Vietnam's exporters have ample opportunities to export farm and foodproducts to the European Union (EU), according to experts.
At a recent Ho Chi Minh City seminar on the export of farm and foodproducts to the EU, the Ministry of Industry and Trade's Trade PromotionAgency noted that the industry for processing farm and food productshas continued to develop in the EU even as other industries faceddifficulties in production and sales due to an economic downturn.
The agricultural product processing industry is forecast to grow by upto 3.5 percent each year in the coming years, according to the centre.That growth will increase the opportunities to export farm and foodproducts, such as coffee, cacao, tea, honey, cashew and fruits, fromVietnam.
The vneconomy newspaper quoted Nguyen ManhDung, head of the Agro-Forestry, Seafood Processing and Salt IndustryDepartment, as saying that the EU is the second-largest export marketfor Vietnamese products, with exports from Vietnam to the EU growing by28 percent every year.
This year, Vietnam's exportsto the EU are expected to reach 25 billion USD, accounting for 18.4percent of the country's 2013 total export value.
The top exports from Vietnam to the region include agriculturalproducts, seafood, textiles and garments. Vietnam also exportsagricultural raw materials to the EU.
However,Vietnamese agricultural exports to the EU also faced some significantchallenges, including a lack of storage and processing facilities andthe relatively limited scale of production by small-and medium-sizedenterprises, Dung said.
Additionally, agriculturalexports had to meet the strict quality, hygiene and safety standards ofthe EU, he said, adding that if Vietnam wants to increase its exports tothe EU, local firms will have to improve their storage and processingfacilities, establish and protect trademarks and build theirreputations.
They also need to develop directexports instead of using the current route of indirect exportactivities, Dung said at the seminar held by the Centre for thePromotion of Imports from developing countries (CBI), which was jointlyorganised by the European Union and the Trade Promotion Agency.
The CBI and the Trade Promotion Agency have a joint programme thatsupports Vietnamese exporters in their exports to the EU.
The programme gives priority to eligible local firms in the coffee,tea, cocoa, honey, cashew, spice and the herbal industries and offerssupport for market research, accessing information on competitors,improving competitiveness and meeting the EU quality standards.-VNA
At a recent Ho Chi Minh City seminar on the export of farm and foodproducts to the EU, the Ministry of Industry and Trade's Trade PromotionAgency noted that the industry for processing farm and food productshas continued to develop in the EU even as other industries faceddifficulties in production and sales due to an economic downturn.
The agricultural product processing industry is forecast to grow by upto 3.5 percent each year in the coming years, according to the centre.That growth will increase the opportunities to export farm and foodproducts, such as coffee, cacao, tea, honey, cashew and fruits, fromVietnam.
The vneconomy newspaper quoted Nguyen ManhDung, head of the Agro-Forestry, Seafood Processing and Salt IndustryDepartment, as saying that the EU is the second-largest export marketfor Vietnamese products, with exports from Vietnam to the EU growing by28 percent every year.
This year, Vietnam's exportsto the EU are expected to reach 25 billion USD, accounting for 18.4percent of the country's 2013 total export value.
The top exports from Vietnam to the region include agriculturalproducts, seafood, textiles and garments. Vietnam also exportsagricultural raw materials to the EU.
However,Vietnamese agricultural exports to the EU also faced some significantchallenges, including a lack of storage and processing facilities andthe relatively limited scale of production by small-and medium-sizedenterprises, Dung said.
Additionally, agriculturalexports had to meet the strict quality, hygiene and safety standards ofthe EU, he said, adding that if Vietnam wants to increase its exports tothe EU, local firms will have to improve their storage and processingfacilities, establish and protect trademarks and build theirreputations.
They also need to develop directexports instead of using the current route of indirect exportactivities, Dung said at the seminar held by the Centre for thePromotion of Imports from developing countries (CBI), which was jointlyorganised by the European Union and the Trade Promotion Agency.
The CBI and the Trade Promotion Agency have a joint programme thatsupports Vietnamese exporters in their exports to the EU.
The programme gives priority to eligible local firms in the coffee,tea, cocoa, honey, cashew, spice and the herbal industries and offerssupport for market research, accessing information on competitors,improving competitiveness and meeting the EU quality standards.-VNA
