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.
Vietnamese lychees promoted in Perth, Australia (Photo: VNA)Head of the Vietnam Trade Office in Australia Nguyen Phu Hoa said Vietnamese brands have been gaining increasing trust in Australia, following a programme on building brands of Vietnamese products over the past years and efforts made by businesses.
Statistics of the General Department of Vietnam Customs
showed that two-way trade neared 9.1 billion USD in the first nine months of
2021, a year-on-year surge of 50 percent.
It is noteworthy that farm produce exports expanded by 32 percent. Australian firms have reduced rice imports from other countries but still purchased a large volume of the grain from Vietnam.
Vietnam and Australia recently announced an Enhanced
Economic Engagement Strategy, aiming to soon bring the bilateral trade to 15
billion USD and open up chances for Vietnamese exporters to penetrate the
Australian market in the coming time.
Vietnam's dracontomelon shipped to Australia (Photo: VNA)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 with
the 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./.
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