At the Conference to promote domestic production and consumption and expand export markets in 2023, on February 3, assessing the forecast of the regional and world situation in 2023, Ms. Le Hoang Oanh - Director of the Market Department Asia - Africa said that we are facing challenges from the world economic recession, strategic competition between major countries, trade protectionism, inflation, rising interest rates...

Solutions to boost exports to Asia - Africa markets
In 2022, the import-export turnover between Vietnam and the Asia-Africa region will achieve encouraging results at 500 billion USD, accounting for nearly 68% of Vietnam's total import-export turnover with the world, contributing important in the country's import-export performance.

To promote exports to the Asia-Africa market in 2023, the Ministry has focused on two main solutions. Firstly, to expand, we must first maintain existing exports. To do so, we must ensure the quality requirements of exported goods, ensure "green export", export according to market demand, not just export what we have.

Besides the quality of goods, another important factor is to ensure smooth export of goods: clear export procedures, convenient logistics, mastering and updating import policies of the host country. …

To maintain current exports, ensuring "inputs for export" also plays a key role. Especially the Chinese and Korean markets for textile materials; Raw materials for the seafood processing industry from South Asia and Southeast Asia; Mineral materials from some Oceania and African countries...

Input materials for production need to be diverse in markets, avoiding dependence on one or a few certain markets.

In addition, we are focusing on researching how Vietnam's export competitors, such as China, Thailand, and Malaysia, change in response to the policy of imposing carbon taxes on imports into the EU (CBAM) applies from October 2023. On that basis, it will report to the Government and provide information to Vietnamese businesses. This is also an important measure to support exports in addition to helping Vietnamese businesses access new regulations.

The second solution is to promote exports to some markets such as China, South Asia, Africa…

For the Chinese market: Orientation for 2023 and the following years is to expand the Yunnan market. Guangxi and Yunnan have the same population, about 50 million people, but the scale of Vietnam's trade with Yunnan in 2022 only accounts for 10.8% of the scale of Vietnam's trade with Guangxi (ie 3.2 billion USD). compared to nearly 30 billion USD). We have a good relationship with Guangxi. Now we focus on trade relations with Yunnan as a new national market.

Regarding the South Asian market, we continue to pay attention to the Indian market with large purchasing power and market demand (1.4 billion people). Every year, India imports about 560 billion USD. Vietnam exports to India 8 billion USD, accounting for only 1.4%. In parallel, the Bangladesh and Pakistan markets act as a springboard to promote exports to the Indian market.

In addition, focus on developing the African market. This is a very large market because it only accounts for 0.6% of Africa's 600 billion USD import market each year.

In Africa, the Department also pays special attention to the South African market. Relations with South Africa are not only about exports but also a source of input materials for domestic production.

Accordingly, after a long period of negotiations with South Africa on the Minerals MOU, the two sides have now completed it. The signed Mineral MOU will be an important legal basis for the import of mineral raw materials to serve domestic production.

Finally, continue to promote exports to markets that have signed FTAs, such as the Korean market, to reach the milestone of 100 billion USD by 2023 as set by senior leaders of the two countries.

Especially focusing on summarizing the experiences of countries taking advantage of FTAs to make necessary recommendations for Vietnamese businesses.

It is expected that when the FTA with Israel is signed this year, we will have an effective implementation plan and coordinate with units and agencies to launch FTA negotiations with the UAE to open up cooperation opportunities for the region. Middle East.

Minh Toan