More than 100 Vietnamese cargo trucks have been stored in China since last year due to contract disputes and substandard goods preservation. Efforts to resolve the situation have not been successful so far, leading to the detention of these vehicles in Hekou, China. The Lao Cai Economic Zone Management Board has warned provincial business associations of the rising number of detained Vietnamese vehicles in Hekou. The board suggests that Vietnamese and Chinese businesses establish clear terms and records in contracts to create a healthy business environment.
Vietnamese businesses are also urged to improve product quality to maintain the reputation of exported goods. In terms of import and export activities through the Lao Cai international border gate, there has been a significant increase in the value of goods traded in 2023 compared to the previous year. Import of Vietnamese agricultural products by China has increased, with exports doubling in the first three months of this year, especially for products like durian. The export turnover is expected to increase further with the official export of frozen coconuts and durians, potentially reaching 4.5 billion USD.
The Vietnamese authorities are actively working to resolve the issue of detained cargo trucks in China while also focusing on expanding export opportunities for agricultural products through the Lao Cai border gate. Clear contractual agreements, improved product quality, and continued efforts to enhance trade relations between Vietnam and China are key factors that will determine success in both situations.
