In order to support growth in agricultural production, there has been an increasing use of fertilisers in Vietnam. Vietnam imports almost 50 to 60 per cent of its fertilisers, making it one of the largest importers in the world. Vietnam exports seafood to foreign markets and has become one of the largest aquaculture producers in Southeast Asia and the world. Of which, fishing production reached over thousand tonnes, and aquaculture yield gained thousand tonnes, increasing by 5.
According to Decision No. A lack in advanced technology has greatly influenced the quality and value of exporting Vietnamese aquacultural products. Existing factories have low capacity and limited experience in the sector. Also, there was an increase in the number of shipments being rejected by importing countries due to antibiotic residues and other contaminants being detected during routine testing. There are opportunities for Australian firms to export processing equipment, technology, facilities as well as expertise in sustainable fishery management.
Major exporters of agricultural goods include low-cost countries such as China, India, Thailand as well as higher quality product suppliers such as Australia, New Zealand, France and the US. Certain imported products must be inspected before being cleared at customs stations, including:. The Customs Law provides a legal foundation for the operation of the customs sector and creates a favourable environment for import-export activities. Companies that import goods must submit a dossier of documents to the customs authorities.
Seeking an appropriate local importer or distributor as a partner is very crucial for Australian exporters to achieve success in their business in Vietnam. Obtaining valuable support from this local partner in relation to setting up the business and dealing with complicated import procedures will lead to easier market access.
Australian exporters should undertake thorough market research to identify potential buyers and reliable distributors, as financial information on companies is generally not available. It is important for Australian exporters to visit the market frequently in the initial entry phase to provide technical or marketing support to their clients or distributors.
Local companies usually have limited access to information on suppliers and rarely have budgets to visit Australia, so frequent visits are crucial towards building personal relationships with key decision makers. These will help to navigate potential problems such as late deliveries, quality issues or faulty documentation. Regular updates of policy changes are advised to help exporters adjust their marketing strategies accordingly and timely. The distribution value chain for industrial sales includes food processing companies and intermediary local traders or consignee importers and international trading firms.
Direct sales with frequent market visits are recommended for this market segment. For consumer goods, the distribution channel includes importers, wholesalers and distribution points such as supermarkets and food retail outlets.
The emergence of supermarkets and hypermarkets in major urban centers offers opportunities to Australian suppliers of consumer goods for direct sales. More container ports are planned to open and another project is ongoing to reduce traffic congestion in inner Ho Chi Minh City by relocating its eight port facilities to outlying areas by Most of the trucking companies are small and operate second-hand trucks that are subject to poor maintenance.
Vietnam Investment Review Vietnam News. Please note: This list of websites and resources is not definitive. Inclusion in this list does not imply endorsement by Austrade.
The information provided is a guide only. Accessed on May 25, Wikipedia, Hanoi. Accessed on May 25, Wikipedia, Purchasing power parity. Accessed on May 25, Wikipedia, Vietnam.
Accessed on May 25, That dollar amount reflects a Based on the average exchange rate for , the Vietnamese dong depreciated by The latest available country-specific data shows that From a continental perspective, In the foreseeable future, an estimated ,, units are expected to be sold by Although there was a recent decline in car sales, the government has introduced several new regulations to address the issue and boost production.
Despite an increasingly competitive auto market throughout the ASEAN region, Vietnam has stated that it intends to work aggressively to build up its own domestic auto industry. Among the key reasons for this goal is that the auto industry has the potential to create thousands of jobs for locals and create a strong system of supporting industries.
However, many experts believe that Vietnam has the potential to overtake Brazil due to its favorable climate conditions and lower cost production. Vietnam is quickly becoming a prime market for foreign investment in e-commerce activities. In , internet penetration in Vietnam reached The firm assists foreign investors throughout Asia from offices across the world , including in Hanoi and Ho Chi Minh City.
Readers may write to vietnam dezshira. An Introduction to Doing Business in Vietnam will provide readers with an overview of the fundamentals of investing and conducting business in Vietnam In this issue of Vietnam Briefing, we discuss the importance of location to investments and outline the factors that investors should consider when evaluating With its team of lawyers, tax experts, auditors and I have business interest with Vietnam, how do I get started please?
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