Annual exports to EU expected to rise
HA NOI — Vietnamese export turnover to the European market this year will increase by 20 per cent, predicted experts at a workshop on trade with the European Union held yesterday in Ha Noi.
Export turnover of textile and garment goods, seafood, rubber, wooden goods, coffee, bags, handicraft, electronics and plastic goods would register strong export increases over figures from last year, heard workshop participants.
This rise in exports was despite Vietnamese pork, beef and chicken not being exported to the EU due to tough EU standards, and the fact that Viet Nam has yet to register for export of meat to the EU.
In terms of imports, the workshop heard that Viet Nam mostly imported technology and machinery from the EU to serve domestic production and consumption. This year, import turnover of technologies and machinery will exceed the growth rate of 26 per cent recorded in 2006.
Trade relations between Viet Nam and the EU have developed rapidly but the potential for the two sides has not been fully exploited, said Dang Duc Dung, deputy chairman of the Ha Noi Young Enterprises Association.
The reason, he said, was that the EU focused on their traditional strategic markets such as America, Africa and the Mediterranean.
During the workshop, participants discussed some of the shortcomings of the Vietnamese market, such as a legal system that lacks transparency and is still inconsistant.
However, experts said the Vietnamese investment environment would develop strongly in the near future as Viet Nam had joined the World Trade Organisation.
Ministries and sectors are now studying and carrying out action plans on Viet Nam-EU relations for the 2006-10 period. — VNS
Back
Top page
Print
Email
|