There stays big alternatives for Vietnamese enterprises to speed up exports of agricultural and meals merchandise to the United Arab Emirates (UAE) due to its robust demand for these things, consultants have stated.
Because the regional commerce and logistics centre, the UAE was thought-about one of many world’s largest re-export markets for items together with farm produce, Nguyen Manh Tuan, Vietnamese Ambassador to the UAE, stated.
At the moment, Viet Nam exports US$200 million value of agricultural exports to the UAE every year. This determine was nonetheless modest in comparison with the UAE’s annual import turnover at about $5 billion.
Truong Xuan Trung, Vietnamese Commerce Counselor within the UAE, stated that in an effort to improve market share within the UAE, Vietnamese companies ought to strengthen co-operation and attend massive agricultural gala’s and exhibitions within the UAE.
On the identical time, the Authorities companies wanted to host boards and enterprise trade occasions in an effort to assist native corporations to find appropriate companions, confirm details about companions and rivals. The State also needs to present the corporations with up to date market info whereas finishing the bilateral authorized framework.
In the meantime, Raphael Nagel, President of the Abrahamic Enterprise Circle, stated the UAE had nice demand for agricultural merchandise to make sure meals safety. Due to this fact, in an effort to do enterprise efficiently within the UAE, companies wanted to determine consultant workplaces within the nation.
Amid a pointy improve in freight charges because of the pandemic, it was vital for the corporations to construct separate distribution channels to make sure the circulation of exported agricultural merchandise. On the identical time, they may collectively lease chilly storage and transportation programs to minimise export prices, he stated.
In keeping with the Ministry of Business and Commerce, the UAE was a possible marketplace for agricultural and meals merchandise from Viet Nam. Thus, selling the export of those merchandise to the UAE market was one of many high priorities.
As a part of its efforts, the ministry’s Commerce Promotion Company (VIETRADE) teamed up with the Vietnamese Embassy and Commerce Workplace within the UAE to organise the Vietnamese Pavilion on the Gulfood Dubai Honest 2022 with the participation of some 12 agricultural and processed meals enterprises from Viet Nam.
They included Vietnam Dairy Merchandise JSC (Vinamik), Hanfimex Vietnam JSC, Hoang Son 1 JSC, Prosi Thang Lengthy JSC, Tan Phat Meals Company and Dong Giao Foodstuff Import-Export Co.
Throughout the occasion which runs from February 13-17, these corporations showcased rice, cashew nuts, coconut, pepper, cinnamon, anise, milk and dairy merchandise, contemporary fruits and juice, amongst different gadgets.
Director of VIETRADE Vu Ba Phu described the occasion which was held with over 5,000 cubicles, attracting practically 100,000 guests, as a possibility for Vietnamese companies to hunt new companions and diversify their markets within the context that they had been discovering it exhausting to export agricultural and aquatic merchandise to conventional markets because of the impacts of the COVID-19 pandemic.