The number of Vietnamese cargo trucks detained in Hekou, China, due to contract disputes and substandard goods preservation has been on the rise. According to the Lao Cai Economic Zone Management Board, drivers failed to properly carry out their responsibility to preserve goods, leading to damage and disputes over compensation. Despite efforts by Vietnamese authorities to resolve the situation, the issue remains unresolved.
To create a healthy business environment, it is recommended that Vietnamese and Chinese businesses agree on specific terms in contracts. Additionally, Vietnamese businesses should improve product quality to protect the reputation of exported goods. Despite these challenges, import and export activities have seen a vibrant increase, especially in agricultural products. The value of goods imported and exported through border gates has increased significantly, with expectations of reaching $4.5 billion in export turnover.
China has increased imports of Vietnamese agricultural products, with many products doubling in export turnover in the first few months of the year. To ensure smooth trade relations and continued growth in the import and export sector, businesses must establish clear terms in contracts and prioritize product quality.
