Hanoi (VNA) - Vietnamese exporters should further exploit the 28-member European Union to increase their market share in the promising region, Vietnam Trade Counsellor in Germany Bui Vuong Anh has said. Addressing a conference on trade promotion to the European market held by the Ministry of Industry and Trade (MoIT) held on November 25, he noted that Vietnam’s exports account for only 2 percent of European imports. Major exports from Vietnam with advantages in the market include agricultural and aquatic products, processed foods, footwear, garments and textiles, and some high value-added product categories, such as electrical products, electronics, telephones, equipment, and machinery. Anh said there is still room for Vietnamese exporters and advised enterprises to optimise their advantages in agricultural and aquatic products, garments and textiles, and footwear to quickly increase market share in the region. For seafood products, enterprises should pay attention to origin … [Read more...] about Exporters advised to further tap into European market
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Noted advantages such as a relatively efficient and stable governing structure, regulatory and some cultural familiarity for companies accustomed to doing business in China, highly competitive labor costs, business-friendly tax profile along with generous incentives, and proximity to pre-existing Asian supply chains all recommended Vietnam for foreign investors. These advantages have coupled with significant developments this year to further strengthen Vietnam’s competitive allure for FDI, especially for US business.” … [Read more...] about How US investors’ positive sentiment towards Vietnam grows stronger?
“Implementation of FTAs helps Vietnam promote sustainable exports while avoiding heavy dependence on a single or several markets. To date, Vietnam has carried out 13 FTAs with more than 50 markets, including most of the world’s top economies”, Director of the MoIT’s Foreign Trade Agency Phan Van Chinh said. … [Read more...] about Export revenue in nine months picks up despite pandemic