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VIETNAM ENTERPRISES PROACTIVELY APPROACH FOREIGN MARKETS

In reviewing the first quarter’s performance, the General Statistics Organization showed that Vietnam import and export of goods reached 154.27 billion USD (export/import: 79.17 / 75.1 billion USD). The trade surplus with USD 4.07 billion. From the same source, the causes of the decline came from the slow recovery of the world economy with tight monetary policies in many countries, which reduced the consumption demand of major trading partners, and the metal was affected. Import and export turnover of goods of Vietnam.

Forecast of the difficulties in coming months, government agencies and Vietnam enterprises have taken a lot of measures for 2023. Recently, on April 13, Prime Minister Pham Minh Chinh chaired a meeting to work with the Association of Timber and Forest Products and the Vietnam Association of Seafood Exporters and Producers to remove difficulties and promote production and export. Forestry and fishery products. In the meeting, there were some solutions worth considering and applying to other industries (besides governmental solutions for policies and infrastructure improvement):

– Study to diversify products at different levels from raw to ready-made products, such as semi-cooked foods, friendly environmental effects, and healthy products. Adding more value in usage to consumers at each market.

– Exchange information with Vietnam’s authorities to enhance the policies and infrastructure, investments.

– Maximize FTAs between Vietnam and contracted partners for competitive advantages especially low cost in the situation of a downturned economy.

– Cooperate with professional supply chain and logistics providers like Voltrans Logistics to customize the supply chain from production to end users for the most reasonable cost, timely delivery, and market updates.

– Not but not least, improve local market consumption besides foreign markets. Promote the support from locals – “Vietnamese use Vietnamese’ products.”

We hope to receive more and more solutions from any enterprise, professionals, traders, scientists, and others for our common development goals.

By Thomas
Voltrans Logistics – Your Ware Our Care