Opening an "exit" for export

VCN - Trade promotion and market connection activities promote positive effects in helping businesses find customers and sign new orders, thereby opening an effective "escape" for businesses in the context of an alarming decline in orders.
Lang Son Customs encounters difficulties in implementing solutions to facilitate the export of agricultural products Lang Son Customs encounters difficulties in implementing solutions to facilitate the export of agricultural products
Exports to the EU cannot bypass the Carbon Border Adjustment Mechanism (CBAM) Exports to the EU cannot bypass the Carbon Border Adjustment Mechanism (CBAM)
Opening an
Enterprises discuss with international partners at HCM City Expo 2023. Photo: N.H

Reach new customers

Last weekend, the Saigon Exhibition and Convention Center (SECC) was crowded with domestic and foreign customers at the HCMC Export Fair - HCM City Expo 2023. Among them were thousands of customers from the USA, Korea, Taiwan, India, Malaysia, Thailand, Singapore, and Pakistan.

Chung Tan Quoc Tuan, in charge of import and export of Thao Nguyen Foods Company, said that the company specializes in the production of traditional Vietnamese bakery products such as congee cake, quart cake, green bean cake, fried banana, etc., frozen and exported to the US and European markets.

Previously, the company exported about two containers per month on average, but since the pandemic, the number of orders has decreased sharply. Currently, there is only one container/month. Tuan hopes to find new customers at this fair to revive the company's production activities.

Although the overall export situation has been declining sharply since the end of 2022, at fairs, exhibitions and trade promotions, many positive results have been recorded. Typically, at the Vifa Expo 2023 fair held in March, the organizers said that businesses participating in the fair had signed orders and cooperation minutes with a total value of hundreds of millions of dollars.

Not only domestic fairs, Vietnamese enterprises also recorded many positive signals by participating in international fairs abroad. Typically, at Thaifex Anuga 2023 Fair last week in Thailand, the booths of Vietnamese enterprises made a very good impression on international customers. After listening to the introduction of the non-dipped rice paper product of Tan Nhien Co., Ltd. (Tay Ninh), a representative of the Department of International Trade Promotion, the Ministry of Commerce of Thailand evaluated this product as very suitable for the Thailand market, especially in areas where many Vietnamese live and work.

Dang Khanh Duy, General Director of Tan Nhien Company, said that the company's products are currently being exported to Korea, Japan, and the US and are fully capable of supplying the Thai market with an output of up to 10 million USD to over 4 tons/day.

Meanwhile, Ha Tien Phuoc, Marketing Manager of Lai Phu Joint Stock Company, said that after letting customers try and experience the product, the company had received very good feedback. “Korean and Indian customers are very interested in fruit puddings, fruit ice cream cookies. Meanwhile, European customers want to cooperate in producing juice products with aloe vera or coconut jelly. In addition, some guests also want to use more pearl jelly for water. Some Filipino guests are interested in Vietnam-specific fruit juices such as lychee coconut jelly, passion fruit juice with coconut jelly, melon juice with coconut jelly,” Phuoc shared.

Pham Dinh Ngai, CEO of Sokfarm Coconut Nectar Company, also said that this is the second time attending Thaifex Anuga. Sokfarm's goal in this event is to reconnect partners from Thaifex 2022 and introduce the company's new product lines, concentrated coconut nectar and fermented soy sauce products from coconut nectar. In addition, Sokfarm also wants to learn more about consumer trends and the machines, equipment and technology to produce qualified products.

Opening the export route through "online market"

Speaking at the conference to connect export market information over the weekend, Huynh Kim Tuoc, co-chair of the Digital Economy and Technology Subcommittee under the American Chamber of Commerce in Vietnam (AmCham), made many remarkable news.

Accordingly, besides being in the Top 20 largest export markets in the world, on the basis of cross-border business, Vietnam is also at the top of the leading countries and is continuing to grow. Specifically, according to information published by Amazon (USA), in 2022 Amazon will increase the number of Vietnamese sales partners by more than 80% on its platform, most of which are small and medium enterprises. In particular, according to Tuoc, Amazon is not unique because there are other technology companies with such good growth, even 3-digit growth. This has helped more and more Vietnamese enterprises export millions of dollars through "online markets".

Statistics show more than 11,500 foreign investment projects in Ho Chi Minh City and many foreign trade agencies in the area. Therefore, according to the Department of Industry and Trade of Ho Chi Minh City, the city has the strength of being a convergence and connection of export supply chains. However, according to Nguyen Nguyen Phuong, Deputy Director of the Department of Industry and Trade of Ho Chi Minh City, enterprises have yet to be able to effectively exploit the advantages of free trade agreements with many incentives for production and export. Enterprises' understanding of green consumer demand, conditions and regulations for imported goods of major markets, sustainable production standards, etc. is still limited.

Therefore, in the near future, Ho Chi Minh City Department of Industry and Trade will coordinate with AmCham to organize specific training sessions on e-commerce, and step-by-step instructions for businesses to achieve international standards.

From the perspective of a fairly successful export enterprise, Nguyen Dinh Tung, Chairman of Vina T&T Group, said that one of the core values for a successful enterprise is quality and brand. In order to conquer the international market, enterprises must build a large enough material area, have specific products compared to goods of the same type in the world and suitable for importing countries, and importers.

Enterprises need to build a technical team, and closely work with farmers to build a sustainable chain of links throughout the process from selecting varieties, cultivating to harvesting, ensuring quality and output that meet export standards as well as export standards as the trend of green and sustainable agriculture.

