Monday, November 18, 2019 2:35:34 AM - Markets open
VN-INDEX 1,010.03 -2.27/-0.22%
HNX-INDEX 106.03 -0.21/-0.20%
UPCOM-INDEX 57.00 +0.29/+0.52%
VN exports should target West Asia: conference - 6/23/2019 9:00:00 AM
 (0 ratings. You must sign in to rate.)
West Asia offers Vietnamese businesses a huge export opportunity, experts told a conference in HCM City yesterday. 
Phạm Hoài Linh of the Asia and Africa Market Agency said the region is rich in oil and gas and affluent and has enormous demand for foodstuff and agriculture products due to its unfavourable climate.
It imports around US$40 billion worth of food, or 80 per cent of its needs, annually, according to Linh.
Its imports and exports match Việt Nam's strengths and need.
Ten out of 15 countries in the region are members of the World Trade Organisation, and six are part of the Gulf Cooperation Council and have 0-5 per cent import taxes.
Việt Nam’s trade with the region last year was worth nearly US$14 billion, with cashew and seafood being among Việt Nam’s biggest exports, and the country also has good political relations with West Asian countries.
But the region is beset by conflicts while geographical distance, lack of information about each other, cultural differences, technical barriers, protectionist policies also pose challenges.
Many importers do not make use of letters of credit, making trade sometimes risky.
Linh urged Vietnamese businesses to take part in trade facilitation events and exhibitions, conduct thorough market research and stay in touch with Vietnamese embassies. 
Nguyễn Thị Ngọc Hằng of the Halal Certification Agency said getting halal certification was important for exporting, and businesses should not contain haram, or forbidden, materials such as pork and alcohol.
Businesses also must separate the production and storage of halal and non-halal products, and the contents on the packaging should be in Arabic and not have haram elements, she said.
West Asia had a combined GDP of nearly US$3.5 trillion in 2018. - VNS
Read original article here
Newer News
17/11 Household businesses to be regulated: NA deputies
16/11 Steel products experience slow consumption in October
13/11 Vietnam urged to promote circular economy
11/11 Vietnam’s exports estimated at 217.05 bln USD in 10 months
09/11 Livestock exports expected to fetch US$1.2 billion this year
07/11 Vietnam’s export tunover surges 7.4 percent in 10 months
03/11 Vietnamese telcos target 5G chipsets and devices
02/11 US forecasts bright outlook for trade with Việt Nam
02/11 EVFTA must bring benefits to people: INTA chief
29/10 Anti-dumping duties on steel products extended for 5 more years
Older News
21/06 Deputy PM updates RoK investors on Vietnam’s policies
19/06 Vietnam’s rubber exports drop in May
18/06 Philippine company eyes investment in Vietnam’s tea industry
17/06 Growing Chinese investment in Việt Nam: time to worry?
16/06 Denim production needs green growth
14/06 Vietnam, China step up cooperation in trade, agriculture, logistics
13/06 Large FDI inflows to make Việt Nam among APAC's fastest growing economies
13/06 Building material prices on the rise
12/06 Government to crack down on trade fraud
12/06 Fitch sees positive outlook for Việt Nam
Newsletter Signup
Top Stories
Reference exchange rate unchanged on November 13
VN-Index slides for second day
Reference exchange rate reverses downward trend on October 23
Prices of Grade A office space rise due to low supply
VN stocks to beat 1,000 points in Q4
Market Update
Last updated at 3:10:01 PM
VN-INDEX 1,010.03 -2.27/-0.22%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.