VN ex­ports face tough chal­lenges

Viet Nam News - - Business -

HAØ NOÄI — Low value adds, poor qual­ity of ex­ports and heavy de­pen­dence on raw ma­te­rial im­ports along with poor pro­cess­ing fa­cil­i­ties and trans­porta­tion were af­fect­ing the coun­try’s ex­port qual­ity and ef­fi­ciency.

Nguyeãn Thò Thu Haèng, se­nior tech­ni­cal con­sul­tant at Ex­port Po­ten­tial As­sess­ment (EPA), told a con­fer­ence in Haø Noäi yes­ter­day that lim­ited un­der­stand­ing about for­eign mar­kets and in­ter­na­tional trade is­sues and in­ad­e­quate mar­ket in­for­ma­tion, poor sup­ply chain and sec­tor link­ages as well as out­dated pro­duc­tion and pro­cess­ing tech­nolo­gies for ex­port prod­ucts were also prob­lems plagu­ing the coun­try ’ s ex­ports.

EPA is the first ma­jor ac­tiv­ity of the four-year “De­cen­tralised Trade Sup­port Ser­vices for Strength­en­ing the In­ter­na­tional Com­pet­i­tive­ness of Viet­namese Small and Medium-sized En­ter­prises” pro­gramme, be­ing im­ple­mented na­tion­ally by the Trade Pro­mo­tion Agency.

In order to deal with these is­sues, Haèng em­pha­sised on the im­por­tance of pro­mot­ing the im­ple­men­ta­tion of the State ’ s pref­er­en­tial poli­cies in sup­port in­dus­tries to solve in­put ma­te­rial short­ages.

Be­sides, to en­hance link­ages in sup­ply chains to re­duce cost, im­prov­ing prod­uct qual­ity and com­pet­i­tive­ness of ex­ports, di- ver­si­fy­ing ex­port mar­kets and ac­cel­er­at­ing trade pro­mo­tion were also nec­es­sary, she said.

She added that im­prov­ing the ca­pac­ity of do­mes­tic en­ter­prises in ne­go­ti­at­ing, con­tract­ing and get­ting in­ter­na­tional trans­ac­tions re­duced should be also in­cluded.

On his speech at the event, Deputy Min­is­ter of In­dus­try and Trade Ñoã Thaéng Haûi said Vieät Nam was at­tempt­ing to in­crease ex­ports of high- value goods while re­duc­ing ship­ments of raw ma­te­ri­als abroad.

The coun­try was also fos­ter­ing its ne­go­ti­a­tions of Free Trade Agree­ments with for­eign coun­tries to ex­pand ex­port out­lets, he said.

In the fu­ture, it was nec­es­sary to iden­tify and as­sess prod­ucts and ser­vices which had an ex­port po­ten­tial and then fo­cus on ac­cel­er­at­ing ex­ports of these goods, he noted.

Ac­cord­ing to a re­port which was also re­leased at yes­ter­day’s con­fer­ence, the items with high ex­port po­ten­tials in the short to medium terms were cof­fee, rub­ber and cas­sava along with pep­per, gar­ments and leather shoes. Seafood such as tuna and shrimp were also on the list. Elec­tron­ics, tex­tiles and gar­ment, and wooden goods apart from bam­boo and rat­tan prod­ucts, were also items with high ex­port po­ten­tial. Tourism and labour were items on the list. —

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