Vietnam ’s exports are on track tobounce back, not just only because of the government’s managementpolicy, but also due to the efforts of various state run enterprises,said an official from the European Chamber of Commerce (EuroCham).
The Director of EuroCham’s Hanoi Office, Matthias Duehn, said at aseminar to promote exports in Hanoi on Oct. 12, that despite havingfaced many difficulties resulting from the global economic crisis,particularly in exports, Vietnam is likely to post a GDP growth rate of5 percent this year.
The EuroCham official also noted that Vietnam ’s GDP growth rate is forecast to hit 6.5 percent in 2010.
Whilst suggesting the government continue to implement its stimuluspackages to help domestic businesses get easier access to credits andloans, Duehn advised exporters to pay more attention to market demands,customer services, product quality and knowledge of trade polices andfinancial tools.
The Vice Chairman of the Indian Business Chamber in Vietnam , NavenduKumar, said that Vietnam is an ideal business destination and isattracting an increasing number of Indian investors.
Kumar called on Vietnamese companies to open representative offices inIndia to fully exploit its market which is growing at a rapid pace.
Head of the economic affairs department at the Romanian Embassy inHanoi , Razvan Otel, proposed that businesses from both countries stepup cooperation in the fields where Romania boasts experiences such asindustry, energy and gas.
Despite the impacts of the global economic crisis, two-way trade surgedby 80 percent last year to reach 79 million USD. The growth rate forthe first seven months of 2009 was 35 percent, reported Otel.
To boost exports, representatives from the Ministry of Industry andTrade emphasised on the need to deal with technical barriers hinderingthe inflow of Vietnamese goods, especially for seafoods, and urge theEuropean Union to soon lift anti-dumping tariffs against leather shoesimported from Vietnam .
Increasing trade promotion activities and facilitating exportcompanies’ efforts to get a firm foothold in foreign markets are alsoessential measures.
The ministry reported that Vietnam earned 41.7 billion USD from exportsin the first nine months of 2009, down 14.3 percent from the sameperiod last year.
Of the total amount, the domestic sector contributed 25 billion USD, ayear-on-year drop of 19 percent, and the remainder, 16.7 billion USD,posted by the foreign investment sector, was down 6.3 percentyear-on-year./.
The Director of EuroCham’s Hanoi Office, Matthias Duehn, said at aseminar to promote exports in Hanoi on Oct. 12, that despite havingfaced many difficulties resulting from the global economic crisis,particularly in exports, Vietnam is likely to post a GDP growth rate of5 percent this year.
The EuroCham official also noted that Vietnam ’s GDP growth rate is forecast to hit 6.5 percent in 2010.
Whilst suggesting the government continue to implement its stimuluspackages to help domestic businesses get easier access to credits andloans, Duehn advised exporters to pay more attention to market demands,customer services, product quality and knowledge of trade polices andfinancial tools.
The Vice Chairman of the Indian Business Chamber in Vietnam , NavenduKumar, said that Vietnam is an ideal business destination and isattracting an increasing number of Indian investors.
Kumar called on Vietnamese companies to open representative offices inIndia to fully exploit its market which is growing at a rapid pace.
Head of the economic affairs department at the Romanian Embassy inHanoi , Razvan Otel, proposed that businesses from both countries stepup cooperation in the fields where Romania boasts experiences such asindustry, energy and gas.
Despite the impacts of the global economic crisis, two-way trade surgedby 80 percent last year to reach 79 million USD. The growth rate forthe first seven months of 2009 was 35 percent, reported Otel.
To boost exports, representatives from the Ministry of Industry andTrade emphasised on the need to deal with technical barriers hinderingthe inflow of Vietnamese goods, especially for seafoods, and urge theEuropean Union to soon lift anti-dumping tariffs against leather shoesimported from Vietnam .
Increasing trade promotion activities and facilitating exportcompanies’ efforts to get a firm foothold in foreign markets are alsoessential measures.
The ministry reported that Vietnam earned 41.7 billion USD from exportsin the first nine months of 2009, down 14.3 percent from the sameperiod last year.
Of the total amount, the domestic sector contributed 25 billion USD, ayear-on-year drop of 19 percent, and the remainder, 16.7 billion USD,posted by the foreign investment sector, was down 6.3 percentyear-on-year./.
