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Middle East: A stable market for Vietnamese exports
Vietnamese exporters plan to step up trade promotions in the Middle East, which has remained economically stable, according to a trade official.
Earlier this year, Prime Minister Nguyen Tan Dung paid visits to a number of countries in the region, including the United Arab Emirates (UAE), Saudi Arabia and Kuwait.
Many Vietnamese companies who accompanied the Prime Minister signed export contracts with Middle Eastern partners.
Over the past few years, the turnover of two-way trade between Vietnam and the Middle East has increased significantly, hitting US$2.03 billion last year, of which Vietnamese exports make up US$1.27 billion, a year-on-year increase of 82 percent.
In the first quarter of this year, exports to the Middle East rose by 20 percent against the same period last year.
Vietnam’s key export items to the Middle East include rice, coffee, textiles and garments, computers and electronic components, footwear, seafood, rubber, coal, tea and wooden furniture.
Ngoc Ngan, a private company based in Tien Giang province, signed an agreement on Monday to export 100,000 tonnes of dried longan berries to Qatar this year.
It made the deal with Qatar’s Fasttrack Company in the capital Doha in the presence of the Vietnamese Ambassador.
The company’s director Nguyen Xuan Huy said that their longan fruit meets Global Good Agricultural Practice standards and is suitable for export.
The lowest price under the deal is US$2,000 a tonne, lower than exports to Europe.
Vietnamese longan is popular in the Middle East due to its quality and it keeps for 50 days after being picked.
Fasttrack will distribute the fruit to five other countries apart from Qatar, including the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain and Oman.
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