Local exporters need to proactively meet requirements of their import markets, particularly the provision of full, clear, and accurate information of their products, in order to secure stable sales in the US and EU markets, experts have said.
They came with the advice at a workshop to identify risks of exporting goods to the US and EU markets held in Ho Chi Minh City on August 21.
Meanwhile, Deputy Minister of Industry and Trade Tran Tuan Anh called on businesses themselves to seek effective methods to overcome barriers installed by these markets.
According to the official, Vietnam’s export turnover recorded an average growth of 15 percent in the first eight months of 2014, with stability seen in the US, EU and Japanese markets.
However, commercial and technical barriers and respective business customs remain big hurdles, requiring local businesses to make greater efforts.
In recent time, several export items of Vietnam have been recalled in the US and EU markets, mainly due to their failure to meet technical and safety requirements.-VNA
They came with the advice at a workshop to identify risks of exporting goods to the US and EU markets held in Ho Chi Minh City on August 21.
Meanwhile, Deputy Minister of Industry and Trade Tran Tuan Anh called on businesses themselves to seek effective methods to overcome barriers installed by these markets.
According to the official, Vietnam’s export turnover recorded an average growth of 15 percent in the first eight months of 2014, with stability seen in the US, EU and Japanese markets.
However, commercial and technical barriers and respective business customs remain big hurdles, requiring local businesses to make greater efforts.
In recent time, several export items of Vietnam have been recalled in the US and EU markets, mainly due to their failure to meet technical and safety requirements.-VNA
