Entering 2023, China removed strict control regulations on imports, which has helped many agricultural product industries expect to boost exports back into this market.
Accordingly, right after China reopened the border (on January 8, 2023), many agricultural products such as rice, fruit, and seafood ... have grown strongly again.
In the dragon fruit capital of Binh Thuan province, the price of white flesh dragon fruit in the garden has increased significantly, ranging from 18,000 to 26,000 VND/kg, while red flesh dragon fruit ranges from 35,000 to 42,000 VND/kg.
Recently, the export price of durian (with planting area code) has continuously increased. If in December 2022, the price of first-class durian purchased at the garden is about 80,000 VND/kg, an increase of 20,000 - 25,000 VND/kg compared to the previous season, the current increase is about 10,000 VND/kg.
According to Mr. Dang Phuc Nguyen, General Secretary of the Vietnam Fruit and Vegetable Association, the opening of the Chinese market and the restoration of the border customs clearance, and Vietnam has signed 15 free trade agreements that will create a great impetus for fruit and vegetable exports.
"It is forecasted that 2023 is a boom year for fruit and vegetable exports, if in 2022 it will reach US$3.34 billion, in 2023, it will reach US$4 billion", said Nguyen.
Along with vegetables, it is forecasted that the demand for seafood from the market of billions of people will also "explode" like the European and American markets after the COVID-19 epidemic in the years 2020, 2021 and offset the decrease in orders from these countries.
Ong Hang Van, Deputy General Director of TG Fishery Holdings Corporation, said that in 2023 there will be "bright spots", especially when China has lifted the blockade orders, helping to stimulate the consumption demand of the people of this country to increase.
In addition, according to Mr. Van, after facing difficulties in the fourth quarter of 2022 because of worldwide inflation, the foreign currency exchange rate was pushed up and interest rates were adjusted, and tightening monetary policy, was in the first and second quarters of 2023, it will "light up" because world inflation has softened.
Although the market has not returned to normal, it has shown more favorable signs, so seafood still has many growth opportunities in 2023.
However, the reopening of China also poses more stringent requirements for Vietnamese businesses.
The stages of coding the planting area and product packaging are only monitored online by your country, now they have the opportunity to travel for direct inspection. If an agricultural product exporter does not do business methodically, and lacks thoroughness in complying with the signed regulations, it is very easy for customers to terminate orders.
Similarly, Mr. Le Thanh Tung, Deputy Director of the Department of Crop Production under the Ministry of Agriculture and Rural Development, said that If China abandons the "zero Covid-19" policy, it can also re-apply it, so if Vietnam does not actively maintain it, it will be very vulnerable.
"Therefore, the important issue for manufacturers and exporters today is that they should meet China's strict requirements before they can hope to stabilize exports in 2023".