November 24, 2020 14:12 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Vietnam plans to utilize overseas markets to boost EU export

November 01, 2020 | 23:38

EU-based Vietnamese trade centers are considered a potential fulcrum to boost Vietnam’s export products to the EU market, especially during the COVID-19 period, experts said.

vietnams crab exports to china skyrocket in first nine months of 2020 Vietnam’s crab exports to China skyrocket in first nine months of 2020
vietnams tuna exports to italy enjoy record increase in september Vietnam’s tuna exports to Italy enjoy record increase in September
vietnam emerges as fdi hub in asia the eurasian times Vietnam emerges as FDI hub in Asia: the Eurasian Times
Vietnam's ASG trade center in Poland (Photo: VNE)
Vietnam's ASG trade center in Poland (Photo: VNE)

Data released by the General Statistics Office on October 29 revealed Vietnam’s export turnover in the first 10 months of 2020 reaches US $229.27 billion, a year-on-year increase of 4.7 percent.

Dr. Hoang Xuan Binh, chairman of the Vietnam Business Association in Poland said exportation was the highlight of the economy, particularly during the straining COVID-19 time. He stressed that Vietnam should take better advantage of the EU-Vietnam Free Trade Agreement (EVFTA) via export center solutions, which had been effectively applied in China and Turkey in recent years.

According to the chairman, these centers help to facilitate the exporting process and build brand names for both the products and the nations.

It’s time for Vietnam to set up export support centers”, he was quoted as saying, referencing Vietnam’s large number of overseas Vietnamese and experienced enterprises in the EU.

"The EVFTA opportunity is also an opportunity for overseas Vietnamese businesses to reorient their business directions and open up opportunities for cooperation with domestic enterprises", Mr. Binh said.

He said these enterprises’ responsibility was to conduct market research, help domestic businesses’ products reach the EU’s standard.

Long-term recommendations for the development of the economy were also initiated by experts. Mrs. Nguyen Thi Hai Thanh, director of AVSE Global in Vietnam, said that it was necessary to build Vietnam’s image as the destination for innovation, and promote the “made-in-Vietnam” program overseas and attract overseas Vietnamese.

A number of organizations are also willing to offer a hand in connecting and training for enterprises back in Vietnam.

vietnam saw a export surplus of over 173 billion usd Vietnam saw a export surplus of over 17.3 billion USD

According to the General Department of Customs, in the first half of October, the import-export turnover of Vietnam reached nearly 25 billion USD, of which ...

vietnam exports nearly 150 million face masks in september Vietnam exports nearly 150 million face masks in September

In September, Vietnam exported about 143 million medical masks of all kinds, a slight increase of 5.5% compared to the previous month.

vietnams tuna exports to eu surge thanks to evfta Vietnam’s tuna exports to EU surge thanks to EVFTA

Thanks to EU-Vietnam Free Trade Agreement (EVFTA), Vietnam’s tuna exports to the EU in September skyrocketed to 11.9 million USD (up 13.3% inter-monthly), according to ...

Jasmine Le