CITY – Businesses should co-operate closely with the Government to usher in a
second export wave of products with higher added-value and promotion of
brands, participants at a seminar in HMC City said on Tuesday.
Footwear products made at Mỹ Phong shoe company in Trà Vinh Province’s Châu Thành District. Viet Nam is advised to enter a second export wave of high added value products.VNA/VNS Photo Vũ Sinh
Nguyễn Phú Hoà, deputy head of the Ministry of Industry and Trade’s Import
and Export Department, the second wave is crucial given the world has entered
the tech-based Fourth Industrial Revolution that is tranforming society,
services and trade.
in Japan and the US, humans are working with robots while China is targeting
more modern production similar to South Korea’s and Japan’s.
first export wave, in which businesses exported raw material, is over.
pointed out that certain foundations would need to be established to
successfully develop the second wave.
The first is
setting up a system to share know-how innovated with the support of the
Government, according to participants.
This kind of
sharing will enable companies to access new technologies, talents and
research outcomes must be shared and published so that they could be applied.
requirement is creating trust and confidence since now many consumers doubt
the origin and quality of goods.
competitive infrastructure needs to be developed.
Hòa said one
huge thrust would be needed to upgrade roads, bridges, ports, and logistics
facilities to serve production and exports.
exports cannot be competitive when traffic jams occur regularly when goods
are on the way to airports and ports," and this problem should be fixed
soon, he said.
Nishitohge, general director of Japanese retailer AEON Vietnam, said
Vietnamese goods suppliers were constantly improving their products and
skills, and now supplied 81 per cent of all items sold in his supermarket.
governor of American Chamber of Commerce (AMCHAM) in HCM City, said
notwithstanding the Trans-Pacific Partnership (TPP) shock, Việt Nam’s growth
and reform continued apace.
orientation may shift but the US remains a key export market, albeit with new
TPP, there were many factors boosting Vietnamese exports, he said.
Economic Community established in 2015 had created an economic block of
substance, and free trade agreements with the EU and Korea and the Regional
Comprehensive Economic Partnership would have multiplier effects, he said.
into effect of the Trade Facilitation Agreement was another boost, he said,
adding that Việt Nam was staying the course in its global integration
the target markets and managing risk in export activities” was organised by
the Investment and Trade Promotion Centre.
from the Ministry of Industry and Trade has said that in the first seven
months of this year the country’s estimated exports were US$115.2 billion,
nearly 19 per cent higher year-on-year.
products exceeded the $1 billion export mark.
markets that have signed free trade agreements with Việt Nam continue to
For the full
year the ministry expects exports of $200 billion, a 13 per cent rise.
Imports are expected to increase by 17 per cent to $205
billion. - VNS