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Nguyen Tuan, Deputy Director of the Commerce and Funding Promotion Centre of Ho Chi Minh Metropolis, mentioned France is at the moment the fifth largest European buying and selling companion of Vietnam, which has frequently recorded a commerce surplus with this market in recent times – over 1 billion USD throughout 2013 – 2027 and nonetheless rising now.
Vietnam exports a variety of commodities to France, and the EU – Vietnam Free Commerce Settlement (EVFTA), which took impact in August 2020, has created much more alternatives for shipments to France – one of many largest markets within the EU.
Although the COVID-19 pandemic induced unfavourable impacts on the worldwide commerce in 2021, bilateral commerce nonetheless noticed progress, he famous.
Final 12 months, Vietnam shipped about 3.2 billion USD price of products to France. The determine was 1.1 billion USD within the first 4 months of 2022, up 10.3 p.c 12 months on 12 months.
In the meantime, France’s exports to Vietnam approximated 1.6 billion USD in 2021, up 5.3 p.c, and stood at 450 million USD within the January – April this 12 months, down 16 p.c, in accordance with the Normal Division of Vietnam Customs.
Nguyen Hai Nam, Chairman of the Vietnamese Entrepreneurs’ Affiliation in France, identified that as socio-economic and inhabitants adjustments have affected the agricultural and meals consumption pattern within the European nation, Vietnamese corporations can discover alternatives for exporting fishery, fruit, confectionery, and cereal merchandise.
He additionally highlighted the prospect of a much bigger market share for such key exports as garment, footwear, rice, espresso, peppercorn, and fishery merchandise, the demand for which is rising in France.
Aside from important items, France additionally has nice demand for high-end merchandise for high-income earners and vacationers. This phase can generate appreciable income for Vietnamese exporters, Nam famous, including that natural agricultural and fishery merchandise can even have extra probabilities to extend their presence there.
Le Van Thanh Tra from the Supply of Asia firm suggested companies to assessment their capability earlier than accessing new markets like France within the post-pandemic interval, join with well-informed companions in these markets, and completely study in regards to the enterprise tradition in France.
Some corporations skilled in buying and selling with France really useful companies preserve cooperative relations with the French facet with the intention to assure sturdy cooperation.
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