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Vietnam-China border trade sharply falls in Jan-Apr due to COVID curbs
06 Jul '22
1 min read
Pic: Shutterstock
As China tightened COVID-19 restrictions resulting in border congestions, Vietnam's overland trade with the Asian giant sharply fell in January-April this year. Vietnamese firms shipped $509 million worth of goods to China through the border—an 87 per cent fall year on year, customs data show. Imports from China dropped by 52.5 per cent to $3.64 billion in that period.
Vietnam’s ministry of industry and trade said apart from China’s zero-COVID strategy and strict control of cross-border movement that badly affected trade, lack of transport, logistic and cross-border trade infrastructure worsened the situation, according to Vietnamese media reports.
Though trading through key border gates in the northern provinces of Lao Cai and Lang Son has resumed, customs clearance has yet to return to pre-pandemic levels. The border congestion could escalate without adequate action, the ministry cautioned.
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