Great potential for Vietnamese goods to enter Africa and Middle East

Published 2023년 11월 24일

Tridge summary

The Ministry of Industry and Trade's Vietnam Trade Promotion Agency held an online workshop to discuss measures to boost exports to Africa and the Middle East. Middle East countries import 80% of their food and foodstuffs, worth $40 billion annually, while African countries also import goods with a similar value each year. The UAE is highlighted as a potential market for Vietnamese goods, especially agricultural products, as it is a regional and global transit center that allows for re-exporting to other Gulf Cooperation Council countries.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

ABO/NDO- An online workshop discussing measures to further promote the export of potential products to Africa and the Middle East was held by the Ministry of Industry and Trade (MoIT)’s Vietnam Trade Promotion Agency on November 23. Addressing the event, Nguyen Minh Phuong, head of the West Asia – Africa Office under the MoIT 's Department of Asia – Africa Markets noted that Middle East countries must import up to 80% of food and foodstuffs, equivalent to 40 billion USD each year , while African countries also import goods with similar value every year. Notably, the requirements for quality and product design of these markets are not too strict. Truong Xuan Trung, who is in charge of the Vietnam Trade Office in the United Arab Emirates (UAE), said all Vietnamese goods can be exported to this market if they meet standards, highlighting that the UAE is also a regional and global transit center, so there is potential to re-export goods from this market. According to Trung, Vietnam is ...
Source: Baoapbac

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