16:34 | 04/04/2016 Trade
(VEN) - Agricultural products are among key Vietnamese exports to the United Arab Emirates (UAE) and the Middle East in general.
Editor-in-Chief of the Industry and Trade Review Nguyen Huu Quy (third from the left) attends the conference
As one of the seven emirates of the UAE, Dubai for a long time has been known as the largest trade center in the Middle East and a gateway to many markets.
A conference was held in Dubai on the occasion of Gulfood 2016 - the largest annual agricultural products, food and beverage fair in the Middle East - to share experiences in taking Vietnamese agricultural and food brands abroad. Vietnamese Ambassador to the UAE Pham Binh Dam said Dubai was considered as a major marketing gateway to the world, and exports to Dubai would be transported for sale in the other six emirates of the UAE, including Abu Dhabi, Sharjah, Ras Al-Khaimah, Umm Ai-Qaiwain, Ajman, and Fujairah, and countries in the Middle East, North Africa, and Central Asia. Vietnamese exports to Dubai have increased rapidly in recent years, and Dubai has become a major export market for Vietnam.
As the first Vietnamese person to access the Dubai market, Nguyen Lien Phuong, President of VChoice Dubai, Director of the LP Vietnam Academy of Entrepreneurs, said that the UAE and Dubai in particular were places where people had high incomes and the consumer demand was high, with per-capita gross domestic product (GDP) reaching US$65,000 per year. Welcoming 20 million tourists annually, the demand for shopping in the UAE is high.
The UAE and Dubai in particular are open markets that import all kinds of goods for domestic sale and re-export to neighboring countries. Administrative procedures applied to exports to Dubai are simple and can be implemented with the support of an electronic customs clearance system. Dubai uses no technical barriers to imported products as those applied by the EU or North America. Notably, Dubai has almost no import taxes.
However, due to the absence of technical barriers, the Dubai market has been overwhelmed with low-priced goods from China and India, requiring Vietnamese goods to fiercely compete. China and India are located closer to Dubai than Vietnam, so they can benefit from lower transportation costs. But in fact, Dubai consumers will choose to buy Vietnamese goods if they are sold at equivalent prices to Chinese and Indian goods.
The Vietnamese pavilion at Gulfood Dubai 2016 attracted great attention from customers from five continents. Vietnamese businesses participating in the fair, such as Vinamilk, TH Trumilk, Hapro, Lotus Rice, and Hanoi-Kinh Bac have signed big export contracts and established links with international importers.
Addressing the conference, Editor-in-Chief of the Industry and Trade Review Nguyen Huu Quy highly appreciated the LP Vietnam Academy of Entrepreneurs for their efforts to organize the Vietnamese pavilion at Gulfood Dubai 2016. He said the growing presence of Vietnamese goods in Dubai gave clear evidence of the value of Vietnamese brands and their ability to enter the global market. In his opinion, Vietnamese businesses need the support of ministries, sectors, and the media.
Le Kim Lien