VietNamNet Bridge - Vietnamese exporters have been warned that it will be more difficult to export products to the US as the US administration has increased local production protection and tightened control over imports.\ Exporters have been warned it would be more difficult to export products to the US According to the General Department of Customs (GDC), the US remained Vietnam’s biggest export market in the first four months of the year which consumed $13.8 billion worth of Vietnam’s exports, an increase of 11.4 percent over the same period last year. The big challenge for Vietnam is the strict regulations that export products have to observe. In addition to the federal law, each US state has different rules and regulations of its own. Meanwhile, Deputy Minister of Industry and Trade Do Thang Hai warned that the US tends to tighten imports by setting up new requirements on product quality, food hygiene and product traceability. RELATED NEWS … [Read more...] about The door for Vietnamese products to US market narrows
New products to the market
To export products to the US, Vietnamese businesses must understand laws
VietNamNet Bridge - A high number of consignments to the US have been refused this year because Vietnamese exporters were unaware of new regulations set by the US. Vietnam is one of the US’S 15 largest agricultural trade partners. In 2016, the exports of fish, shrimp and crab to the market alone brought $1.4 billion. However, it is becoming more and more difficult to export farm produce to the market because of new regulations in FSMA (Food Safety Modernization Act). Meanwhile, Vietnamese businesses lack information about the law. Recently, 679 exporters, mostly food companies, have lost export licenses to the US because they did not re-register with the agency as required, or they re-registered but didn’t follow the required current procedures. The Vietnamese commercial affairs division under the Vietnam Embassy in the US told Vietnamese food exporters to check business codes with FDA before shipping goods to the US. However, many enterprises did not know … [Read more...] about To export products to the US, Vietnamese businesses must understand laws
Vietnam exports more processed products to the US
The Ben Tre Import/Export JSC (Betrimex), for example, has been exporting coconuts to China for many years. However, Tran Van Duc, Betrimex’s general director, said the exports are unstable and the export value is low. In an effort to increase the value of Vietnam’s coconuts, Betrimex in 2015 decided to spend US$20 million to build a factory making coconut milk for export to the US and the EU, two promising markets. “We utilize UHT technology which allows us to better preserve the flavor of coconut and there is no need to use any preservative,” he said. Nguyen Lam Vien, general director of Vinamit, a dried fruit maker, said Vinamit has been targeting the US market for a long time as he realized that there were latent risks in the Chinese market. “We survey the US market every year, and attend trade fairs in the US. Vinamit’s products are sold in the US, mostly targeting Vietnamese consumers in the country,” Vien said, adding that selling … [Read more...] about Vietnam exports more processed products to the US
Vietnam exports more processed products to the U.S
VietNamNet Bridge - Vietnam is now exporting more high value products instead of raw materials to the U.S market. The Ben Tre Import/Export JSC (Betrimex), for example, has been exporting coconuts to China for many years. However, Tran Van Duc, Betrimex’s general director, said the exports are unstable and the export value is low. In an effort to increase the value of Vietnam’s coconuts, Betrimex in 2015 decided to spend $20 million to build a factory making coconut milk for export to the US and the EU, two promising markets. “We utilize UHT technology which allows us to better preserve the flavor of coconut and there is no need to use any preservative,” he said. Nguyen Lam Vien, general director of Vinamit, a dried fruit maker, said Vinamit has been targeting the US market for a long time as he realized that there were latent risks in the Chinese market. However, Vien said while the US is a vast market, it is very choosy and sets high requirements … [Read more...] about Vietnam exports more processed products to the U.S
New law to target market management
The National Assembly Standing Committee yesterday agreed to promulgate the Ordinance on Market Management after a final discussion of the bill. Nguyễn Văn Giàu, Chairman of the NA Committee on Economic Affairs. NA Chairman Nguyen Sinh Hung said he expected that the procedure for the promulgation would be finalised this month or before the NA and People’s Council elections start on May 22. He said the market management force must improve its performance to meet urgent needs for the country’s development. It should be a strong barrier that prevents trade fraud as well as counterfeit or harmful products from entering the market in order to ensure customers’ rights and safety, Hung said. The bill consists of eight chapters with 45 articles dealing with issues like the organisation and function of the market management force, policies for market watch officers and the mechanism for co-operation with other agencies. The promulgation of the … [Read more...] about New law to target market management