Annual forecast optimistic for locally produced export goods
HCM CITY (VNS)- Exports of Vietnamese goods are expected to rise this year as the global economy continues to grow, according to many trade counselors. Vu Ba Phu, Vietnamese trade cousellors in Export of electronics, telephones, garments and textiles and footwear to Dao Tran Nhan, Vietnamese trade counselor in the Similarity, A free trade agreement between the two countries coming into effect in the new year would generate more export opportunities for Vietnamese products thanks to lower export tariffs, he said. Vu Huy Hoang, Minister of Industry and Trade, said trade deals, including the Trans-Pacific Partnership agreement, the free trade agreement (FTA) between However, Hoang said to capitalise on opportunities, apart from boosting exports of the country's key export items such as seafood, agricultural products, apparel, leather and electronic products, businesses also should focus on developing new manufactured products that meet the demand of the world market. Chances are abundant but challenges are great too, he said, noting that businesses should keep up-to-date information of both domestic and world markets to grasp opportunities. In addition, domestic businesses need to improve product quality and design to enhance their competitiveness and avoid the risk of losing market share to competitors, according to trade counsellors. Hoang said the ministry would exert more effort to strengthen promotions while speeding up negotiations for trade agreements to expand export markets for Vietnamese goods. - VNS |
↧
Article 4
↧