Zero ASEAN tariffs, promising export avenue

(VEN) - In the first two months of 2017, Vietnam exported goods worth US$2.9 billion to ASEAN markets, up 15.9 percent from the same period in 2016.  
zero asean tariffs promising export avenue

Thorough market research is very important for Vietnamese businesses to penetrate ASEAN markets

The export growth is attributed, among other things, to the formation of the ASEAN (Association of Southeast Asian Nations) Economic Community in December 2015, mandating a lifting of most trade tariffs. Along with concerns about a flood of zero-tariff ASEAN goods entering Vietnam and competing with domestic products, AEC is offering a sea of opportunities for local exporters.

The Quang Vinh Ceramics Co Ltd (Hanoi), for example, is an experienced exporter of goods to such major markets as the US and the EU. In recent years, the ASEAN tariff zeroing roadmap has attracted the company’s interest in exporting goods to ASEAN markets. The company has exported ceramic and porcelain products to Laos, a first step of its penetration into the Southeast Asian market.

To benefit from the ASEAN tariff zeroing, the Dai Dong Tien Company has accelerated household appliance exports to Thailand, Myanmar and other ASEAN markets in recent years. Company products have attracted consumers, while its exports have increased significantly in value.

Many other Vietnamese companies have increased exports to ASEAN markets. According to the Ministry of Industry and Trade, ASEAN has been a key market for Vietnamese goods for many years.

Apart from crude oil and rice, textile and garment, footwear, seafood, coffee, rubber, computers, electronic parts and components and steel and iron of different kinds from Vietnam have carved out a niche in ASEAN markets.

With their high quality and tastes satisfying ASEAN consumers, many Vietnamese products, including Dien Quang bulbs, Hoa Phat steel, Bibica confectionery, Nhon Hoa weight, Thien Long ball-point pens, Bidrico beverages and Cholimex chilli sauce, among others, have become familiar to ASEAN consumers.

Despite the great potential, increasing exports to ASEAN markets is not easy due to tough competition from products of the same kind from Thailand, Singapore, Malaysia and other member states. To confront the competition, Vietnamese businesses are advised to continuously renovate products, improve product and service quality, carry out thorough market research, build connectivity to form distribution channels, and pay attention to non-tariff barriers such as food hygiene and safety standards. The Ministry of Industry and Trade has said it will carry out national trade promotion activities and assist businesses to connect and better trade with potential ASEAN markets. 

Bao Ngoc

See also

Smart logistics key for competitiveness improvement experts

Smart logistics key for competitiveness improvement experts

To meet the demand of domestic trading and import-export activities, the logistics sector is working towards professional and competitive services meeting international standards, in which smart logistics development is considered the key solution.
Bac Giang boosts lychee exports to US

Bac Giang boosts lychee exports to US

(VEN) - During this lychee season, the northern province of Bac Giang expects to export 1,500 tonnes of the fruit to the US and the locality is resolving difficulties to achieve this target.
Businesses asked to keep close watch on US investigation into boltless steel shelving imports

Businesses asked to keep close watch on US investigation into boltless steel shelving imports

The US Department of Commerce (DOC) has commenced anti-dumping investigation into bottless steel shelving units from Việt Nam, Trade Remedies Authority of Việt Nam said, recommending enterprises producing and exporting related products keep a close watch on the next developments of the case. ​
Timber exporters face a sharp decline in orders

Timber exporters face a sharp decline in orders

Data from the General Department of Customs showed that the export turnover of wood and wooden products reached US$3.9 billion in the first four months, down 30.6 per cent year-on-year. The export of wooden goods saw a yearly decline of 38 per cent to $2.6 billion.
Enhancing Exports to China

Enhancing Exports to China

(VEN) - Le Hoang Tai, Deputy Director of the Ministry of Industry and Trade’s Vietnam Trade Promotion Agency (VIETRADE), said at a recent meeting with the media that despite Vietnam's geographic advantage, exports to China require greater efforts on the part of businesses in order to adapt to Chinese standards and achieve efficient outreach.
VN to play a greater role in global commodity exchanges

VN to play a greater role in global commodity exchanges

The Mercantile Exchange of Vietnam (MXV) is to play an increasingly important role in global trade with changes in the Southeast Asia economy's supply and demand can impact the listed prices of commodities on global exchanges.

