Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Trade  >> Annual forecast optimistic for locally produced export goods
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.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    February 11, 2014 Subsribe Now !
• Govt-farmer rice talks fail; farmers storm out of meeting Subcribe: Asean Affairs Global Magazine
• Annual forecast optimistic for locally produced export goods
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Loans at MFIs grow to surpass $1 billionds
• President Sang attempts to entice increased Japanese investment
Asean Analysis                    7 February  2014 Advertise Your Brand
• Asean Analysis-February 7, 2014
Thai Democracy Faces Continuing Hurdles in the Wake of Elections
• Asean Analysis-February 7, 2014
China becomes largest investor in Laos
Asean Stock Watch    10 February 2014
• Asean Stock Watch-February 10, 2014
• Asean Analysis-February 7, 2014
Myanmar’s Constitutional Review Committee Shies Away from Needed Changes

The Biweekly Update
• The Biweekly Update  February 7, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


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






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand