reap_new-logo
About Us  I    Send Feedback  I    FAQs  I    Contact Us
Follow Us:  social-media-icons
Facebook Twitter
 
HomeAbout ReapAbout PakistanAbout RiceNews & EventsPhoto GalleryUseful LinksDownloads
announcement
WELCOME TO OFFICIAL WEBSITE OF RICE EXPORTERS ASSOCIATION OF PAKISTAN
flag text
Facebook Twitter

  About Reap
  Chairman's Message
  About Pakistan
  Managing Committee
  Chairman Archive
  Reap Members
  Reap's Secretariat
  About Rice
  Reap at a Glance
  News & Events
  Photo Gallery
  Useful Links
  Downloads
  Send Feedback
  Contact us
Home > News Updates > News Headlines
News Headlines

VIETNAM LOOKS TO INCREASE EXPORTS TO THE MIDDLE EAST
8/29/2017

VIETNAM PLUS (29/08/20017)

VIETNAM LOOKS TO INCREASE EXPORTS TO THE MIDDLE EAST

Hanoi (VNA) – A conference on Vietnam-Middle East business cooperation was held in Hanoi on August 28, drawing more than 40 leading Vietnamese export firms.

Addressing the event, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that the Middle East is a huge market and a gateway to the European market.

Vietnam eyes high hope for exporting many agricultural products, including rice, tea, coffee, peppercorn, rubber, cashew, fruit, aquaculture products, to the 400-million market of Middle East with 16 countries.

However, Cuong pointed out that trade revenue between the two countries remains low due to difficulties in payment as the two sides mostly pay via intermediary banks in Dubai, China and Singapore or some European countries with high cost.

Vo Quang Huy, Director of Huy Long An company, said that the Middle East is a promising market for Vietnamese bananas. He asked for more effective measures to support exporters in payment as well as building standards for goods exported to the market.

Le Thanh, head of the Organic Agriculture Institute, asserted that vegetable export growth to the Middle East is high at 24 percent, which shows that this is a promising land for Vietnamese firms.

However, logistics and payment have hindered Vietnam’s exports, he said, suggesting cooperation among firms.

Meanwhile, Tran Van Tri, Chairman of the Vietnam-Iran Business Council, proposed that the Government should speed up banking cooperation to facilitate payment between the two countries, along with preferential policies in tax.

Saleh Adibi, Iranian Ambassador in Vietnam, said that the major obstacle hindering bilateral cooperation is banking. He suggested that Vietnamese firms can use Iran’s banks as Iran is linking with many banks around the world.

He said he hopes Vietnam and Iran will soon sign a preferential trade agreement.

Statistics from the Ministry of Industry and Trade show that trade between Vietnam and Middle East countries reached 10.887 billion USD, a rise of over 100 percent from 2011. Vietnam exported 8,059 billion USD worth of goods to and imported 2.82 billion USD worth of goods from the market.-VNA

HOME
ABOUT REAP
ABOUT PAKISTAN
USEFUL LINKS
OTHER LINKS
MEDIA
 
Ministry of Commerce
Trade Development Authority of Pakistan
Ministry of Foreign Affairs
Official Gateway of Pakistan
Ministry of Finance
Federal Board of Revenue
Security & Exchange Commission of Pakistan
News & Events
  Photo Gallery
  Video Gallery
  Weather
    RSS Feeds
     
       
Copyright 2015 © reap.com.pk - All rights reserved - Developed by: EDCP