Groups of export products of Vietnam that have export advantages to this market are agricultural and aquatic products, processed foods, footwear, garments and textiles, and some high value-added product categories, such as electrical products, electronics, telephones, equipment, and machinery.
However, Mr. Bui Vuong Anh, Vietnam Trade Counselor in Germany, said that because Vietnamese exports accounted for only 2 percent of the total import turnover of the European market, the market room remains fairly large. Enterprises need to understand the advantages, especially for commodities, such as agricultural and aquatic products, garments and textiles, and footwear, to increase quickly market share in this region. As for seafood products, enterprises should pay attention to warnings on the origins of the European Union (EU). Because the EU currently has been increasing the frequency of checking seafood products exported from Vietnam.
In another perspective, the trade counselors said that the EU has up to 28 countries. However, exports from Vietnam mainly concentrated in a few nations, namely Germany, the Netherlands, Italy, France, and Austria. The fact that enterprises only focus on a few markets puts them at risk, especially when the market experiences fluctuations like the current Covid-19 pandemic. Therefore, it is necessary to consider expanding market share in this region. According to the Trade Counselor in Sweden, Vietnamese enterprises can now immediately expand their market share to Northern Europe, and products with great potential are women's garments, seafood, footwear, raw coffee bean, and unshelled cashew nuts.
However, Mr. Bui Vuong Anh, Vietnam Trade Counselor in Germany, said that because Vietnamese exports accounted for only 2 percent of the total import turnover of the European market, the market room remains fairly large. Enterprises need to understand the advantages, especially for commodities, such as agricultural and aquatic products, garments and textiles, and footwear, to increase quickly market share in this region. As for seafood products, enterprises should pay attention to warnings on the origins of the European Union (EU). Because the EU currently has been increasing the frequency of checking seafood products exported from Vietnam.
In another perspective, the trade counselors said that the EU has up to 28 countries. However, exports from Vietnam mainly concentrated in a few nations, namely Germany, the Netherlands, Italy, France, and Austria. The fact that enterprises only focus on a few markets puts them at risk, especially when the market experiences fluctuations like the current Covid-19 pandemic. Therefore, it is necessary to consider expanding market share in this region. According to the Trade Counselor in Sweden, Vietnamese enterprises can now immediately expand their market share to Northern Europe, and products with great potential are women's garments, seafood, footwear, raw coffee bean, and unshelled cashew nuts.
Other news

US$3.9 bln channelled into Hoa Lac Hi-Tech Park

Enterprises yet to make use of EVFTA when exporting agricultural products to EU

CAAV proposes construction, expansion of six airports

Bright economic appearance after 35 years of innovation

E-commerce platform for high-quality Vietnamese-made goods launched

Customs General Department orders to increase supervision on imported goods

E-commerce growth of Vietnam achieves 18 percent in 2020

Young businesspersons focus on creative businesses

Thirty businesses win HCMC Golden Brand Award
