(VEN) - A large number of Vietnamese living in Australia have high demand for made-in-Vietnam goods offering great opportunities for Vietnamese exports. Vietnam Economic News' reporter Phuong Lan spoke with Commercial Counselor Nguyen Bao of the Vietnamese Trade Office in Australia. What advantages does the Buy Vietnamese Goods campaign have in Australia considering the high numbers of Vietnamese living there? About 300,000 Vietnamese are living and working in Australia, plus more than 20,000 Vietnamese students in the country offer great opportunities for advertising and boosting Vietnamese exports to this market, particularly among Vietnamese-Australians. In addition, there is also a large number of Asian people in Australia. Vietnamese and Asian people share major similarities in terms of consumption, particularly food and foodstuffs. What do you think about the room for Vietnamese goods in the Australian market? In recent years Vietnam has recorded a trade surplus with Australia. … [Read more...] about Many opportunities for Vietnamese exports to Australia
Vietnamese export products
Russia remains large potential market for Vietnamese exports
Vietnam-Russia trade will gain benefits since Russia joined the World Trade Organisation in December 2011, according to Doctor Nguyen Chi Tam, Minister-Counsellor of the Vietnamese Embassy to Russia. A number of Vietnamese exports to Russia will enjoy tariff cuts by 30-50 per cent in 3-4 years’ time, he said at a Vietnam-Russia trade promotion seminar held in Hanoi on May 11 th. As many as 200 representatives of Vietnamese businesses attended the seminar to discuss current difficulties and obstacles to exporting Vietnamese products to Russia and find out solutions to boost Vietnamese exports to the market. Although Vietnamese exports to Russia have seen a sharp rise over the past years, for instance the turnover reached US$ 1.38 billion in 2011, up by 66.2 per cent year on year, and in the first two months of 2012 valued at US$ 223.7 million, up by 35.82 per cent against the same time last year, Vietnamese exports make up only nearly 0.5 per cent of Russia’s total … [Read more...] about Russia remains large potential market for Vietnamese exports
Vietnamese exports to EU banging against thick barriers to entry
The EU, the center of the global public debt crisis is tightening its belt, which means that the export market for Vietnam has been narrowed. Besides, the importer also sets up a lot of strict technical barriers. Vietnamese enterprises have complained that it is getting more difficult to export products to the EU. Some enterprises have been sitting idle because of the lack of the orders. In fact, the problem has been warned by Vietnamese economists. Bui Thi Thanh An, Chief Representative of the Vietnam Trade Promotion Agency (Vietrade) in HCM City, said that in crisis, the protectionism will be strengthened by importers in order to protect their local production. In reality, the EU has strengthened the control over the quality of imports. Besides, the economists can also see the higher possibility of lobbying for anti-dumping lawsuits against the export countries. Businesses thirsty for orders Tran Ngoc Quan, Deputy Director of the EU Market Department under the Ministry of … [Read more...] about Vietnamese exports to EU banging against thick barriers to entry
Thailand offers chances for Vietnamese exports: envoy
Local businesses have missed a chance to increase their export volumes to the promising market of Thailand, Nguyen Thanh Hung, commercial counselor at the Vietnamese Embassy in Thailand, told Tuoi Tre. Hung said that despite the increase in both volume and value of Vietnamese products exported to Thailand last year, the country can better exploit this market. Though Vietnam still posts a trade deficit with Thailand, export growth rose impressively by 51 percent in 2011, while imports only increased by 30 percent, Hung said. He said many Vietnamese-made commodities, such as processed food and fruits, confectionaries, and construction materials, have been circulated in the Thai market, even in the remote areas of the northern provinces of the country. “Certain products are greatly favored by the Vietnamese community in Thailand,” Hung said. He said that since Thai production activities have been affected by the recent historic floods, the country had to opt to import … [Read more...] about Thailand offers chances for Vietnamese exports: envoy
Vietnamese exporters brace for 2012
Vietnamese exporters may face more challenges this year after posting a record annual growth of 33.3 percent in export revenues in 2011. More exports, more domestic value added The garment and textile industry topped other sectors with $14.02 billion in export revenues, of which $6.5 billion were locally added value, up $1 billion year on year, said Le Tien Truong, deputy chairman of the Vietnam Textile and Apparel Association (VITAS). The proportion of domestically made parts of the industry edged up 2 percent year on year said Truong, who is also the deputy general director of the Vietnam National Textile and Garment Group (Vinatex). Good market research and forecast, effective operations, and good relationships and confidence building with international customers were the keys for success of domestic firms in 2011, he added. Footwear exports, though just the third runner-up after crude oil, raked in $6.52 billion 2011, of which domestic added values made up 55 percent, up 5 … [Read more...] about Vietnamese exporters brace for 2012