A market selling Vietnamese products and safe farm produce was held in Ho Chi Minh City for the first time on September 12-13 to facilitate linkages between local businesses.
Farm produce exporters in Vietnam are being urged to study the Republic of Korea market thoroughly to gain a firm foothold, especially given the two countries recently signed a free trade agreement.
Businesses from Canada are seeking to expand trade in the Mekong Delta of Vietnam, especially in chemicals, agriculture, pharmaceuticals, seafood material and education.
The presence of many giant retailers in Vietnam is expected to create
new distributing channels for domestic agricultural products, giving
local farm produce more chances to enter foreign markets, according to
the Nong nghiep Vietnam (Vietnam Agriculture) Newspaper.
The China Business Association in Ho Chi Minh City has expressed its
interest in being a bridge for home firms to import farm produce in bulk
from the Mekong Delta city of Can Tho, its President Miao Ren Lai told
Can Tho authorities in a working session on June 17.
The competitiveness of Vietnamese agricultural and aquatic products is
weakening compared to that of foreign counterparts in the global market,
leading to a dramatic fall in these commodities’ exports so far.
The Ministry of Industry and Trade believes that drastic measures need
to be implemented to increase the competitiveness of farm produce and to
fight against the desperately poor performance of Vietnamese
agricultural products in many foreign markets.
Eighty-five domestic and Chinese businesses are expected to take part
in a conference on promoting exports of farm produce, seafood and timber
products which will be held in the northern province of Lao Cai on May
27 and 28.
The farm produce sector is expected to be a major beneficiary from the
free trade agreement recently signed between Vietnam and the Republic of
Korea (RoK), as heard a workshop held in Ho Chi Minh City on May 13.