400 Vietnamese enterprises seeking opportunities for export market expansion

The event, jointly organized by the Department of Industry and Trade of Ho Chi Minh City and the Department of Trade Promotion under the Ministry of Industry and Trade, commenced on May 8 under the auspices of the Ho Chi Minh City People's Committee.

Speaking at the fair, Mr. Nguyen Van Dung, Deputy Chairman of the Ho Chi Minh City People's Committee, emphasized the significant strides made by Vietnam's main export products, such as rice, coffee, seafood, textiles, and industrial goods, which have enhanced the country's competitiveness and added considerable value to its exports. He highlighted the pivotal role played by Ho Chi Minh City in the nation's overall export turnover, which reached a remarkable USD 6.6 billion USD by February 2024, marking a 16.6% increase year-over-year.

"This achievement reflects the concerted efforts of the business community and the support of government agencies in seizing every opportunity to showcase domestic products on the global stage," Deputy Chairman Dung remarked.

Looking ahead, Mr. Dung underscored 2024 as a pivotal year for advancing production and bolstering export activities in alignment with the five-year socio-economic development plan in the period of 2021-2025.

He emphasized the imperative for Ho Chi Minh City enterprises to prioritize innovation and investment in high-tech solutions to elevate the value of their export goods. Additionally, he stressed the importance of enhancing product quality and investing in research and technology development to facilitate market expansion, advocating for sustainable development through collaboration between enterprises and regulatory bodies.

To support enterprises in seizing market opportunities amidst the ongoing recovery phase, the Vietnamese Typical Export Products Fair 2024 is showcasing a range of key export items, including agricultural and fishery products, food and beverages, wood and crafts, textiles, rubber and plastics, electronics and mechanics, as well as services. Notable brands such as Vina T&T Group, Binh Tay Food JSC, Chinsu, Hoang Phat Fruit, Viet Timber, Satra, and MM Mega Market are among the exhibitors, with 450 booths representing 400 domestic enterprises.

However, alongside opportunities, enterprises must navigate various challenges during the export process, including cultural, religious, and ethnic considerations, as well as compliance with diverse regulations, including environmental standards, in target markets, emphasized Mr. Nguyen Van Dung.

Mr. Nguyen Nguyen Phuong, Deputy Director of the Ho Chi Minh City Department of Industry and Trade, revealed that five delegations comprising approximately 1,000 international traders from Europe, the United States, Russia, India, Thailand, and Korea are actively engaging with the fair to explore potential suppliers.Adding to the vibrancy of the event, Mr. Nguyen Ngoc Luan, CEO of Meet More Coffee, highlighted the successful engagement of enterprises with international buyers, with Meet More Coffee currently exporting to 10 global markets. Looking ahead, Mr. Luan expressed the company's aspirations to venture into new markets to expand its export channels.

Echoing similar sentiments, Mr. Nguyen Dinh Tung, General Director of Vina T&T, emphasized the company's commitment to showcasing high-quality Vietnamese agricultural products to international buyers and exploring opportunities in new markets.

The "Vietnam Typical Export Products Fair 20244" is being held from May 8 to 11 at the Saigon Exhibition and Convention Center (District 7), with an expected attendance of approximately 20,000 visitors and buyers.