Business

Vietnam’s farm produce exports to Australia post good growth

Despite difficulties brought by COVID-19, Vietnam’s farm produce exports to Australia enjoyed positive growth, gradually conquering one of the most challenging markets in the world.
Vietnam’s farm produce exports to Australia post good growth ảnh 1Vietnamese lychees promoted in Perth, Australia (Photo: VNA)
Sydney (VNA) – Despite difficulties brought byCOVID-19, Vietnam’s farm produce exports to Australia enjoyed positive growth,gradually conquering one of the most challenging markets in the world.

Head of the Vietnam Trade Office in Australia Nguyen Phu Hoasaid Vietnamese brands have been gaining increasing trust in Australia, following a programmeon building brands of Vietnamese products over the past years and efforts madeby businesses.

Statistics of the General Department of Vietnam Customsshowed that two-way trade neared 9.1 billion USD in the first nine months of2021, a year-on-year surge of 50 percent.

It is noteworthy that farm produce exportsexpanded by 32 percent. Australian firms have reduced riceimports from other countries but still purchased a large volume of the grain fromVietnam.
Vietnam and Australia recently announced an EnhancedEconomic Engagement Strategy, aiming to soon bring the bilateral trade to 15billion USD and open up chances for Vietnamese exporters to penetrate theAustralian market in the coming time.
Vietnam’s farm produce exports to Australia post good growth ảnh 2Vietnam's dracontomelon shipped to Australia (Photo: VNA)
Vietnam has carried out numerous projects and programmes to help the domestic business community improve their capacity and capitaliseon free trade agreements (FTAs). The Ministry of Industry and Trade has set up a websiteon FTAs to provide information on the deals and Vietnam's commitments. It also launched the Viet-Aus Trade app last year, which offerssupport and information for exporters.
At the same time, firms have paid due attention to gaining Certificates of Origin (C/O) for their products in a bid to be exempted from tariffs in accordance withthe FTAs, Hoa added.
According to him, maintaining quality of products is the most important factor to keep competitive advantage. Exporters are also advised to keep updated on the Australian market in order to be prepared for arising problems./.

VNA
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