More than 100 Vietnamese cargo trucks have been stored in China due to contract disputes and substandard goods preservation from last year until now. The Lao Cai Economic Zone Management Board warned that the number of Vietnamese vehicles detained in Hekou, China, is increasing. The board stated that the reason for the detention is that drivers did not properly carry out their responsibility to preserve goods, leading to damage and disputes over compensation.
The board mentioned that Vietnamese authorities are actively working to resolve the situation, but the issue has not been fully resolved. They recommend that Vietnamese and Chinese businesses agree on specific terms in contracts to create a healthy business environment. It is also suggested that Vietnamese businesses improve product quality to protect the reputation of exported goods.
Despite the challenges with detained vehicles, there has been a vibrant increase in import and export activities, especially agricultural products, through Lao Cai international border gate. 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.
In light of these developments, it is crucial for businesses to establish clear terms in contracts and prioritize product quality to ensure smooth trade relations and continued growth in the import and export sector.