Business

Mekong Delta boosts exports of agricultural products

Businesses in the Mekong Delta are stepping up the exports of agricultural products to the United Arab Emirates, raising the total earning from this market since the beginning of this year to 118 million USD.
Businesses in the Mekong Delta are stepping up the exports ofagricultural products to the United Arab Emirates, raising the totalearning from this market since the beginning of this year to 118 millionUSD.

According to the Vietnam Chamber of Commerce and Industry branch in CanTho province, the UAE mainly buys shrimps, frozen fillet fishes, coconutand rice. In 2009 and 2010, Vietnam earned 292 million USD from farmproduce export to this Middle East country.

Besidesagricultural products, the UAE also imports consumer and pharmaceuticalproducts, footwear, wooden furniture, handicrafts, machineries andequipment from Vietnam while Vietnam’s imports from UAE are plasticmaterials, crude oil, chemicals, auto spare parts, and equipment.

Located at the commercial gate of the Middle East region which offersconvenient access to Asian and European markets, the UAE is a centre fortrade, finance, transport, tourism, exhibitions and seminars with manyfree economic areas and a developed banking system.

The Department of African, Western and Southern Asian Market under theMinistry of Industry and Trade said that trade with UAE brings highprofit but contains risks. They recommended the Vietnamese businessesgather full information on UAE partners to limit risks./.
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