Viet Nam’s farm produce exports to Australia post good growth despite COVID-19 pandemic
Despite difficulties brought by COVID-19, Viet Nam’s farm produce exports to Australia enjoyed positive growth, gradually conquering one of the most challenging markets in the world.
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| Vietnamese lychees promoted in Perth, Australia. (Photo: VNA) |
Head of the Viet Nam Trade Office in Australia Nguyen Phu Hoa said Vietnamese brands have been gaining increasing trust in Australia, following a programme on building brands of Vietnamese products over the past years and efforts made by businesses.
Statistics of the General Department of Viet Nam Customs showed that two-way trade neared 9.1 billion USD in the first nine months of 2021, a year-on-year surge of 50 per cent.
It is noteworthy that farm produce exports expanded by 32 per cent. Australian firms have reduced rice imports from other countries but still purchased a large volume of grain from Viet Nam.
Viet Nam and Australia recently announced an Enhanced Economic Engagement Strategy, aiming to soon bring the bilateral trade to 15 billion USD and open up chances for Vietnamese exporters to penetrate the Australian market in the coming time.
Viet Nam has carried out numerous projects and programmes to help the domestic business community improve their capacity and capitalise on free trade agreements (FTAs).
The Ministry of Industry and Trade has set up a website on FTAs to provide information on the deals and Viet Nam's commitments. It also launched the Viet-Aus Trade app last year, which offers support and information for exporters.
At the same time, firms have paid due attention to gaining Certificates of Origin (C/O) for their products in a bid to be exempted from tariffs in accordance with the FTAs, Hoa added.
According to him, maintaining the quality of products is the most important factor to keep the competitive advantage. Exporters are also advised to keep updated on the Australian market in order to be prepared for arising problems.
(Source: VNA)
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