By Nguyen Hien/ Huu Tuc

Related News

Open credit flow to support import and export

Open credit flow to support import and export

VCN - Weak demand, reduced orders, pressure from trade defense... thereby leading to a series of financial difficulties for import-export businesses. Therefore, the credit flow to support import and export needs to "flow" properly and meet the needs of businesses.

Latest News

Take advantage of opportunities from American "eagles"

Take advantage of opportunities from American "eagles"

VCN - After upgrading the comprehensive strategic partnership, many US corporations and businesses have come to Vietnam to find investment opportunities as well as affirming to continue increasing investment in Vietnam, especially in fields related to high technology. This is also considered an important foundation for bilateral trade between Vietnam and the US to soon reach 200 billion USD.
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

VCN - HCM City led the nation in exports. In order to get this result, in addition to the market's recovery signal, there are also the efforts of businesses to overcome difficulties.
Strong recovery seen in industrial production in four months

Strong recovery seen in industrial production in four months

Vietnam’s industry sector has seen continuous recovery with the index of industrial production (IIP) expanding 6.0% year on year in the first four months of this year, according to the Ministry of Industry and Trade (MoIT).
"The key" to promote growth for businesses

"The key" to promote growth for businesses

VCN - An unlocking growth driver is an urgent requirement from the Government to help businesses and the economy quickly recover. But unlocking the driving forces must be accompanied by drastic reforms in institutions and the business environment to create conditions and increase confidence for businesses to step forward.

More News

An Giang Province to turn textile-garment, footwear into key export items

An Giang Province to turn textile-garment, footwear into key export items

The Cửu Long (Mekong) Delta Province of An Giang is promoting its textile and garment and footwear industries as key exporters by 2035.
“Hopeful stars" for businesses on the new journey

“Hopeful stars" for businesses on the new journey

VCN - Major export markets are undergoing significant changes, posing challenges for the business community. Many "hopeful stars" have been chosen by businesses with the desire to create a new breakthrough in business and reach new heights.
Vietnam remains attractive destinations for Japanese IT firms

Vietnam remains attractive destinations for Japanese IT firms

Link Station, one of the IT companies in Japan’s Aomori prefecture, has an ambitious plan to develop its branch in Vietnam into one of its central offices in Southeast Asia.
Pepper exports decrease in volume, increase in value

Pepper exports decrease in volume, increase in value

Vietnam exported 83,067 tonnes of pepper worth 352 million USD in the first four months of this year, down 19.4% in volume but up 10.3% in value, the Vietnam Pepper and Spice Association (VPSA) has reported.
Import turnover increases by US$13.5 billion

Import turnover increases by US$13.5 billion

VCN - The import turnover remained at two digits. In particular, many groups of commodities reach billions of USD such as computers, electronic products and components; machines, equipment and components.
Green production, trade will help wood industry increase export: Viforest

Green production, trade will help wood industry increase export: Viforest

Viforest is encouraging businesses to ensure green production, green trade and digital transformation. The association has been conducting many trade promotion activities at home and abroad to seek more customers and orders.
Hanoi attracts over 1.1 billion USD in FDI in four months

Hanoi attracts over 1.1 billion USD in FDI in four months

The capital city of Hanoi attracted more than 1.13 billion USD of foreign direct investment (FDI) in the first four months of this year, with 73 new projects worth over 1 billion USD and 47 projects permitted to increase a combined investment capital of 79 million USD.
FDI flows strongly into manufacturing, real estate

FDI flows strongly into manufacturing, real estate

Vietnam’s industrial real estate industry is expected to continue its strong growth trajectory due to foreign direct investment (FDI) inflows benefiting from tax incentives.
Maintaining recovery momentum amid uncertainties

Maintaining recovery momentum amid uncertainties

VCN – Amid current uncertainties, experts say that the Government needs to maintain macroeconomic stability, stimulate consumption, invest in infrastructure development, attract high- quality FDI flows through capital partnership consolidation with the United States and Japan and implement measures to support businesses.
Read More

Your care

Latest Most read
Take advantage of opportunities from American "eagles"

Take advantage of opportunities from American "eagles"

VCN - The fact that Vietnam and the US officially upgraded their relationship to the highest level into a comprehensive strategic partnership has opened up many opportunities to attract FDI from the US and promote bilateral trade.
Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

Ho Chi Minh City: Enterprises overcome difficulties, exports lead the country

VCN - HCM City led the nation in exports. In order to get this result, in addition to the market's recovery signal, there are also the efforts of businesses to overcome difficulties.
Strong recovery seen in industrial production in four months

Strong recovery seen in industrial production in four months

Vietnam’s industry sector has seen continuous recovery with the index of industrial production (IIP) expanding 6.0% year on year in the first four months of this year, according to the Ministry of Industry and Trade (MoIT).
"The key" to promote growth for businesses

"The key" to promote growth for businesses

VCN - From the perspective of manufacturing and exporting enterprises, Mr. Ngo Sy Hoai, Vice Chairman of the Vietnam Association of Wood and Forest Products (VIFOREST) said that the export of wood and wood products in the first 3 months of 2024 reached US
An Giang Province to turn textile-garment, footwear into key export items

An Giang Province to turn textile-garment, footwear into key export items

The Cửu Long (Mekong) Delta Province of An Giang is promoting its textile and garment and footwear industries as key exporters by 2035.
Mobile Version