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Why import from Vietnam

Opportunities for importers– Overview

Vietnam has trade relations with over 200 countries and territories. Compared with 10 years ago, export value has increased about six-fold, and the country has achieved high ranking among the world exporters of garment and several agricultural items (rice, pepper etc.).

As an importer or international trader, you will easily find your business opportunities in our country. 

Table1: Main export goods from Vietnam from Jan – August 2008 (1,000 tons, USD million)

 

 

 

8 months/2008

Change vs same period 2007 (%)

Volume

Value

Volume

Value

 

 

 

 

Total value

 

43321

 

139.1

 

Domestic economic sector

 

19625

 

143.9

 

FDI sector

 

23696

 

135.4

Main items

 

 

 

 

 

Crude oil 

8988

7880

89.2

153.3

 

Coal

15857

1017

74.4

152.8

 

Textile

 

6044

 

120.0

 

Footwear

 

3158

 

118.5

 

Had bags, wallets, suitcases, umbrellas

 

549

 

131.6

 

Electronics, computers

 

1659

 

126.0

 

Rattan, bamboo, rush, carpet goods

 

148

 

100.1

 

Porcelains & ceramics

 

235

 

105.8

 

Valuable stones and metals

 

736

 

648.8

 

Electric wires & cables

 

670

 

122.1

 

Plastic products

 

590

 

132.9

 

Bicycles and spare parts

 

59

 

107.0

 

Fats & oils, animal & vegetables

 

76

 

274.7

 

Children toys

 

70

 

146.1

 

Instant noodles

 

76

 

145.3

 

Rice

3381

2235

95.2

196.1

 

Coffee

728

1537

77.6

109.2

 

Vegetables & fruits

 

242

 

117.0

 

Rubber

383

1041

90.4

130.5

 

Pepper

66

234

111.2

125.7

 

Cashew nuts

109

597

112.0

149.6

 

Tea

70

97

97.4

130.9

 

Wooden products

 

1822

 

120.5

 

Seafood 

 

2889

 

120.8

Source: General Statistics Office – Vietnam (2008)

Ho Chi Minh City with its exceptional economic growth and development has become the destination to overseas importers. Here are valuable bases for international trade that the city possesses:

1.       Large number of enterprises

Ho Chi Minh City is the trading hub with more than 100,000 enterprises registered total capital of nearly 6 billion US dollars.

A large majority of these local businesses have been improving their trade and production capability through human resources training with professional, foreign language skills, and knowledge on international commercial laws. Besides, they keep focusing on product quality, competitive prices, as well as promotion and trademarks to maintain the competitive advantages in the market.

Obviously, importers will find it easy to search for potential quality partners.

2. Government Supports  

Export is encouraged and facilitated by the local government.  

It is supportive and helpful to importers with local knowledge and international trade experience offered by government’s agency. Investment & Trade Promotion Centre (ITPC) is a specialized trade promotion agent of the city functioned to organize business matching to overseas companies and assist overseas importers on any inquiries.

3. Excellent connections

In 2007, there are eighteen industrial and export processing zones have been built (3 Export Processing Zones, 1 High-tech Park, 2 Software Parks and 12 Industrial Parks) .

HCM City's Tan Son Nhat International Airport is the largest and busiest airport in the country. The Saigon Port is the biggest seaport of the country, able to berth vessels with a loading capacity of over 30,000 tons. HCM City possesses a well developed telecom sector with a level of cost equal to the regional average.

It is proven that the city infrastructure is ready to carry high international standard level of facilities and services in logistics to support export.

Table 2: Main export product of Ho Chi Minh City, 2007  

 

Product

Value (USD million)

Crude oil

8,477.50

Apparel

1,451.70

Rice

954.6

Footwear

324

Seafood

331.1

Milk and dairy products

34.4

Total exports

18,311.80

  • Note: Only domestic sector recorded

Source: The Statistics Office of HCMC (2008)

 
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