Domestic businesses are striving for green growth basing on three pillars of standardisation, digitalisation, and commercialisation, said a representative from the Business Association of High-Quality Vietnamese Products at a seminar on Vietnamese high-quality products and opportunities to success in the green economy in Ho Chi Minh City on March 14.
Most of the respondents in a nationwide survey have declared they will pay a premium for high-quality Vietnamese products that meet specific standards, and are originally traceable, good for health, and environmentally friendly.
The Business Association of High Quality Vietnamese Products on March 9 announced a list of 519 businesses with products winning the high-quality title voted by consumers.
As many as 36 Vietnamese businesses are showcasing their products at the 48th international food and beverage exhibition (Foodex Japan 2023), which kicked off in Tokyo, Japan, on March 7.
Amid international economic integration, it is vital for farm producers and retailers to meet internationally recognised standards to gain access to local and international markets, experts said.
Thanks to the campaign to encourage Vietnamese people to prioritise Vietnamese products, which has been carried out for years, and the stable quality of the products, made-in-Vietnam commodities have drawn increasing attention of consumers.
More than 90% of consumers said that they prioritise made-in-Vietnam commodities when making a decision on the purchase of anything, according to the steering committee for the Ministry of Industry and Trade (MoIT)’s “Vietnamese people prioritise made-in-Vietnam products” campaign.
Japan has very strict import standards, but if Vietnamese goods manage to meet those rules, they will be able to enter not only this demanding market but also most of other markets in the world, said Vietnamese Trade Counsellor in Japan Ta Duc Minh.
Vietnam and Hong Kong (China) have enjoyed fruitful trade and investment partnership despite impacts of the COVID-19 pandemic, according to head of the Vietnamese Trade Office in Hong Kong Vu Thi Thuy.
Vietnam should set out a specific strategy for accessing the Thai market as the two countries share similarities in product types, suggested Nguyen Thanh Huy, head of the Vietnam Trade Office in Thailand.
The Ministry of Industry and Trade (MoIT) will continue to design more plans to effectively implement the campaign of encouraging Vietnamese to prioritise Vietnamese products, while speeding up administrative reform to gain public confidence, according to Deputy Minister Do Thang Hai.
According to an E-Commerce and Digital Economy Department representative, Vietnam's e-commerce in 2022 will continue to record double-digit growth and rise to the third position in Southeast Asia.
Vietnam’s e-commerce market will become the fastest-growing in Southeast Asia by 2026, head of Amazon Global Selling Vietnam Gijae Seong cited a recent report while addressing the launch of the Amazon Week in Hanoi on October 27.
Singapore is a promising market where Vietnamese products see both advantages and difficulties, Cao Xuan Thang from the Vietnam Trade Office in Singapore said in an interview granted to Vietnam News Agency.
US businesses assess Vietnam as a potential market with a strategic location in the region, COVID-19 pandemic brought under control, a stable business environment, and an extensive network of free trade agreements (FTAs), Vietnamese Ambassador to the US Nguyen Quoc Dung has said.
Vietnam is trying to tap great potential to increase exports to New Zealand, a promising market where it has won only 1.7% of the local market share, held insiders.
The quality and supply of Vietnamese products have been improved over years, said Takao Kazaoka, deputy general director in charge of purchasing at AEON Vietnam, a branch of the Japanese conglomerate AEON Group.
The UK-Vietnam Free Trade Agreement (UKVFTA) has had a clear impact on trade exchanges between Vietnam and the UK, particularly in the field of agriculture, since it officially took effect on May 1, 2021.
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