JavaScript is off. Please enable to view full site.

​Vietnam a ‘transit stop’ for China-bound exports of Thai fruit

Saturday, July 14, 2018, 16:56 GMT+7
​Vietnam a ‘transit stop’ for China-bound exports of Thai fruit

Vietnam’s impressive fruit export revenue in the first half of this year adds little value to the country’s economic growth as most of the shipment were re-exports of produce from Thailand.

Vietnam raked in some US$2 billion from exporting vegetables and fruits in H1/2018, a solid 20.3 percent increase from the same period last year, according to data from the Ministry of Industry and Trade.

However, the majority of the export value was generated by temporary import for re-export of produce, mostly from Thailand.

Re-exports are exports of foreign goods in the same state as previously imported, revenue generated from which is still counted as the country’s exports.

As in Vietnam’s case, some Thai fruits were temporarily imported into Vietnam and then all exported to China.

Particularly, Vietnam has imported $266 million worth of Thai fruit in the first five month of this year, and the country’s fruit export to China in the same period was also $266 million, according to the General Department of Customs.

Four types of fruit have been imported to Vietnam and immediately exported to China, with the conditions of the shipment unchanged - fresh longan, durian, mango and dried longan.

The re-exports were all done via the Huu Nghi international border gate in the northern province of Lang Son.

Shipments of this kind, which go from Thailand to China with a ‘transit stop’ in Vietnam, are not subject to any duties in the intermediary country, according to Tran Bang Toan, a customs official at Huu Nghi international border gate.

The re-exports are only charged with some fees and transport services costs.

“This really adds insignificant value to Vietnam, which functions as an intermediary for the China-bound fruit exports from Thailand,” Toan said.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Bao Anh / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news