July 14, 2023

VIETRADE’s supplier-connector event features insights from EuroCham FAABS Vice-Chair Paul-Antoine Croizé

In a recent event organized by the Vietnamese Trade Promotion Agency (VIETRADE), a panel discussion was held on July 12, aiming to foster connections between suppliers in southern Vietnam and distributors, exporting businesses, and trade promotion organizations. The series, which spanned from the north to the south, sought to promote local products and enhance Vietnam’s export capabilities in the global market. The participation of EuroCham’s Food, Agri, and Aqua Business Sector Committee (FAABS) Vice Chairman, Paul-Antoine Croizé, brought invaluable insights and key points for discussion.

 

  • Leveraging the EVFTA and Strengthening the Food, Agri and Aqua Business Sector:

During the panel discussion, Mr. Paul-Antoine Croizé emphasized the importance of utilizing the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) as a solid foundation for the food, agriculture, and aquaculture sectors. Key recommendations included increased collaboration between Vietnamese and European enterprises, product improvement, regulatory clarity for both locally consumed and exported products, traceability, and continued investment.

 

  • Enhancing Price Competition:

The panel discussion delved into strategies and approaches to ensure that Vietnamese products are priced competitively in both domestic and international markets. Mr. Croizé emphasized the importance of EVFTA as Vietnamese agricultural products would continuously become more competitively priced over time, thanks to tariff reduction. However, in order to further improve price competition, Mr. Paul-Antoine Croizé recommended minimizing cross-contamination in food exports, such as noodles and fruit juices, to meet European Union standards. He also highlighted the need to facilitate the importation of cost-effective solutions and remove unnecessary costly regulations. These measures are necessary for Vietnam’s agricultural industry to achieve higher competitiveness, meet international standards, and contribute to sustainable growth.

 

  • Boosting Visibility and Value:

Another key point raised during the event was the importance of enhancing visibility and value for Vietnamese products. To thrive in the European retail distribution system, Mr. Paul-Antoine Croizé emphasized the pivotal importance of winning over consumers. Currently, 80% of Vietnamese products imported into the EU lack branding and clear origin labels, which hampers consumer recognition and restricts value creation. To address the challenges of unbranded Vietnamese products lacking clear origin labels in the European market, two main solutions have been identified. The first solution involves investing in marketing storytelling and communication at the local level, with smaller businesses receiving support and investment from larger groups, businesses, or influencers. The second solution revolves around processing agricultural outputs to extract more value and mitigate disease risks. To fully capitalize on further processing, meeting international demand necessitates a focus on foreign development for research and development (R&D) and marketing. This approach calls for increased investment, and local businesses require support from authorities and private investors.

 

The panel discussion concluded a series of discussions held across Vietnam, facilitating collaboration between domestic producers and businesses. The participation of FAABS board members and European businesses provided a platform for sharing best practices and industry insights. This exchange of knowledge aimed to strengthen the capabilities of Vietnam’s food, agriculture, and aquaculture sectors, enabling them to tap into the global market with confidence.

 

Are you interested in Food, Agri, and Aqua Business Sector Committee (FAABS) advocacy initiatives? Want to join us? Contact FAABS Coordinator Mr. Nguyen Minh Dang Khoa via khoa.nguyen@eurochamvn.org or call +(84-28) 3827 2715 – Ext 117

 

 

More News

See all

June 14, 2024

[Work @ EuroCham – CROPLIFE VIETNAM] COMMUNICATIONS & STEWARDSHIP SPECIALIST

Read more

June 14, 2024

EuroCham’s Green Growth Sector Committee drives sustainability dialogue at “ESG: From Ideas to Action” workshop

Read more

June 14, 2024

EuroCham Vietnam and EU Chamber of Commerce in China shed light on China+1

Read more

June 14, 2024

EuroCham and HCMC leaders meet to drive green economy initiatives at GEFE 2024

Read more

June 14, 2024

EuroCham welcomes IMF Delegation to discuss Vietnam’s economic landscape

Read more

June 10, 2024

EuroCham attends Vietnam Sourcing Expo 2024

Read more

June 07, 2024

EuroCham Vietnam Executive Director participates in annual EBO Worldwide Network meeting in Brussels

Read more

June 07, 2024

EuroCham voices business community priorities at key economic meeting with the Ministry of Planning and Investment (MPI)

Read more

June 07, 2024

EuroCham advocates for robust personal data protection as Vietnam shapes Data Protection Law

Read more

May 31, 2024

EuroCham Sustainable Finance Sector Committee (SFSC) hosts inaugural policy Dialogue on Sustainable Trade and Trade Finance

Read more

May 31, 2024

EuroCham meeting with the Ho Chi Minh City Customs Department

Read more

May 31, 2024

Prime Minister’s Advisory Council for Administrative Procedure Reform holds training program in Hai Phong

Read more

May 31, 2024

Luncheon with EU Delegation and DG INTPA highlights sustainable development opportunities

Read more

May 30, 2024

EuroCham’s Transportation & Logistics Sector Committee speaks at Hoa Sen University’s HCMC Logistics Forum

Read more

May 30, 2024

EuroCham Vietnam’s inaugural Tall Building Forum draws industry leaders and policymakers to explore the future of urban living

Read more

May 30, 2024

EuroCham Vietnam meets EU Ambassador to ASEAN to discuss priorities in EU-ASEAN Strategic Partnership

Read more

May 30, 2024

EuroCham insights shape policy discussions at ACCA Asia Pacific Dialogue 2024

Read more

May 29, 2024

[CORPORATE PARTNERS] BASF paves the way for young painters at WorldSkills Finals Lyon 2024

Read more

May 28, 2024

EuroCham insights shape policy discussions at ACCA Asia Pacific Dialogue 2024

Read more

May 24, 2024

EuroCham engages in the EU-Vietnam Research & Innovation Community Meeting

Read more

May 24, 2024

EuroCham participated in a consultation on Vietnam’s Direct Power Purchase Agreement Framework

Read more

May 24, 2024

Productive Dialogue at the Law on Standards and Technical regulations Consultation

Read more

May 24, 2024

EuroCham emphasises soft skills and sustainability training at a forum organised by the Ministry of Education and Training

Read more

May 24, 2024

[Sector Committee Spotlight] Transport and Logistics Sector Committee: driving Vietnam’s progress

Read more

May 22, 2024

[CORPORATE PARTNERS] BASF expands its biomass balance portfolio for selected chemical intermediates

Read more

May 22, 2024

[Work @ EuroCham] GEFE PROJECT OFFICER – based in Ho Chi Minh City

Read more

May 22, 2024

[Work @ EuroCham] CORPORATE RELATIONS cum MEMBERSHIP EXECUTIVE – based in Ho Chi Minh City

Read more

May 17, 2024

EuroCham convenes collaborative meeting with the EU Ambassador to Vietnam

Read more

May 17, 2024

Traditional Breakfast Commemorates Norwegian Constitution Day’s 210th Anniversary

Read more

May 17, 2024

EuroCham engages in Information Exchange Conference on Power Supply 2024

Read more

Pour une expérience optimale, veuillez tenir votre mobile à la verticale !

Platinum Partners

Gold Premium Partners

Gold Partners

Silver Partners

Premium Service Partners