return icon Vietnamnet.vn

International markets open more widely to Vietnamese goods

VietNamNet Bridge - Vietnamese products have more opportunities than ever before to conquer the world market. 
VietNamNet Bridge - Vietnamese products have more opportunities than ever before to conquer the world market. Through foreign distribution networks and global e-commerce websites, Vietnamese products have entered choosy markets without the need to use many intermediaries as in the past.


{keywords}




Nishitoghe Yasuo, CEO of Aeon Vietnam, said at a workshop held recently that the quality of goods from Vietnamese suppliers has improved. In 2016, Aeon bought $200 million worth of products from 1,675 Vietnamese suppliers to sell at its 14,000 shops in Asia and Japan.

Albin Bertrand from Auchan Retail Vietnam also said Vietnam has many high-quality products such as coffee and tea, and if businesses can make products fitting international consumers’ tastes, they can be accepted by supermarket chains worldwide.

He said Auchan is considering building goods collection centers in Vietnam which would be in charge of collecting goods to distribute through the global Auchan chain.

A representative of Central Group said a subsidiary in charge of collecting and exporting Vietnam’s products exported $25 million worth of products to Europe in 2015.

Vietnamese products have more opportunities than ever before to conquer the world market. Through foreign distribution networks and global e-commerce websites, Vietnamese products have entered choosy markets without the need to use many intermediaries as in the past.

However, it is still a big challenge to export products to the European market. Vietnamese businesses have been advised to take full advantage of e-commerce by displaying goods on Amazon to boost sales.

Andre Aslund, a marketing expert from Amazon, said there are two challenges for Vietnamese goods to enter the EU through e-commerce – a complicated legal system and strict requirements on product quality and design.

However, he said European consumers have changed their behavior that benefits Vietnam. 

In the past, they bought goods based on the fame of brands. But now, they check information about products from different information sources. They also tend to check comments about products and consult with other consumers. This is a great opportunity for products from developing countries like Vietnam.

Besides Amazon, many Vietnamese enterprises try to sell products via Alibaba. A representative of Hai San 404 in Can Tho City said sales through Alibaba.com now account for 60 percent of its total export turnover.

Le Thi Thanh Hang, director of Elmaco, said her company has been exporting online for the last five years and is satisfied with the sales channel because it helps open new markets at very reasonable costs.

Tran Quang Vuong, president of GC Food USA, noted that American consumers favor products sourced from Vietnam and packed in the US. 

He suggested that the State create favorable conditions to set up bonded warehouses to help businesses provide goods to foreign distribution chains, thus helping boost exports.


RELATED NEWS

Vietnam's top export products in five months

Vietnamese fruit exporters warned about 13 UAE companies


Kim Chi

MORE NEWS

Aviation ground services to go-green to meet compliance

The Civil Aviation Authority of Vietnam (CAAV) is collecting comments on a draft circular stipulating that all businesses in the sector must have a plan to convert ground vehicles from fossil fuels to electric.

President visits, offers condolences to widow of late PM Abe Shinzo

President Nguyen Xuan Phuc visited and offered condolences to Abe Akie, the widow of late Japanese Prime Minister Abe Shinzo, at her home on September 28.

VIETNAM BUSINESS NEWS SEPTEMBER 28

US firm pours capital in cross-border e-commerce project in Binh Duong

VIETNAM NEWS HEADLINES SEPTEMBER 28

PM requests prompt measures to overcome Typhoon Noru’s consequences

Dim outlook for domestic auto component industry

Vietnamese automotive component industry has a dim outlook for growth as it lags behind those in many other regional countries, according to the Ministry of Industry and Trade (MoIT).

Animated series seeks to change stereotypes on Vietnamese products

Wolfoo, a YouTube children’s animated web series, which has reached more than 2 billion views a month, has changed the world’s stereotypes on Vietnamese products.

VN banking prospects from now to the end of the year

Under the circular, the State Bank of Vietnam told banks to reschedule debt repayments to help customers affected by the COVID-19 pandemic until June 30 this year.

JPMorgan: 65% of AirPods production to be located in Vietnam in 2025

JPMorgan analyst expects 20 percent of iPad, 5 percent of MacBook, 20 percent of Apple Watch and 65 percent of AirPods production to be located in Vietnam in 2025.

US$2.3 billion withdrawn from stock market, investors begin to worry

Concerns are increasing in the stock market after the State Bank of Vietnam (SBV) raised regulating interest rates and withdrew VND56 trillion (over US$2.3 billion) last week.

Teacher Nguyen Ngoc Ky writing with feet passes away

This morning, 75-year-old teacher Nguyen Ngoc K, who inspired many generations of students with his determination to rise up in life, passed away at his home in Thu Duc City.

Typhoon Noru passes through central Vietnam

Super typhoon Noru swept through central Vietnam on September 27 night and early September 28, bringing strong winds and torrential rains.

Discovering craft villages in Buddhist centre in Quang Ninh

Coming to Yen Tu relic site in Quang Ninh province – Vietnam’s major Buddhist centre, tourists can also experience traditional crafts such as making hats, bamboo handicrafts, and wood carvings.

Ministry drafts mechanism to adjust average retail power price

The Ministry of Industry and Trade (MoIT) is drafting a Prime Minister's Decision on the mechanism for adjusting the average retail electricity price.

Foreign investment disbursement hits record high in nine months

Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.

Foreign Minister Bui Thanh Son pays visit to Germany

Minister of Foreign Affairs Bui Thanh Son paid an official visit to Germany from September 26-27 at the invitation of his German counterpart Annalena Baerbock.
back_to_top