Vietnam urges small firms to move to official cross-border export path

09 Jul '23

1 min read

Pic: Shutterstock

Insights

Vietnam is collecting opinions on amending and supplementing a number of articles of the decree on border trade activities to accelerate shifting small businesses engaged in informal exports to the official cross-border export channel, especially with China.
Firms are being advised to proactively partner with larger traders and distribution chains in China.

Vietnam’s industry and trade ministry (MoIT) is collecting opinions on amending and supplementing a number of articles of the decree on border trade activities to accelerate shifting small businesses engaged in informal exports to the official cross-border export channel.

Customs clearance activities are recovering this year after a long pandemic-induced hiatus.

Cross-border trade and export, especially with China, will face many difficulties and challenges. Therefore, encouraging businesses to shift to the official exports channel will help small businesses meet the requirements of the Chinese market, experts feel.

A project to shift small-scale export firms to official cross-border trade with China is still in the drafting process, according to a news agency report.

Businesses are being advised to proactively partner with larger traders and distribution chains in China.

A strategy needs to be formulated for the industry to develop concentrated and large-scale specialised production areas in response to market signals.

Fibre2Fashion News Desk (DS)

More Textiles News - Vietnam...