Vietnamplus

Vietnam is now considered a highly potential market for businesses from the Republic of Korea (RoK) which have dominated some sectors in the Southeast Asian nation.

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 a huge potential market for the bubble tea business as it is gradually becoming a favourite and popular drink among generations Y and Z.

There is still room for Vietnamese exports to grow in the Association of Southeast Asian Nations (ASEAN) market, including rice, the country's major export. However, it is necessary for enterprises to review the import demand of each country, pay attention to brand building as well as enhance the competitiveness of Vietnamese rice, experts said.

South Africa remains a promising market for Vietnam’s fishery products and serves as an important gateway for them to enter the regional market, an official has said.

Vietnam is currently a potential and attractive market to Monaco entrepreneurs, especially the more than 60 companies and investors of Monaco participating in an economic conference hosted by the Vietnamese Embassy in Monaco in collaboration with the Monaco Economic Board (MEB) on May 4.

A consultation session on export to the Algerian market will be held on April 19 in Ho Chi Minh City as part of activities in the national programme on trade promotion in 2022, according to Deputy Director of the Trade Promotion Agency of the Ministry of Industry and Trade (MoIT) Le Hoang Tai.

As vegetarians make up a large proportion of Indian population and people in the country consume imported dragon fruit at weddings, it is a huge potential market for Vietnam’s dragon fruit, according to trade counsellor Bui Trung Thuong.

Australia, which annually spends about 600 billion USD on imports, is a potential market for many exports of Vietnam, said Tran Ba Phuc, Chairman of the Vietnamese Business Association in Australia, at a trade promotion and connection conference held on December 21.

Heads of Vietnamese representative agencies in some countries shared new trends for Vietnamese businesses to enhance economic cooperation with host countries during a seminar held by the Ministry of Foreign Affairs on December 10.

A seminar on the European Union (EU) – Vietnam Free Trade Agreement (EVFTA) took place in Mâcon city of France’s Saône-et-Loire province on September 16, attracting the participation of representatives of nearly 50 local enterprises.

Despite impacts of the COVID-19 pandemic, Vietnam is still attractive in the eye of foreign investors in the electronic industry, according to Taiwan-based website Digitimes.

The potential for organic agricultural development in Vietnam is still great and the opportunity for organic agricultural products from Vietnam to enter Australia is very promising in the near future, said Nguyen Van Kien, Director of Canberra-based Mekong Organics Company.

Vietnam is a potential market for British firms operating in the electronics industry, Do Nhat Hoang, Director of the Vietnamese Ministry of Planning and Investment’s Foreign Investment Agency, said at a webinar on June 30. ​

Vietnam continues to be one of the most interesting potential markets in the Asian-Pacific region, together with India, economist Daniel Müller from the German Asia-Pacific Business Association (OAV) has said.

The Udmurtia Republic, a federal subject of Russia, is planning a webinar on November 17 to promote its export and investment potential to Vietnamese businesses and agencies.

Mercosur countries, comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela, could be a potential market for a wide range of Vietnamese products such as clothing, footwear, handicraft, and processed food in the context that the COVID-19 pandemic has killed off various traditional supply chains, heard a conference.

With a wide and diverse retail sector, Russia has been considered a promising market for agro-forestry-fishery products of Vietnam.

Vietnam is a highly potential market for small- and medium-sized enterprises (SMEs) of Germany, President of the German Association for Small- and Medium-sized Businesses (BVMW) Mario Ohoven said at a workshop in Berlin on July 16.