Bringing into play the resources of overseas Vietnamese to export goods

VCN - Vietnamese businesses and entrepreneurs at home and abroad, especially overseas Vietnamese, play an important role in promoting, introducing, communicating and directly producing and distributing Vietnam distribution.
Plastic enterprises: potential room available for export Plastic enterprises: potential room available for export
249 procedures connected to National Single Window 249 procedures connected to National Single Window
Cashew nut exports to the EU: a great opportunity but high competition Cashew nut exports to the EU: a great opportunity but high competition
Bringing into play the resources of overseas Vietnamese to export goods
The seminar attracted the participation of many Vietnamese businessmen and businesses abroad.

That was the opinion of many delegates given at the seminar: "Resources of overseas Vietnamese in participating in the introduction, consumption of products and development of distribution channels of Vietnamese goods abroad", organized by the Committee on Overseas Vietnamese in Ho Chi Minh City held on the afternoon of June 1.

Nguyen Ho Hai, Deputy Secretary of the Ho Chi Minh City Party Committee, said that this is an effective source of support for Vietnamese businesses to grasp information and export opportunities to foreign markets, especially in areas where many Vietnamese people live.

Nguyen Dinh Phu, Chairman of the Vietnam Entrepreneurs Association in the US, said that the US has a lot of potential to promote the export of Vietnam's strong products such as seafood, agricultural products, textiles, footwear and wooden furniture for the US. Besides, businesses of the two sides can also connect and cooperate on sea and air logistics, sustainable freight transport, transport project research and warehousing services.

Recently, the Vietnamese business community in the United States has made important contributions to the host country's economy and promoted international trade and investment; including bilateral trade and investment between Vietnam and the US. Vietnamese enterprises ranked third in the number of businesses in the group of Asian enterprises with over 310,000 business establishments, generating revenue of about 35 billion USD/year.

Bringing into play the resources of overseas Vietnamese to export goods
Le Ba Linh, Vice Chairman of Laos - Thailand Liaison Association said that he will support Vietnamese businesses to put their goods on cross-border e-commerce platforms.

A representative of the Thai-Vietnamese Entrepreneurs Association said that in the Northeast of Thailand, there are more than 70,000 Thai expatriates of Vietnamese origin, including hundreds of successful overseas business people, many of whom own restaurant chains, hotels and large commercial centers.

These are favorable conditions for consolidating as well as establishing new trade centers, displaying and introducing high-quality Vietnamese products in Thailand and attracting consumers to use more Vietnamese goods.

In the Chinese market, Tra My, President of the Provisional Association of Vietnamese Enterprises in China, said that this is a market of more than billions of people and has a great demand for goods, and is an export destination for many countries. in the region. Currently, China is the largest export market of some Vietnamese products, but the proportion of Vietnamese goods in China compared to some other countries in the region is still modest.

Sharing about the reasons why Vietnamese goods have not conquered these regions, Ms. Ngo Pham Tran, of the Dai Viet Economic, Cultural and Educational Development Association, said that before, importers and exporters did not invest time to exploit Vietnam's new products. According to them, compared to Thai, Filipino and Indonesian processed goods, the product quality in those countries is much better than Vietnam.

Furthermore, they have not confirmed Vietnamese goods before, and Vietnamese enterprises have not given any grounds to affirm and persuade them to use Vietnamese goods.

To change the situation, Tra My said that before entering China, it is necessary to clearly determine that quality is number one, but packaging and design are equally important and must protect your brand before going. go abroad. At the same time, Vietnamese businesses need to change their minds, not only selling what they have, but also investing in products the market needs; cooperate to support many Vietnamese products to enter new markets, this creates a positive effect for Vietnamese brands abroad.

In the US market, Mr. David Duong, chairman of the Vietnam-American Business Association (VABA), said that currently, there is no warehouse in the US that specializes in storing Vietnamese goods, but only stores goods from Thailand and China. This is a big disadvantage. Vietnamese goods are currently only stored in warehouses at Vietnamese markets, the price depends on the shipping and delivery unit. Goods from countries with warehouses are always cheaper.

Accordingly, if there is a warehouse in the United States, Vietnamese enterprises can not only compete on price but also promote products; people who need to import goods to sell also get goods faster; Returns will also be faster. In addition, businesses need to promote Vietnamese products on social platforms.