See more news

Exploring new markets expected to fuel foreign trade

Exploring new markets expected to fuel foreign trade

Việt Nam witnessed declines in both exports and imports in the first four months of 2023, and exploring new markets is now considered one of the solutions to foreign trade bottlenecks.
FDI sector posts trade surplus of over US$14 billion in four months

FDI sector posts trade surplus of over US$14 billion in four months

Despite an overall export decline due to the shortage of orders, foreign direct invested (FDI) businesses still posted more than US$14 billion in trade surplus in the first four months.
2 representatives from Vietnam excellently won the 2nd prize in ICAEW China and South-East Asia Business Challenge 2023

2 representatives from Vietnam excellently won the 2nd prize in ICAEW China and South-East Asia Business Challenge 2023

(VEN) - The Institute of Chartered Accountants of England and Wales (ICAEW) hosted its annual ICAEW China and South-East Asia Business Challenge 2023 for the first time in Vietnam.
Tea exports earn 50 mln USD in first four months of 2023

Tea exports earn 50 mln USD in first four months of 2023

According to the Ministry of Agriculture and Rural Development (MARD), tea exports in the first four months of this year reached 30,000 tonnes, worth 50 million USD, down 4.8% in volume and 5.8% in value compared to the same period last year.
Vietnamese rice welcomed in Australia, Vanuatu

Vietnamese rice welcomed in Australia, Vanuatu

(VEN) - Domestic companies have signed contracts for exporting 10 containers of ST25 rice to the Pacific Ocean Republic of Vanuatu.
Develop disease-free livestock production chains and areas

Develop disease-free livestock production chains and areas

On the morning of May 11, the Ministry of Agriculture and Rural Development coordinated with the People's Committee of Tay Ninh province to organize a "Conference to develop safety and desease-free livestock husbandry chains and areas" in Tay Ninh province, the Conference was co-chaired by the leader of the Ministry of Agriculture and Rural Development and the leader of the Provincial People's Committee of Tay Ninh.
Firms urged to pay attention to legal risks in international trade in volatile world

Firms urged to pay attention to legal risks in international trade in volatile world

HÀ NỘI — While enterprises are seeking to diversify markets to cope with drops in orders, experts urge attention to be attached to legal risks which might arise from doing international trade in a volatile world.
Agro-forestry-aquatic product exports reach 15.66 billion USD in four months

Agro-forestry-aquatic product exports reach 15.66 billion USD in four months

Vietnam earned some 15.66 billion USD from agro-forestry-aquatic product exports in the first four months of 2023, down 13.3% year-on-year, according to the Ministry of Agriculture and Rural Development.
Positive signs for Vietnam’s rice exports

Positive signs for Vietnam’s rice exports

(VEN) - According to the Ministry of Industry and Trade (MoIT), Vietnam’s rice exports are showing positive indications and expected to reach about seven million tonnes in volume and US$4 billion in value this year.
AgroChemEx Vietnam 2023 exhibition opens in HCMC

AgroChemEx Vietnam 2023 exhibition opens in HCMC

The 4th international exhibition and conference specialized in fertilizers, pesticides and agrochemicals is taking place in Ho Chi Minh City (HCMC), from April 25-26, 2023.
View more
Latest Most Read
•	Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award

Millions of travelers from around the world have voted Premier Village Danang Resort - a masterpiece by Sun Group on the shores of the East Sea - as one of the top 10 family-friendly hotels in Asia 2023 on Tripadvisor.
BCI Central celebrates the best in Vietnam architecture, building and design industry

BCI Central celebrates the best in Vietnam architecture, building and design industry

The highly anticipated annual BCI Asia Awards ceremony took place in Ho Chi Minh City. During this prestigious event, Vietnam's 10 most-active architecture firms and property developers were honoured with the esteemed BCI Top 10 Awards.
Vietnam urges more investment of AES in energy sector

Vietnam urges more investment of AES in energy sector

(VEN) - Detroit, USA - On the morning of May 26, on the sidelines of the 29th APEC Ministers Responsible for Trade Meeting (MRT 29) and the Indo-Pacific Economic Framework (IPEF) ministerial meeting in Detroit, Vietnamese Minister of Industry and Trade Nguyen Hong Dien had a meeting with Bernerd De Santos, Executive Vice President and CEO of AES Corporation.
PM urges stronger wildfire prevention measures amid strong heatwaves

