Low value adds, poor quality of exports and heavy dependence on rawmaterial imports along with poor processing facilities andtransportation were affecting the country's export quality andefficiency.
Nguyen Thi Thu Hang, senior technical consultant atExport Potential Assessment (EPA), told a conference in Hanoi on July 30that limited understanding about foreign markets and internationaltrade issues and inadequate market information, poor supply chain andsector linkages as well as outdated production and processingtechnologies for export products are also problems plaguing thecountry's exports.
EPA is the first major activity of thefour-year "Decentralised Trade Support Services for Strengthening theInternational Competitiveness of Vietnamese Small and Medium-sizedEnterprises" programme, being implemented nationally by the TradePromotion Agency.
In order to deal with these issues, Hangemphasised on the importance of promoting the implementation of theState's preferential policies in support industries to solve inputmaterial shortages.
Besides, to enhance linkages in supply chainsto reduce cost, improving product quality and competitiveness ofexports, diversifying export markets and accelerating trade promotionwere also necessary, she said.
She added that improving thecapacity of domestic enterprises in negotiating, contracting and gettinginternational transactions reduced should be also included.
Onhis speech at the event, Deputy Minister of Industry and Trade Do ThangHai said Vietnam was attempting to increase exports of high-value goodswhile reducing shipments of raw materials abroad.
The country wasalso fostering its negotiations of Free Trade Agreements with foreigncountries to expand export outlets, he said.
In the future, itwas necessary to identify and assess products and services which had anexport potential and then focus on accelerating exports of these goods,he noted.
According to a report which was also released at theJuly 30 conference, the items with high export potentials in the shortto medium terms were coffee, rubber and cassava along with pepper,garments and leather shoes. Seafood such as tuna and shrimp were also onthe list. Electronics, textiles and garment, and wooden goods apartfrom bamboo and rattan products, were also items with high exportpotential. Tourism and labour were items on the list.-VNA
Nguyen Thi Thu Hang, senior technical consultant atExport Potential Assessment (EPA), told a conference in Hanoi on July 30that limited understanding about foreign markets and internationaltrade issues and inadequate market information, poor supply chain andsector linkages as well as outdated production and processingtechnologies for export products are also problems plaguing thecountry's exports.
EPA is the first major activity of thefour-year "Decentralised Trade Support Services for Strengthening theInternational Competitiveness of Vietnamese Small and Medium-sizedEnterprises" programme, being implemented nationally by the TradePromotion Agency.
In order to deal with these issues, Hangemphasised on the importance of promoting the implementation of theState's preferential policies in support industries to solve inputmaterial shortages.
Besides, to enhance linkages in supply chainsto reduce cost, improving product quality and competitiveness ofexports, diversifying export markets and accelerating trade promotionwere also necessary, she said.
She added that improving thecapacity of domestic enterprises in negotiating, contracting and gettinginternational transactions reduced should be also included.
Onhis speech at the event, Deputy Minister of Industry and Trade Do ThangHai said Vietnam was attempting to increase exports of high-value goodswhile reducing shipments of raw materials abroad.
The country wasalso fostering its negotiations of Free Trade Agreements with foreigncountries to expand export outlets, he said.
In the future, itwas necessary to identify and assess products and services which had anexport potential and then focus on accelerating exports of these goods,he noted.
According to a report which was also released at theJuly 30 conference, the items with high export potentials in the shortto medium terms were coffee, rubber and cassava along with pepper,garments and leather shoes. Seafood such as tuna and shrimp were also onthe list. Electronics, textiles and garment, and wooden goods apartfrom bamboo and rattan products, were also items with high exportpotential. Tourism and labour were items on the list.-VNA
