14-12-2009
VNS
HCM CITY — The high import tax rate imposed by Cambodia has become a big challenge for Vietnamese goods seeking to enter the neighbouring market, delegates said at a meeting held in HCM City last week.
Organised by the Ministry of Industry and Trade, the meeting aimed to help local enterprises resolve difficulties they are facing in exporting goods to Cambodia.
With favourable transport conditions between the two countries, the Cambodian market, with a population of more than 15 million, was a promising market for Vietnamese products, the ministry said.
Aware of the huge potential, many Vietnamese companies in recent years have increased promotion programmes, expanded distribution networks and improved cargo transport services in Cambodia.
A number of Vietnamese businesses are co-operating with Cambodian partners to establish a retail sales network, storage and goods distribution chain.
But local firms said the current import duties between 25-40 per cent imposed by Cambodia made it difficult for them to compete with other products in the market.
Most local firms, therefore, were opting to sell their products at border gates, they said.
The trade ministry said it had sent the list of 32 essential items to the Cambodian Government to reconsider the import tariffs. Negotiations on the issue are expected to take place next year.
Nguyen Thi Hong, deputy chairwoman of the HCM City People’s Committee, said at the meeting that establishing Vietnamese trade centres in Cambodia is a must to increase the popularity of Vietnamese goods.
She asked the trade ministry to offer incentive policies including interest rate subsidies and capital support to enterprises who invest in building warehouses in border areas or establish trade centres in Cambodia. More than 100 Vietnamese enterprises are operating in Cambodia at present.
A trade fair promoting high-quality Vietnamese products last month in Cambodia’s Battambang Province gained positive results with all products sold out in two days, said Hong.
Local companies should follow up on this programme in the future, she added.
Viet Nam enjoys a trade surplus with its neighbour, exporting products such as electric wire and cable, fuel, fertiliser, food and foodstuff, electronic and cosmetic products.
The country earned US$1.43 billion from exports to Cambodia last year.
Organised by the Ministry of Industry and Trade, the meeting aimed to help local enterprises resolve difficulties they are facing in exporting goods to Cambodia.
With favourable transport conditions between the two countries, the Cambodian market, with a population of more than 15 million, was a promising market for Vietnamese products, the ministry said.
Aware of the huge potential, many Vietnamese companies in recent years have increased promotion programmes, expanded distribution networks and improved cargo transport services in Cambodia.
A number of Vietnamese businesses are co-operating with Cambodian partners to establish a retail sales network, storage and goods distribution chain.
But local firms said the current import duties between 25-40 per cent imposed by Cambodia made it difficult for them to compete with other products in the market.
Most local firms, therefore, were opting to sell their products at border gates, they said.
The trade ministry said it had sent the list of 32 essential items to the Cambodian Government to reconsider the import tariffs. Negotiations on the issue are expected to take place next year.
Nguyen Thi Hong, deputy chairwoman of the HCM City People’s Committee, said at the meeting that establishing Vietnamese trade centres in Cambodia is a must to increase the popularity of Vietnamese goods.
She asked the trade ministry to offer incentive policies including interest rate subsidies and capital support to enterprises who invest in building warehouses in border areas or establish trade centres in Cambodia. More than 100 Vietnamese enterprises are operating in Cambodia at present.
A trade fair promoting high-quality Vietnamese products last month in Cambodia’s Battambang Province gained positive results with all products sold out in two days, said Hong.
Local companies should follow up on this programme in the future, she added.
Viet Nam enjoys a trade surplus with its neighbour, exporting products such as electric wire and cable, fuel, fertiliser, food and foodstuff, electronic and cosmetic products.
The country earned US$1.43 billion from exports to Cambodia last year.
4 comments:
While Thai export GATE IS CLOSE TO CAMBODIA. Vietname in one swiff move have open FLOOD GATE TO CAMBODIA MARKETS as expected.
How can the local Cambodian industries compete? if they are selling stuffs to Cambodia it mean $$ is going to Vietname or Thailand.
Can the CPP Hun Sen Government look at boosting local Jobs for Cambodia and keeping the $$$ in Cambodia????
CPP A Dorky Hun Sen Government can do nothings they are handicap in dealing with national economy and international trading. despite listening to Thaksin to increase tax on VN goods, handicap ministry of A Dorky chaom Prasit and ministry of pocketing the national money A Dorky Mony Rath A Pen Simorn (Hun Sen clique) despite stealing money from the innocence people of Cambodia. look at their wealth look at their car look at their house look at their lawlessness look at their anarchy. Wewish them all die like a Chke Hok Lundy. God will let them all die or hang like a Dorky Hok Lundy.
Vietnamese got the gut to complaining about the high tax? Just look at Cambodia's trade deficit with Vietnamese now. As it is, they already flood their goods. How much more do the Vietnamese want to bring their goods in Cambodia?
Mee Yuon khang jerng! My name is Hun Sen.
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