Production and export of many industries show signs of recovery

More export orders

Mr. Pham Tung Linh - Deputy General Director, Duc Giang Corporation said that the first 6 months of the year were very difficult for textile and garment enterprises, however, from the third quarter of 2023, the market showed more positive signs, especially from the US and EU markets, orders have returned.

Currently, Duc Giang has orders until the end of 2023, and is looking for orders for 2024. This business hopes to connect with Uniqlo, AEON system, and Walmart.

Representatives of several other textile and garment enterprises also said that textile and garment orders have improved after a long period of stagnation. The most positive signal was recorded from the US market.

For the seafood industry, the export market will also begin to improve at the end of 2023 and into 2024. A representative of the Ministry of Agriculture and Rural Development said that the seafood export target of 9 billion USD this year will certainly be achieved, but to reach 10 billion USD, more efforts are needed to exploit the market.

According to Ms. Hoang Thi Lien - President of the Vietnam Pepper Association, the Association is currently promoting exports and wishes to participate in the retail system of the EU market (France, Belgium, etc.), the United States, the United Kingdom and Eastern European markets. Some enterprises have penetrated the retail system, processing products for many retailers in Australia and the United States.

“Many buyers have visited the factory, trusted and placed orders. The pepper is clean, green, safe, and the company’s spice products meet EU standards and requirements. With its supply capacity, the company can export 1-2 40-foot containers of spices per month.

The association recommends that Vietnamese businesses abroad strengthen connections with buyers such as Walmart and Amazon, and market step by step to enter large markets," said Ms. Hoang Thi Lien.

Must meet strict market requirements

According to Mr. Tran Ngoc Quan, Vietnam Trade Counselor in Belgium and the EU, in order to access the market, Vietnamese buyers and businesses need to learn about new trends in production and consumption in the world; Like the consumption trends in Belgium and the EU, in terms of consumption, food is all oriented towards clean and green products. Textile and footwear products also aim towards being green, clean, and environmentally sustainable.

“Currently, Belgian enterprises are increasingly interested in the Vietnamese market, taking advantage of tax opportunities in EVFTA,” said Mr. Tran Ngoc Quan.

Mr. Tran Minh Thang, Head of the San Francisco Trade Office, also said that the US is a large market and product standards are similar to those of the EU. To penetrate deeper into this market, businesses should take advantage of niche markets such as the customer segment of Latin American businesses, because in terms of quality, the products of this group are quite suitable for Vietnamese manufacturing businesses. They will distribute Vietnamese products to Central America and South America.

In the role of a buyer, Mr. Nguyen Duc Trong - Senior Manager - Supplier Development Asia, Walmart said, Walmart wants to find partners in 6 areas including: Clothing and accessories, footwear, textiles and accessories, home electronics, furniture, food and consumer goods.

As for the representative of AEON Group in Vietnam, the main goal of the purchasing delegation is to find manufacturing enterprises in Vietnam that have the capacity and meet AEON's criteria and standards to become sustainable supply partners not only in Vietnam but also in the global AEON TopValu system.

“Aeon's purchasing philosophy is very simple: how to meet customer needs, and the price is also a price that matches the quality of the product.

Quality standards also have separate regulations based on customer feedback on shopping needs. Therefore, businesses need to make efforts to transform to an integrated production model to optimize processes and increase production efficiency," said an AEON representative in Vietnam.