VietNamNet Bridge - For the last two weeks, Vietnamese rubber exporters cannot sell any kilos of rubber latex to China through the cross-border market. Le Van Xuong, Chief Representative of the Quang Ninh-based Binh Long MTV Rubber Company, confirmed that the rubber trade activities between Chinese businessmen and Vietnamese enterprises remained frozen. … [Read more...] about Vietnamese exporters meet troubles in selling rubber to China
VietNamNet Bridge ' Up to 90 percent of exports are carried by foreign shipping firms. Therefore, Vietnamese exporters have suffered heavily when the carriers have unanimously raised fees and imposed new unreasonable surcharges. Domestic shipping fleet has no job, earns no money … [Read more...] about Vietnamese exporters pay the penalty for heavy reliance on foreign ships
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
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
China-plus-one strategy, a plus for Vietnamese exports to U.S. By Cong Sang - The Saigon Times Daily HCMC – China’s massive economic growth has created new opportunities for Vietnamese goods to enter the U.S. market, said Tu Minh Thien, director of the Investment and Trade Promotion Center of HCMC (ITPC) told a seminar on trade development chances with the U.S. Thien was referring to the strategy, adopted by American corporations several years ago, that companies and analysts called the China-plus-one solution, to reduce dependence on China for goods. “The U.S. has a complicated market but several market segments are very suitable for Vietnam,” Thien added. The China-plus-one strategy could benefit Indonesia, the Philippines, Thailand or Vietnam. Christopher Tran Phong, director of Tymes Vietnam Co., said besides requirements for imported products like quality and packaging, Vietnamese enterprises should prepare long-term cooperation plans to provide large … [Read more...] about China-plus-one strategy, a plus for Vietnamese exports to U.S.