(VOV) -Vietnamese goods, buoyed by growth in consumer demand, are facing plenty of export opportunity in the German market.
Seizing these opportunities requires a business focus on ensuring their products can meet German consumers’ strict quality and hygiene standards.
Germany is Vietnam’s largest European Union trade partner. Two-way trade turnover hit US$3.695 billion in the first half of 2013, up 29.51 percent on the same period last year.
The volume of Vietnamese goods exported to Germany was estimated at US$2.352 billion, accounting for 18 percent of total export earnings from the EU and most of them went up in value.
Electronic devices and associated parts achieved the highest growth rate of more than 130 percent, followed by paper (up 85.32 percent).
Telephones and spare parts also increased by 80.9 percent to US$873.49 million, accounting for 37.13 percent of Vietnam’s total export earnings from Germany.
Of the figure garments came second with US$279.44 million (11.88 percent). Other notable earners include coffee (US$223.71 million), footwear (US$197.51 million), and computers and electronic devices (US$131.82 million).
Vietnam's imports from Germany include vehicles, machinery, and industrial equipment while its exports to the country remain at a modest level in the context of growing trade exchange between the two countries.
Vietnam’s Trade Office in Germany says export businesses need to study German tax policy, customs procedures, and regulations as well as German business culture.
Products exported to Germany have to meet general EU requirements for the use of recyclable and environmentally friendly materials in packaging and labeling
Packaging is a decisive factor behind export promotion at trade fairs in Germany.
Đăng ký: VietNam News
