Vietnamese commodities find their way into ASEAN markets
Thursday, November 8,2018AsemconnectVietnam - Since Vietnam joined the ASEAN Economic Community (AEC), it has promoted its role and sought opportunities to penetrate ASEAN markets.
Vietnamese businesses have greater opportunities to sell their products in other ASEAN countries, while competing domestically with imported products. They are crafting strategies to expand their market share inside and outside Vietnam.
The ASEAN Economic Community was formed in December, 2015. Following AEC commitments, Vietnam has cut 10,000 import tariff lines 0 to 5% in line with the ASEAN Trade in Goods Agreement (ATIGA). Vietnamese businesses have good opportunities now to export staple goods to AEC countries and partners like South Korea, Japan, and China.
But in 3 years Vietnamese businesses have not fully tapped the potential of ASEAN markets. The main reasons are undiversified products and distribution networks, uncompetitive prices, and loose collaboration with trade promotion agencies and trade counsellors. Businesses have not paid sufficient attention to local demand, customs, religions, or technical barriers in other countries.
The Vietnamese government has created an Action Plan for businesses to market their products abroad. Trade promotion agencies have connected with domestic and overseas businesses to share information and organize field trips for business leaders to explore overseas markets.
The Ministry of Industry and Trade has organized national trade promotion programs to help businesses find partners and penetrate foreign markets.
Source: vov.vn
Indian research intern: Vietnam’s clean energy transition accelerates
Nordic countries share green solutions for circular economy with Vietnam
Vietnam promotes negotiations of FTA with Mercosur
Vietnamese, Dutch localities step up cooperation
Vietnam joins Multilateral Convention to tackle tax evasion and avoidance
Vietnam, Mexico see ample room for trade cooperation: workshop
Hoa Binh province exports first batch of fresh sugarcane to US
Aviation firms ready to welcome Chinese tourists
Vietnam, South Africa explore cooperation potential
Mong Cai int’l border gate facilitates Vietnam’s exports to China
Vietnam’s trade with top 11 Asian markets is set to grow significantly
Foreign direct investment projects go green
Vietnam has dual opportunity from offshore wind power: Danish Ambassador
Mini Thailand Week kicks off in Quang Ninh
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...