Local firms have opportunity to promote products in Saudi Arabian market
VOV.VN - As a means of assisting Vietnamese enterprises to boost exports to the Saudi Arabian market amid the novel coronavirus (COVID-19) pandemic, the Vietnamese Embassy in Saudi Arabia has launched a range of incentivizes for local businesses to send samples and trial goods through the embassy.
Most notably, the Vietnamese Embassy will suggest that airlines transport these samples to the Middle Eastern country on future repatriation flights.
Based on a recent market survey, the embassy also discovered the there is great interest within the Saudi Arabian market for items such as ceramics, handicrafts, dried agricultural products, pepper, unroasted and instant coffee, food, canned fish, charcoal, and frankincense.
Furthermore, Saudi Arabia represents a significant market in the region and is one of the nation’s key partners throughout both the Middle East and Africa. Indeed, economic and trade co-operation between both sides has seen constant and positive developments, with the structure of imports and exports between the two countries being mutually complementary.
As a result, the total import-export turnover between the two countries has continued to see a rapid increase, reaching the highest figure of U$S1.87 billion in 2014. Last year alone saw two-way turnover hit US$1.6 billion, despite the negative impacted caused by the global outbreak of the COVID-19 pandemic.