PM urges stronger wildfire prevention measures amid strong heatwaves

Prime Minister Phạm Minh Chính has urged stepping up wildfire prevention measures as heatwaves are scorching many localities nationwide, increasing the risk of wildfires.
Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History

A unique collection of Bát Tràng pottery artefacts dating from the 14th to the 20th century are being introduced to the public at the Việt Nam National Museum of History.
bat trang ancient pottery exhibited at viet nam national museum of history

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History

A unique collection of Bát Tràng pottery artefacts dating from the 14th to the 20th century are being introduced to the public at the Việt Nam National Museum of History.
domestic audiences experience european cinema at film festival

Domestic audiences experience European cinema at film festival

They include multiple award-winning entries set across a range of spatial-temporal contexts.
creative and funny guide book for expats to explore ha noi

Creative and funny guide book for expats to explore Hà Nội

Containing hundreds of hilarious comic drawings and jokes about Hanoian culture, people, destinations, food and drinks, The Hanoi Digest is a new kind of guidebook. It blends specialist local knowledge with humour and interesting facts on every page.
exhibition introduces president ho chi minhs signatures autographs

Exhibition introduces President Hồ Chí Minh’s signatures, autographs

A collection of signatures and autographs of late President Hồ Chí Minh in the 1945-1969 period is being displayed at the Presidential Palace in Hà Nội on the occasion of the late leader’s 133rd birthday (May 19, 1890-2023).
national programme on cultural development approved

National programme on cultural development approved

The National Master Programme on Development of Vietnamese Culture in the 2023-2025 period has been approved under a decision recently signed by Deputy Prime Minister Trần Hồng Hà.
Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

Deputy PM urges acceleration of electricity licensing for finished wind, solar power projects

Deputy Prime Minister Tran Hong Ha has requested the Ministry of Industry and Trade to accelerate the process of issuing electricity licenses for wind and solar power projects that have been completed but have not yet been put into operation.
Specific mechanisms, policies needed to drive HCM City’s growth

Specific mechanisms, policies needed to drive HCM City’s growth

Ho Chi Minh City needs to be supported by specific mechanisms and policies that are strong enough to remove bottlenecks faced by the city and enable it to create breakthrough developments, experts said.
PM approves National Power Development Plan VIII

PM approves National Power Development Plan VIII

Prime Minister Phạm Minh Chính has approved the National Power Development Plan VIII, which guides the development of power plants and power grids between 2021 and 2030.
Chip-based passports can be provided online, sent via post

Chip-based passports can be provided online, sent via post

The Government’s National Public Service Portal has by now integrated services to facilitate people in issuing new and exchanging chip-based passports, and receiving them via post.
Fertiliser businesses see profit drop on ailing selling prices and rising costs

Fertiliser businesses see profit drop on ailing selling prices and rising costs

Falling selling prices and rising costs have caused the profits of most fertiliser businesses to plunge, after recording high profits in the previous few years.
Ten-year milestone of outstanding rural industrial product program

Ten-year milestone of outstanding rural industrial product program

(VEN) - For 10 years of implementation (2012-2022), the outstanding rural industrial product program has become familiar to insiders as a playground to honor unique rural industrial products with high quality and economic values.
Dong Nai Province speeds up industrial development

Dong Nai Province speeds up industrial development

(VEN) - Industry promotion is expected to significantly help the southeastern province of Dong Nai reach an estimated rural industrial production value of VND77.359 trillion in 2023, a 5.4 percent increase against 2022.
New technology helps utility, industrial operators overcome power network challenges

New technology helps utility, industrial operators overcome power network challenges

ABB in Vietnam is now launching ABB AbilityTM Smart Substation Control and Protection for electrical systems SSC600, an innovative, centralized approach to protection and control in distribution networks.
Binh Phuoc’s potential introduced to Australian partners

Binh Phuoc’s potential introduced to Australian partners

A seminar was held in Sydney on May 24 to introduce and popularise new investment opportunities in Binh Phuoc, a southern Vietnamese province of great potential, on the occasion of the 50th anniversary of Vietnam-Australia diplomatic ties.
Da Nang calls for investment in 10 logistics centre projects

Da Nang calls for investment in 10 logistics centre projects

The People's Committee of central Da Nang City has announced a list of logistics projects calling for investment in the period until 2030.
Vietnam becomes global production centre thanks to boom of foreign investment

