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Chilean exporters eye Vietnam as potential market
Vietnam is still a promising market for Chilean exporters despite the spreading impacts of the current global financial crisis, reported Chile’s Trade Commision (ProChile).
Vietnam will be less affected by the international financial “storm” than other countries, ProChile said, as the country has yet fully integrated into the world economy.
According to the Chilean export-promotion agency, Vietnam has become one of the top ten important tourist destinations in the world. At the moment, the country is accelerating foreign investment attraction and exports, and diversify its market more than ever.
ProChile asserted that with the robust growth in tourism and domestic consumption, Vietnam will have to continue importing wine in 2009. Last year, Vietnam wine import from Chile was four fold larger than the previous year.
Vietnam imports 20 million USD worth of fish paste, 7 million USD of fish oil every year for livestock feeding. Besides, it plans to increase imports of pine timber from the Chile to serve the domestic furniture export industry.
Vietnam will also have greater demands for fresh fruits, like grapes and apples and salmons from Chile, the exports promoter predicted. It also said that Vietnam will remain an important exporters of processed seafood and wooden products.
Chilean investors eye Vietnam’s demand for infrastructure development as an opportunity to boost copper exports to the Southeast Asian country, which are worth 50 million USD.
Last year, Vietnam’s exports to Chile reached more than 55 million USD and imports over 107 million USD of goods.
vna
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