Via the top e-commerce corporation Alibaba, Thailand and China have signed the agreement of goods exchange bet...
Via the top e-commerce corporation Alibaba, Thailand and China have signed the agreement of goods exchange between the two countries.
Totally, 200 tons of Monthong durian were sold in only 1 minute. The two countries have signed the contract of USD 478 million and Thailand will provide high-quality produce for China.
“China will soon be the biggest and the most potential customer in the world when personal income increases. The number of middle-class people in China is projected to reach 300 million in 2020,” said Jack Ma, president of Alibaba Group.
One Monthong durian is worth 200 Yuan (about 700.000 VND) and weights up to 5 kg. About 2 million durians are projected to be sold in the next period.
The sales of Thailand for China become dream of Vietnamese farmers. For years, agricultural products of Vietnam – particularly fresh produce, mainly have been exported to China.
According to Vietnam Customs department, China market recently accounts for three-quarters of total product export of Vietnam.
The sales between the two nations are mainly without contracts, commissions; therefore, the process faces many difficulties. When the quantity of goods soars, Chinese traders tend to lower buying price.
From 1st April, 2018, China demands produce import-export businesses to provide images of origin when applying for Import quarantine permits.
In addition, Chinese government also recommend companies to add more stickers to complete above information and to supply bar code, QR code or stamp. This would help the government to supervise all the times they want.