Ex­port­ing to EU opens op­por­tu­ni­ties for lo­cal firms

Viet Nam News - - FRONT PAGE -

HAØ NOÄI — The EU is a de­mand­ing mar­ket with strict stan­dards for im­ported prod­ucts, so meet­ing the bloc’s re­quire­ments would be an op­por­tu­nity for lo­cal ex­porters to ex­pand their mar­ket.

Phaïm Vaên Cöôøng, gen­eral di­rec­tor of GOC Food Pro­cess­ing Ex­port Joint Stock Com­pany told the 2018 Vieät Nam – EU Trade Fo­rum, themed “

” held in Haø Noäi yes­ter­day this would be an op­por­tu­nity for Viet­namese firms to im­prove their man­age­ment ex­pe­ri­ence.

With three fac­to­ries spe­cial­is­ing in pro­duc­ing and sup­ply­ing agri­cul­tural prod­ucts for ex­port, he said ex­porters to the EU also have to pay at­ten­tion to poli­cies re­lat­ing to en­vi­ron­men­tal pro­tec­tion, en­ergy sav­ing and labour stan­dards.

He said his com­pany has not set a high profit tar­get when ex­port­ing to the EU but meet­ing the mar­ket’s re­quire­ments would help them ex­port else­where.

Mean­while, spe­cial­ist Ha­dyn Craig from the UK Cen­tre for Sci­en­tific and Tech­ni­cal Cre­ativ­ity noted that con­sumers’ health in the EU has been con­sid­ered as one of im­por­tant fac- tors for devel­op­ment. It was the rea­son that con­trol­ling qual­ity has al­ways been a re­quire­ment for prod­ucts, es­pe­cially im­ported agri­cul­tural ones.

Nguyeãn Thò Huyeàn, di­rec­tor of VINA SAMEX JSC said the trend in the EU was to use nat­u­ral prod­ucts.

“There­fore, Viet­namese en­ter­prises should not only strictly con­trol food safety and qual­ity of prod­ucts, but also pro­mote or­ganic and clean prod­ucts,” she said, add- ing they have trained farm­ers not to use fer­tiliser and chem­i­cals.

Deputy Min­is­ter of In­dus­try and Trade, Cao Quoác Höng said the EU is a pros­per­ous eco­nomic re­gion with GDP ac­count­ing for 23 per cent of the world’s nom­i­nal GDP and an­nual av­er­age per capita in­come up to US$40,890.

He said Vieät Nam has ad­van­tages in pro­duc­tion and ex­ports of trop­i­cal agri­cul­tural prod­ucts to the EU and will have more when the EU-Vieät Nam Free Trade Agree­ment (EVFTA) takes ef­fect. How­ever, this mar­ket has strict reg­u­la­tions on prod­uct qual­ity and food hy­giene and safety.

How­ever, the Gov­ern­ment, busi­nesses and con­sul­tants should join hands to take ad­van­tages of EVFTA, he said.

French agri­cul­tural coun­selor in Vieät Nam, Alexan­dre Bou­chot, said it is cru­cial to de­cen­tralise the man­age­ment of food pol­icy, pro­mote lo­cal ini­tia­tives, en­hance the at­trac­tion of en­ter- prises’ in­vest­ment in agri­cul­ture and fo­cus on train­ing to meet re­quire­ments.

Many trade ex­perts said that the first bar­rier for ex­ports of Vieät Nam’s agri­cul­tural prod­ucts to the EU was a lack of links be­tween farm­ers and en­ter­prises.

Traàn Vaên Coâng, deputy di­rec­tor of the Agro Pro­cess­ing and Mar­ket Devel­op­ment Au­thor­ity un­der the Min­istry of Agri­cul­ture and Ru­ral Devel­op­ment, said in ad­di­tion to pref­er­en­tial land prices and in­ter­est rate, the Gov­ern­ment has also en­cour­aged busi­nesses in­vest­ing in high-tech and clean agri­cul­ture.

He said in­vest­ing in high-tech agri­cul­ture would not only im­prove prod­uct qual­ity but also help firms join value chains, meet im­porters’ re­quire­ments and in­crease com­pet­i­tive­ness.

“Vieät Nam wel­comes and is ready t o ap­ply pref­er­en­tial mech­a­nisms to en­cour­age in­vest­ment and co-op­er­a­tion from EU firms in agri­cul­tural pro­cess­ing,” he added.

Ac­cord­ing to the Min­istry of In­dus­try and Trade, the two-way trade be­tween Vieät Nam and EU reached $50 bil­lion in 2017, with ex­ports of agri­cul­tural prod­ucts from Vieät Nam to the EU ex­ceed­ing $5 bil­lion. — VNS

PRINTED AND DIS­TRIB­UTED BY PRESSREADER

Newspapers in English

Newspapers from Viet Nam

© PressReader. All rights reserved.