HA NOI (VNS)— Viet Nam exported US$147.71 million worth of goods to New Zealand over the first 10 months of this year, a 21 per cent year-on-year increase, according to statistics from the General Department of Customs.
Items with the highest export turnover included wood and wooden-made products ($14.6 million), footwear ($13.8 million), cashew nuts ($12.3 million), seafood ($10.4 million) and clothing ($6.1 million).
The bilateral relations between the two countries have firmly developed over recent years with Viet Nam experiencing an average export growth of 20 per cent, the department said.
The improvement in trade ties has been made over the last two years of implementing the ASEAN-Australia-New Zealand Free Trade Agreement, said Chu Thang Trung, deputy director of the Asia-Pacific Market Department under the Ministry of Industry and Trade.
Trung said Vietnamese enterprises had many opportunities to export to New Zealand as the market has recovered quite well from the global economic slowdown. The trade pact opened up further opportunities for Vietnamese firms to export traditional as well as new products to the market, he said.
In order to foster exports to New Zealand, he suggest local enterprises learn all they can about buyers in that market. Doing so would help them save money and negotiate better deals.
Exporters of farm produce, seafood and processed food should pay attention to regulations on quarantine, packaging and weight of products in their target countries, he said.
Vietnamese businesses should contact reputable distributors in New Zealand so that they could have their products supplied to supermarkets and other outlets to increase their market share and compete better with products made from China, he said.
Truong Thi Binh from Duc Thanh Wood Processing Co, which exports wooden products to New Zealand, recommended that enterprises concentrate more on market research and design to sharpen their competitive edge. — VNS