Vietnamese products trying to make inroads into Russian market
VOV.VN - There remains plenty of room for Vietnamese commodities such as products such as farm produce, food, apparel and footwear to enter the Russian market as Russia is seeking to promote cooperation with friendly countries, including Vietnam, according to the Vietnam Chamber of Commerce and Industry.
However, Vietnamese exports to this market have experienced a downward trend in recent times, especially in the categories of computers, electronic products, mobile phones, garments and textiles, footwear, machinery, equipment, tools and spare parts, according to Duong Hoang Minh, Vietnamese Trade Counselor in Russia.
Minh therefore proposed that the Ministry of Industry and Trade and relevant agencies convene an intergovernmental meeting in an attempt to remove hurdles in terms of payment methods and transportation of goods in order to boost trade exchanges between the two sides.
The trade official pointed out that Russian supermarkets and businesses are keen to promote trade and investment ties with Vietnam, and that the number of Russian companies attending trade fairs and exhibitions and seeking business opportunities in Vietnam has increased significantly recently.
Amid unpredictable developments relating to the Russia-Ukraine conflict, local businesses are advised to closely monitor the market situation to ensure they can take proper response measures in a timely manner, and at the same time gain greater insights into partners before signing a contract.
Management agencies have been encouraged to support localities, craft associations, and businesses to attend exhibitions in Russia this year to further promote exports to the Russian market.
At present, the Vietnam Trade Promotion Agency and the European - American Market Department has co-ordinated to connect Vietnamese businesses with Leroy Merlin East Company in order to introduce their goods to the Leroy Merlin retail supermarket chain in Russia.
This is a great opportunity for Vietnamese small and medium-sized enterprises specializing in manufacturing mechanical, electrical, electronic, consumer, furniture, exterior, and construction materials to make further inroads into the market in the time ahead, Minh noted.