Vietnam becomes global production centre thanks to boom of foreign investment

Despite impacts caused by the COVID-19 pandemic, foreign direct investment (FDI) is still being poured into Vietnam, contributing importantly to turning the country into a new production hub of the world.
Hanoi accelerates public investment disbursement

Hanoi accelerates public investment disbursement

(VEN) - Hanoi has 238 ongoing public investment projects, with key works of the 2021-2025 period maintaining their set schedules.
Central bank continues to reduce policy interest rates

Central bank continues to reduce policy interest rates

The State Bank of Vietnam (SBV) has announced two decisions to further reduce policy interest rates, which will become effective from May 25, 2023.
Nearly 2.3 billion USD in state capital saved in 2022: Gov

Nearly 2.3 billion USD in state capital saved in 2022: Gov't report

Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.
Central bank eases credit crunch, boosts growth

Central bank eases credit crunch, boosts growth

(VEN) - The banking sector has adopted a series of mechanisms and policies in recent months to help businesses and customers restructure debt repayment and shore up the local bond market.
Bank lending interest rates will be cut at appropriate time: SBV chief

Bank lending interest rates will be cut at appropriate time: SBV chief

Reducing interest rates, maintaining interest subsidies, hiking credit limits, and providing unsecured loans to manufacturing businesses are among the demands made by businesses in the south-eastern region to the State Bank of Vietnam (SBV).
PM urges stronger wildfire prevention measures amid strong heatwaves

PM urges stronger wildfire prevention measures amid strong heatwaves

Prime Minister Phạm Minh Chính has urged stepping up wildfire prevention measures as heatwaves are scorching many localities nationwide, increasing the risk of wildfires.
Vietnam targets development of green, plastic waste-free tourism

Vietnam targets development of green, plastic waste-free tourism

Vietnam is considered one of the largest contributors to marine plastic pollution globally, with the volume of plastic waste discharged into the sea ranging from 0.28 to 0.73 million tonnes a year, of which a big part comes from tourism activities.
Đồng Nai afforestation programme kicks off

Đồng Nai afforestation programme kicks off

NGO Gaia Nature Conservation Center on Monday kicked off its annual afforestation programme at the Đồng Nai Culture and Nature Reserve to mark International Day for Biological Diversity.
New task force promotes innovation and financing for plastic waste reduction

New task force promotes innovation and financing for plastic waste reduction

The Việt Nam National Plastic Action Partnership (NPAP) has launched a new task force to promote innovation and catalyse investment in effective solutions for reducing plastic waste and pollution in Việt Nam.
Hanoi hosts Vietnam - Asia DX Summit 2023

Hanoi hosts Vietnam - Asia DX Summit 2023

Deputy Prime Minister Tran Hong Ha chaired the opening session of the Vietnam - Asia DX Summit 2023 themed “Driving economic growth enabled by digital data mining and smart connectivity” in Hanoi on May 24.
Hanoi Transerco applies technology to improve public bus services

Hanoi Transerco applies technology to improve public bus services

The application of technologies in managing and operation activities has been among prioritised solutions that the Hanoi Transportation Corporation (Transerco) has rolled out to improve the quality of its public bus services over the past years.
Hanoi aims to be national hub of technology transfer, development

Hanoi aims to be national hub of technology transfer, development

Hanoi stands ready to coordinate with the Ministry of Science and Technology to pilot policies on innovation and science and technology development, thus turning the capital city into a hub of science, technology and innovation in the country, Vice Secretary of the municipal Party Committee Nguyen Van Phong has stated.
Vietnamese students win prizes at int’l science and engineering fair

Vietnamese students win prizes at int’l science and engineering fair

A project of Vietnamese students won a third prize at the 2023 Regeneron International Science and Engineering Fair (Regeneron ISEF 2023) Grand Awards, making Vietnam one of 33 countries and territories to be honoured at the competition.
New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners

New Zealand provides 40 full micro-credentials scholarships for Vietnamese learners

Following the success of the Micro-credentials Scholarship program in 2022, Education New Zealand (ENZ) announced 40 full scholarships exclusively for Vietnamese learners in 2023, with a total value of more than half a billion dong.
Mong Cai city imports electricity from China’s Dongxing

