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NEW UPDATES Asean Affairs  11 February 2014  

Annual forecast optimistic for locally produced export goods

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 Belgium and Luxembourg, said the EU market had recovered, which will generate higher consumption demand, opening up more export opportunities.

Export of electronics, telephones, garments and textiles and footwear to Belgium, for example, enjoyed good growth last year and is expected to continue this year, Phu said.

Dao Tran Nhan, Vietnamese trade counselor in the US, said the US would remain a major market for Vietnamese goods, especially for seafood, footwear and apparel.

Similarity, Chile is becoming an increasingly important market for Viet Nam, with exports to the South American country growing at 20 per cent per year since 2010, said Tran Dinh Van, Vietnamese trade counsellor in Chile.

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 Viet Nam and the EU, and the FTA between Viet Nam and Korea under negotiation are expected to open up new opportunities for Vietnamese exports.

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.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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