French market

Opportunities await Vietnamese exporters on the French market: seminar | Company

Nguyen Tuan, deputy director of HCM City’s Trade and Investment Promotion Center, speaks at the June 15 seminar. (Photo: VNA)

City of HCM (VNA) – Vietnamese companies can find opportunities to export many commodities, from consumer goods to fish, agricultural and food products, to France, heard a seminar on post-pandemic chances of accessing the French market June 15.

Nguyen Tuan, deputy director of the Ho Chi Minh City Trade and Investment Promotion Center, said France is currently Vietnam’s fifth-largest European trading partner, which has continuously recorded a trade surplus with this market in recent years. – more than a billion dollars in recent years. 2013 – 2027 and continues to increase now.

Vietnam exports a wide range of products to France, and the EU-Vietnam Free Trade Agreement (EVFTA), which took effect in August 2020, created even more opportunities for shipments to France – one of the largest markets in the EU.

Although the COVID-19 pandemic had negative impacts on global trade in 2021, bilateral trade still grew, he noted.

Last year, Vietnam shipped about $3.2 billion worth of goods to France. The figure was $1.1 billion in the first four months of 2022, up 10.3% year on year.

Meanwhile, France’s exports to Vietnam amounted to around $1.6 billion in 2021, up 5.3%, and amounted to $450 million between January and April this year. , down 16%, according to Vietnam’s General Customs Department.

Nguyen Hai Nam, President of the Association of Vietnamese Entrepreneurs in France, pointed out that since socio-economic and demographic changes have affected the trend of agricultural and food consumption in the European country, Vietnamese companies can find export opportunities for fish, fruit, confectionery, and grain products.

He also pointed to the prospect of greater market share for key exports such as clothing, footwear, rice, coffee, pepper and fish products, the demand for which is increasing in
France.

Besides essential goods, France also has a strong demand for high-end products for high earners and tourists. This segment can generate considerable profits for Vietnamese exporters, Nam noted, adding that organic products from agriculture and fisheries will also have a better chance of increasing their presence there.

Source of Asia’s Van Thanh Tra advised companies to review their capacity before entering new markets like France in the post-pandemic period, connect with knowledgeable partners in these markets, and familiar with the business culture in France.

Some companies experienced in trade with France recommend that companies maintain cooperative relations with the French side to ensure long-lasting cooperation./.