Mong Cai city imports electricity from China’s Dongxing

The Mong Cai (Vietnam) - Dongxing (China) 110kV transmission line was completed and put into operation at 6 am on May 22, adding power supply to Mong Cai city in the northeastern province of Quang Ninh, according to the Mong Cai City Electricity.
Seminar discusses orientations for rapid and sustainable national development

Seminar discusses orientations for rapid and sustainable national development

Participants at a seminar in Hanoi on May 16 discussed three pillars of the nation’s rapid and sustainable development.
M&A to pick up in property market

M&A to pick up in property market

HÀ NỘI — Domestic property developers are looking to sell assets and shares to deal with debts, restructure, maintain cash flow and keep operations going, according to industry experts.
•	Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers

• Tripadvisor highlights the sole hotel in Da Nang in the prestigious Travelers' Choice Best of the Best award

Millions of travelers from around the world have voted Premier Village Danang Resort - a masterpiece by Sun Group on the shores of the East Sea - as one of the top 10 family-friendly hotels in Asia 2023 on Tripadvisor.
Pfizer Vietnam, VNVC sign MoU to protect public health

Pfizer Vietnam, VNVC sign MoU to protect public health

Pfizer (Vietnam) Limited Company and Vietnam Vaccine Joint Stock Company (VNVC) on Wednesday (May 24) signed a memorandum of understanding (MoU) to partner on protecting public health by increasing the rate of proactive prevention of dangerous infections in the period of 2023-25.
Vietjet offers 50% discount on SkyBoss Business tickets

Vietjet offers 50% discount on SkyBoss Business tickets

These discounted tickets (excluding taxes and fees) are available at www.vietjetair.com and Vietjet Air mobile app from now until June 30, 2023.
Positioning Vietnam’s Green National Brand

Positioning Vietnam’s Green National Brand

(VEN) - The panel discussion of “Positioning Vietnam’s Green National Brand” held in the framework of the Vietnam National Brand Week and the Vietnam Branding Forum 2023 drew a lot of discussion among speakers.
Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History

Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History

A unique collection of Bát Tràng pottery artefacts dating from the 14th to the 20th century are being introduced to the public at the Việt Nam National Museum of History.
Vietnam’s broken rice among top 100 most delicious rice dishes in the world

Vietnam’s broken rice among top 100 most delicious rice dishes in the world

(VEN) - International food magazine TasteAtlas recently ranked Com Tam, Vietnamese broken rice, in the 4th position in the top 100 most delicious rice dishes throughout the world.
Domestic audiences experience European cinema at film festival

Domestic audiences experience European cinema at film festival

They include multiple award-winning entries set across a range of spatial-temporal contexts.
Creative and funny guide book for expats to explore Hà Nội

Creative and funny guide book for expats to explore Hà Nội

Containing hundreds of hilarious comic drawings and jokes about Hanoian culture, people, destinations, food and drinks, The Hanoi Digest is a new kind of guidebook. It blends specialist local knowledge with humour and interesting facts on every page.
Da Nang - A destination with the most beautiful mountainous scenery in Asia

Da Nang - A destination with the most beautiful mountainous scenery in Asia

(VEN) - Recently, the Microsoft Travel news site has listed the central coastal city of Da Nang among the nine places with the best scenic mountain views in Asia.
Strategic investors’ engagement helps promote Việt Nam’s tourism growth

Strategic investors’ engagement helps promote Việt Nam’s tourism growth

The investment of domestic and foreign investors in tourism infrastructure, especially resort real estates, poor rural areas have been turned into enchanted destinations for tourists, making Việt Nam more attractive to investors.
Various activities at Nha Trang - Khanh Hoa Sea Festival 2023

Various activities at Nha Trang - Khanh Hoa Sea Festival 2023

(VEN) - Nha Trang - Khanh Hoa Sea Festival 2023 will take place from June 3 to 6, 2023, with diverse and interesting activities, which include the opening ceremony, an art-fashion show, a music show and the closing ceremony.
Hidden gem in Hà Giang faces challenges in tourism development

Hidden gem in Hà Giang faces challenges in tourism development

Yên Minh, one of the four mountainous districts in the northern province of Hà Giang, possesses beautiful natural landscapes along with rich and unique cultural heritage treasures. In the district, there are 16 ethnic groups living together, each with its own cultural identity.
Mobile Version