Binh Thuan’s exporters beef up to participate in foreign distribution systems

11/03/2016, 15:43

BTO- Binh Thuan now has totally 40 companies directly exporting goods to foreign countries, but only 9 of which gained an export turnover of more than USD 10 million in 2015. Among the remainders, 6 exporters earned a modest revenue of USD 5-10 million while 24 others realized less than USD 5 million last year. The majority of exporters in Binh Thuan are small-scale businesses with a total export earnings of USD 330 million in 2015. Of which, a number of key exporters have shared a domination in export turnover, as follows:  Binh Thuan-Nha Be Garment JSC (USD 83.32 million), Phu Long Garment Co., Ltd & Phu Long 2 Garment Co., Ltd (USD 44.45 million), Thong Thuan Co., Ltd (USD 29.14 million), Right Rich International Co., Ltd (USD 29 million).

Garment products made in Binh Thuan are heading towards directing participating in foreign distribution networks

The current situation has urged Binh Thuan’s exportation sector to seek for direct participation in foreign distribution systems. For short- term strategy, local export industry basically relies on garment, footwear and seafood manufacturers. At the same time, Binh Thuan authorities is expected to create good conditions to attract foreign investors, giving priorities to production of advantaged export products. Foreign-invested enterprises are enouraged to cooprerate with local businesses in taking local products to global distribution channels.

To implementing the Government’s plan to help Vietnamese businesses directly participate in foreign distribution networks through 2020 at provincial level, Binh Thuan authorities will work hard to provide an overall information and data of the province’s enterprises and export products for foreign partners. In addition, Binh Thuan must also intensify the dissemination on high-quality production in line with international standards, ensuring “products made in Binh Thuan” always meet the requirements of foreign distribution systems. Trade promotion programmes will be implemented with practical content to help local exporters enhance their competitiveness and successfully penetrate into product distribution networks in foreign countries.

Phuong Lan (Source: Binh Thuan Newspaper)


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Binh Thuan’s exporters beef up to participate in foreign distribution systems