Central Highland and Central provinces have discussed their efforts to explore industry and trade opportunities in Africa and the Middle East at a seminar convened on October 4.
According to the Ministry of Industry and Trade’s Africa, West Asia, and South Asia Market Department, Africa and the Middle East are rich in potential for Vietnamese importers and exporters.
Current key provincial exports to these market include coffee, rubber and rubber products, timber, pepper, chemical products, plastics and plastic products, seafood, garments & textiles, ceramics, and farm produce.
Delegates used the event to express concerns regarding the African and Middle Eastern markets’ current instability and urged the relevant agencies to facilitate the market expansion ambitions of regional businesses.
Tran Quang Huy, the Africa, West Asia, and South Asia Market Department’s Deputy Director, said local export and import enterprises still encountered difficulties when doing business in Africa and Middle East. Some companies have curtailed or even suspended their operations.
Regional enterprises should pay attention to incentive policies and monitor emerging opportunities and challenges while ensuring they gather the most up to date information possible about their targeted markets.