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Experts urge bigger push into Indonesian market
Indonesia's high demand for Vietnamese food, textiles and electronics products requires that local businesses pay more attention to the licensing regulations required by that country's market, according to a senior economic consultant based in Indonesia.
Speaking at a seminar yesterday in HCM City, Oliver Oehms said that Vietnamese exporters should learn more about Indonesia's export licensing and packaging requirements.
Before bringing products into Indonesia customs, exporters need an import license called Angka Pengenal Import (API) assigned by the Indonesian Ministry of Trade.
Oehms said that packaging should be rain-and rust-resistant because the country has a tropical climate.
However, some products such as food, ceramics, glass, textiles and soap could be imported in the original packaging only.
The original packaging must contain accurate information about the content, the type of product, brand, quantity and weight.
In addition, prescription drugs must have notes in the Indonesian language on the outer and inner packaging.
Oehms said that ASEAN integration would enhance exporters' prospects by creating regional supply chains.
He urged Vietnamese businesses to build partnerships with local distributors.
Nguyen Anh Ngoc, Deputy Director of HCM City Investment and Trade Promotion Centre, said Indonesia was a potential market for Vietnamese businesses with many of the same characteristics as the Vietnamese market.
Total bilateral trade between the two countries reached $13 billion in the 2001-2009 period, with an annual growth rate of 26 per cent.
Indonesia's major exports to Viet Nam include mineral fuels, oils, electrical supplies, electronic goods, rubber, paper, apparel, copper and wood.
Viet Nam's main export products to Indonesia are footwear, fish, coffee, tea, iron, steel, furniture, precious stones and metals.
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