung Dung said there are only three Chinese businesses operating in Can Tho, a modest figure compared to bilateral economic potentials.
Besides farm produce, he also proposed cooperation in garment and transport infrastructure.
Can Tho is building three hi-tech agriculture complexes in Co Do and Thoi Lai districts at a total cost of US$44.1 million, he added.