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Rice is the main export product of Vietnam to Africa. Illustrative picture (Supply: VNA)Hanoi (VNA) – A Vietnam-Africa
on-line commerce alternate convention was held on June 14 by the Vietnam Commerce Promotion
Company (Vietrade) below the Ministry of Trade and Commerce in collaboration
with Vietnam Commerce Places of work in African international locations, aiming to assist Vietnamese
companies, localities and cooperatives search partnerships to spice up meals
exports to the African market.
In accordance with Vietrade Vice Director Nguyen
Thi Thu Thuy, African international locations’ demand for meals, particularly rice, is
excessive and various. She underlined Vietnam’s alternatives to supply many meals
merchandise to the practically 1.4-million-strong market.
Statistics confirmed that within the first 5
months of 2022, Vietnam shipped 2.38 million USD price of the merchandise to
Algeria. Rice was the main export product of Vietnam to Africa, which
accounted for 20 p.c of complete export income generated from the market,
which can be a promising land for Vietnamese espresso and peppercorn.
Annually, African international locations spend about
750 million USD on importing espresso, stated Thuy, noting that Vietnam has been
one of many 5 main suppliers of the product in Africa.
Hoang Duc Nhuan, Vietnamese Commerce Councilor in Algeria, stated that Vietnamese
espresso is accounting for 50 p.c of market share within the nation. Nonetheless, Vietnam is
going through fierce competitors from China, Thailand, India, Pakistan and different
international locations which have signed free commerce agreements with Algeria. The scenario is
comparable in different markets within the African area, he stated.
Nhuan held that top logistics prices are an enormous drawback for Vietnam, together with
variations in customers’ habits and high quality requirements.
Tran Hung Cuong from the Vietnamese Commerce Workplace in Nigeria stated that within the
first 5 months of this yr, Vietnam earned 62.94 million USD from the
Nigerian market, up 10.3 p.c yr on yr. Nonetheless, the worth of meals
exports out there has remained modest, he famous.
Specialists on the occasion reminded Vietnamese exporters to pay larger consideration to move
and preservation levels when exporting items to Africa.
They suggested Vietnamese corporations to fastidiously examine
the market in addition to authorized rules in every nation and data of its
companions to keep away from dangers, whereas selecting protected fee strategies.
On the similar time, they underlined the necessity for exporters to make sure that their
merchandise meet specific necessities in every market./.
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