Home Economy

Chile key market for Viet Nam

Feb 7th at 11:03
07-02-2014 11:03:41+07:00

Chile key market for Viet Nam

Chile is becoming an increasingly important market for Viet Nam, with exports to the South American country growing at a scorching 20 per cent per year since 2010.

Tran Dinh Van, Viet Nam's commercial counsellor in Chile, told Hai Quan (Customs) newspaper that last year exports were worth around US$250 million.

Vietnamese companies have lots of opportunities to tap that market since every year Chile imports consumer products worth $18 billion, according to Van.

Vietnamese goods are competitive there because Chile is not a fastidious importer like Japan or the EU.

Things are likely to look up even further with a free trade agreement between the two countries coming into effect in the new year, eliminating tariffs on Vietnamese products such as footwear, handicrafts, and wood furniture.

Chile could also be used as a gateway to enter other Latin American markets, thanks to agreements among them, Van said.

Besides, Chile had sunk a lot of money in supermarkets on its soil as well as in neighbouring countries, and these would play an important role in helping Vietnamese companies advertise their products in the region, he said.

vietnamnews

MOST READ

NEWS SAME CATEGORY

Retail sales rise 13% in January
ECONOMY Feb 7th at 10:58

Retail sales rise 13% in January

The nation's total revenue from retail sales and services topped VND273.49 trillion (US$13 billion) in January, a year-on-year rise of 13 per cent, the General...

High-class personnel demand on the rise
ECONOMY Feb 7th at 09:45

High-class personnel demand on the rise

The demand for high ranking staff in 2014 is believed to be extremely high in the consumer goods, pharmacy, consumer lending, retailing and chemicals production...

State will collect its dividends from SOEs
ECONOMY Feb 6th at 22:14

State will collect its dividends from SOEs

The government’s proposal to collect dividends from the shares it holds in state owned enterprises (SOEs) has got prompt approval from the National Assembly...

Quang Ngai policies popular among investors
ECONOMY Feb 6th at 20:06

Quang Ngai policies popular among investors

Thanks to its open policies and rich potential, the central province of Quang Ngai has become a popular destination for both domestic and foreign investors.

Dong Nai targets 14 per cent rise in industrial production value
ECONOMY Feb 6th at 20:05

Dong Nai targets 14 per cent rise in industrial production value

The southern province of Dong Nai is striving to raise its industrial production value to nearly VND574.5 trillion (US$27 billion) in 2014, up 13-14 per cent over...

Exports to the US leap 21.3 per cent: Customs Department
ECONOMY Feb 6th at 20:04

Exports to the US leap 21.3 per cent: Customs Department

Vietnamese exports to the United States last year surged 21.3 per cent against the previous year to reach a value of US$23.87 billion, according to the General...

Post-Tet food prices drop, belying expectations
ECONOMY Feb 6th at 20:03

Post-Tet food prices drop, belying expectations

Contrary to expectations, food prices have decreased considerably over the past few days despite the lunar New Year (Tet), according to a report by the Voice of...

VN's exports to Russia set to increase
ECONOMY Feb 6th at 19:59

VN's exports to Russia set to increase

Viet Nam is on the cusp of a sea of opportunities that will boost exports to Russia.

FDI down 22 per cent in January
ECONOMY Feb 6th at 19:58

FDI down 22 per cent in January

The country attracted US$397.1 million in foreign direct investment (FDI) during January 2014, down 22 per cent against the same period last year, the General...

Deficit higher as shipments plunge
ECONOMY Feb 6th at 19:53

Deficit higher as shipments plunge

The national trade deficit was US$100 million in January this year, equalling 1 per cent of the export turnover, reports the General Statistics Office (GSO).

Read More

MOST READ

Back To Top