Exports of Vietnamese goods will rise this year as the global economy continues to grow, according to many trade counselors.
Vu Ba Phu, Vietnamese Trade Counsellor in Belgium and Luxembourg, saidthe EU market had recovered, which will generate higher consumptiondemand, opening up more export opportunities.
Export ofelectronics, telephones, garments and textiles and footwear to Belgium,for example, enjoyed good growth last year and is expected to continuethis year, Phu said.
Dao Tran Nhan, Vietnamese Trade Counsellorin the US, said the country would remain a major market for Vietnamesegoods, especially seafood, footwear and apparel.
Similarly, Chileis becoming an increasingly important market for Vietnam, with exportsto the South American country growing at 20 percent per year since 2010,said trade counsellor Tran Dinh Van, adding that a free tradeagreement between the two countries coming into effect in the new yearwould generate more export opportunities for Vietnamese products thanksto lower export tariffs.
Vu Huy Hoang, Minister of Industry andTrade, said trade deals, including the Trans-Pacific Partnershipagreement, the free trade agreement (FTA) between Vietnam and the EU,and the FTA between Vietnam and the Republic of Korea under negotiation,are expected to open up new opportunities for Vietnamese exports.
However, Hoang said to capitalise on opportunities, apart fromboosting exports of the country's key export items such as seafood,agricultural products, apparel, leather and electronic products,businesses also should focus on developing new manufactured productsthat meet the demand of the world market.
Chances are abundantbut challenges are great too, he said, noting that businesses shouldkeep up-to-date information of both domestic and world markets to graspopportunities.
In addition, domestic businesses need to improveproduct quality and design to enhance their competitiveness and avoidthe risk of losing market share to competitors, according to tradecounsellors.
Hoang said the ministry would exert more effort tostrengthen promotions while speeding up negotiations for tradeagreements to expand export markets for Vietnamese goods.-VNA
Vu Ba Phu, Vietnamese Trade Counsellor in Belgium and Luxembourg, saidthe EU market had recovered, which will generate higher consumptiondemand, opening up more export opportunities.
Export ofelectronics, telephones, garments and textiles and footwear to Belgium,for example, enjoyed good growth last year and is expected to continuethis year, Phu said.
Dao Tran Nhan, Vietnamese Trade Counsellorin the US, said the country would remain a major market for Vietnamesegoods, especially seafood, footwear and apparel.
Similarly, Chileis becoming an increasingly important market for Vietnam, with exportsto the South American country growing at 20 percent per year since 2010,said trade counsellor Tran Dinh Van, adding that a free tradeagreement between the two countries coming into effect in the new yearwould generate more export opportunities for Vietnamese products thanksto lower export tariffs.
Vu Huy Hoang, Minister of Industry andTrade, said trade deals, including the Trans-Pacific Partnershipagreement, the free trade agreement (FTA) between Vietnam and the EU,and the FTA between Vietnam and the Republic of Korea under negotiation,are expected to open up new opportunities for Vietnamese exports.
However, Hoang said to capitalise on opportunities, apart fromboosting exports of the country's key export items such as seafood,agricultural products, apparel, leather and electronic products,businesses also should focus on developing new manufactured productsthat meet the demand of the world market.
Chances are abundantbut challenges are great too, he said, noting that businesses shouldkeep up-to-date information of both domestic and world markets to graspopportunities.
In addition, domestic businesses need to improveproduct quality and design to enhance their competitiveness and avoidthe risk of losing market share to competitors, according to tradecounsellors.
Hoang said the ministry would exert more effort tostrengthen promotions while speeding up negotiations for tradeagreements to expand export markets for Vietnamese goods.-VNA