Speaking at the seminar, Phan Thi Thang, Vice Chairman of the People's Committee of Ho Chi Minh City, said that promoting the distribution of goods should focus on groups of solutions to diversify, expand the form and scale of trade promotion, business-to-business, business-to-consumer connections abroad. Forming strategic links between distribution enterprises; between distribution and production. Thereby contributing to strengthening internal links, linking the Vietnamese business community at home and abroad to form and develop supply chains, distribute valuable, stable goods and open markets.

By Thu Diu/ Huu Tuc

Related News

Closely monitoring market fluctuations to consider appropriate time to adjust prices

Closely monitoring market fluctuations to consider appropriate time to adjust prices

VCN - According to a report from the Ministry of Finance, in the second quarter and the remaining months of 2024, price management and administration need to ensure good control of inflation and continue to remove difficulties for production and business.

Latest News

Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - The issue of linking the value chain between domestic production units still has many "bottlenecks" that need to be resolved. In particular, solving the "problem" of linking businesses with cooperatives will help improve efficiency as well as meet the requirements of collective economic development.
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN – In the first quarter 2024, Vietnam-China trade reached US$43.6 billion. The country had a large trade deficit.
Tra fish export to UAE jumps 67% in Q1

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.

More News

Pepper prices continue increase trend

Pepper prices continue increase trend

Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
More efforts needed to maintain export growth to China: Insiders

More efforts needed to maintain export growth to China: Insiders

Exporters should further strengthen trade connections and improve the quality of their goods to sustain export growth to China as this is no longer a "lenient" market, said insiders.
It is expected that there are higher orders and revenue in the second quarter from European businesses

It is expected that there are higher orders and revenue in the second quarter from European businesses

VCN - The Business Confidence Index (BCI) according to a survey by the European Business Association in Vietnam (EuroCham) reached 52.8 in the first quarter of 2024 - the highest level since 2022, showing increasing confidence in Vietnam's European business community.
Vietnamese rice prices on the hike

Vietnamese rice prices on the hike

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).
FDI flow into garment and textile sector bounces back

FDI flow into garment and textile sector bounces back

The flow of foreign direct investment (FDI) into the Vietnamese garment and textile sector has rebounded thanks to the country’s sound investment climate and abundant workforce as well as its open economy, according to insiders.
Investors play a key role in developing the industrial park system

Investors play a key role in developing the industrial park system

VCN - Dr. Phan Huu Thang, Chairman of the Executive Committee of the Vietnam Industrial Park Finance Association, former Director of the Foreign Investment Department (Ministry of Planning and Investment), said that basically, developing an industrial park successfully or not mainly depends on businesses, entrepreneurs - industrial park investors.
Find ways to a corporation for businesses in industrial parks

Find ways to a corporation for businesses in industrial parks

VCN - The country has nearly 300 industrial parks in operation, but with the requirement to join the global value chain, the issue of linkage and connection between businesses in industrial parks and industrial clusters needs to be concentrated on more.
Export turnover of two agricultural product groups grows three-digit

Export turnover of two agricultural product groups grows three-digit

VCN – In March, the export turnover of agricultural product groups grows three-digit compared with the previous month.
Early warnings reduce risks in trade defense

Early warnings reduce risks in trade defense

VCN - In the first months of 2024, export turnover of goods grew strongly, continuing the recovery momentum from the end of 2023. Along with that, the risk of trade defense investigations also escalated
Read More

Your care

Latest Most read
Forum seeks to increase PPP investment effectiveness

Forum seeks to increase PPP investment effectiveness

Investment cooperation in the public-private partnership (PPP) form is seen as a strategic option to mobilise private investment and improve public service delivery. However, the implementation of PPP projects in Vietnam still faces a lot of difficulties and obstacles, leading to a low number of successful projects and making the private economic sector cautious.
Linking businesses with cooperatives to increase the value chain

Linking businesses with cooperatives to increase the value chain

VCN - According to experts, in value chain links, agricultural cooperatives both play a role in promoting links between farmer households through collective economic activities to organize production and promote vertical linkages with businesses along the
Vietnam has a trade deficit of over US$17 billion with China

Vietnam has a trade deficit of over US$17 billion with China

VCN - According to the latest statistics of the General Department of Customs, the import-export turnover between Vietnam and China in March reached US$ 16.32 billion, including Vietnam's exports achieved US$5.15 billion, imports reached US$11.17 billion.
Tra fish export to UAE jumps 67% in Q1

Tra fish export to UAE jumps 67% in Q1

Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Pepper prices continue increase trend

Pepper prices continue increase trend

Pepper prices are forecast to soon exceed 100,000 VND per kilo on the domestic market.
Mobile Version