Nghe An enterprises meet with Vietnamese Trade Counselor in Saudi Arabia
(Baonghean.vn) - In order to support businesses in promoting the search for partners, expanding markets, and connecting trade with the Saudi Arabian market, on the afternoon of December 13, the Department of Industry and Trade organized an online conference to meet the Vietnamese Trade Counselor in Saudi Arabia with Nghe An import-export enterprises.
Attending the event were Mr. Tran Trong Kim - First Secretary, in charge of the Vietnam Trade Office in Saudi Arabia; Leaders of the Department of Industry and Trade, representatives of VCCI, business associations and representatives of import and export enterprises in the province at Nghe An bridge.
Saudi Arabia is an important partner of Vietnam in the Middle East. After 20 years of establishing diplomatic relations, the cooperation between Vietnam and Saudi Arabia has been constantly promoted and expanded in all economic, social and cultural fields. However, the cooperation between the two countries in general, especially with Nghe An province, is still very modest, not commensurate with its potential.
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Deputy Director of the Department of Industry and Trade - Cao Minh Tu spoke at the online conference. Photo: Thu Huyen |
According to statistics, the total two-way import and export turnover in 2022 between Nghe An and Saudi Arabia is estimated to reach 2.3 million USD, equivalent to the turnover in 2021. Of which, the export turnover only reached 1.93 million USD, accounting for a very modest proportion of the province's total export turnover.
Up to now, in Nghe An province, there have been more than 12 enterprises participating in export activities and 3 enterprises participating in import activities with the Saudi Arabian market with main product groups, including: Paving stones, plastic additives, all kinds of shoes, rice, tea,...
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| Mr. Tran Trong Kim - First Secretary, in charge of the Vietnam Trade Office in Saudi Arabia. Photo: Thu Huyen |
The current demand for connection with Saudi Arabia focuses on the province's strengths such as: agricultural and aquatic products, various types of stones, plastic beads, construction materials, electronic components and equipment, etc.
At the online conference, Mr. Tran Trong Kim - First Secretary, in charge of the Vietnam Trade Office in Saudi Arabia shared some of the current difficulties of enterprises when exporting to the Saudi Arabian market. Mr. Kim said that many enterprises in Nghe An province still do not fully understand the conditions and standards of goods exported to the Saudi Arabian market. Finding partners is difficult because transaction costs must go through intermediaries, so businesses spend more time and money.
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Delegates attending at Nghe An bridge point. Photo: Thu Huyen |
The Saudi Arabian market has very strict requirements for product quality. Food safety and hygiene conditions for Saudi Arabian agricultural products are very high, while the quality of our country's agricultural products is not high.
In the coming time, with the aim of promoting trade activities between Nghe An province and Saudi Arabia and neighboring markets, the leaders of the Department of Industry and Trade and businesses hope that the Vietnam Trade Office in Saudi Arabia will support in providing and exchanging information with Nghe An province about culture, investment situation, and trade market in Saudi Arabia.
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Company representatives spoke, hoping that the Saudi Arabian Counselor would support the export market. Photo: Thu Huyen |
Support provincial enterprises to connect with entrepreneurs in Saudi Arabia to promote cooperation in areas where the province has potential and advantages: Agriculture and aquatic products, textiles, processed foods, fish sauce, honey, rattan and bamboo products, turmeric starch, cassava flour,...
Support the province in connecting and organizing export promotion activities in the Saudi Arabian regional market.
