Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >>   Trade  >>   EU trade protections snag products
NEWS UPDATES 13 July 2010

EU trade protections snag products

Related Stories

July 8, 2010
Vietnam boosts trade with Cambodia

October10, 2009
Vietnam expects trade with Cambodia to rebound in 2010

October 7, 2009
Vietnam, UK to diversify trade, boost exports

October 1, 2009
Germany tops EU investors in Vietnam

September 17, 2009
US cuts duty on Vietnamese shrimp exports

September 2, 2009
Vietnam to ship goods straight to US

August 22, 2009
Vietnam’s rice exports seen hitting record in 2009

Many Vietnamese products, including garments, have found it hard to enter the EU because of trade protection and quality control policies. The issue is exacerbated by the debt crisis in several EU countries.

According to the Viet Nam Garments and Apparel Association (Vitas), in the first six months of this year, turnover of Viet Nam's garments exported to the EU – one of Viet Nam's biggest export markets for garments – increased by only 1 percent to US$680 million. However, export turnover for April and May dropped by nearly 3 per- cent over the same period last year.

Meanwhile, the country's garment exports to its two other major export markets of the U.S. and Japan have seen positive signs with a 15 percent growth and a $2.7 billion export turnover to the US and a 10 percent growth that earned $515 million to Japan.

This positive trend can also be seen in the Republic of Korea and other Asean markets with respective growths of 40 percent and 20 percent.

In recent years, Viet Nam's garment exports to the US have enjoyed growth rates ranging from 17 to 30 percent while those to the EU increased by only 11-12 per cent. Tran Ngoc Quan, head of the EU desk under the Ministry of Industry and Trade's EU Marketing Department, said that not only garments producers but all Vietnamese businesses that export goods to the EU are facing difficulties.

According to trade experts, it will be hard for Viet Nam to increase its garment exports to the EU during the rest of this year as several regional economies such as Greece and Portugal have yet to see signs of recovery due to a sharp decrease in consumer confidence in the wake of the debt crisis.

In addition, the EU is a selective market with strict technical and quality regulations to protect EU consumers and businesses. Therefore, goods exported to this region usually face more barriers than other large markets

To overcome these obstacles, Vietnamese garments businesses are advised to create high-value products that can meet the EU requirements and speed up the implementation of advanced production technologies to increase their productivity and competitiveness.

They should also form alliances with large retailers and global importers, say experts.

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




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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand