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Thursday, 4-6-26 04:38:08

Economics

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Foreign market delight, domestic market worrisome

In the first 6 months of the year, exportation of enterprises eyed delight results across various products of power generators, steel, veterinary medicines, and aquacultural medicines by effective exploitation of new markets of Myanmar, Bangladesh, Ukraine, and Ireland. A threading worker is on her shift at Thien Nam Company By maintain older market shares, enterprises have foundation for new markets where the domestically capital enterprises continued to gain nearly USD 995 million from exportation in the first 6 months of the year.Department of Industry and Trade asserted that purchase orders of enterprises have been successfully signed and dealed.General Director of Sang Ban Mai Joint Stock Company, Mr. Tran Thanh Trong announced his company success of power generators exported to Myanmar market.It is expected that, the Company shall export over two million US dollars to this market. Mr. Trong put it that their products are very competitive in foreign markets by balance of price and quality.Talking about exportation, Mr. Nguyen Thanh Nghia, Chair of Board of Management, General Director of Dai Thien Loc Steel JSC informed of major advantages of sheet roofing plated steel in markets of Indonesia, Ireland, Bangladesh, Ukraine, and many more.In the first 6 months of the year, Dai Thien Loc JSC has exported nearly twenty million US dollars which is their highest peak in years.In field of veterinary and aquaculture medicines, Mrs. Vu Thi Ngoc Trinh, Chair of Board of Management of Minh Dung Veterinary and Aquaculture Medicine Company informed of bright future at new markets of India, Egypt, Malaysia, Thailand, and Oman.However bright the exportation is, the domestic market is still gloomy due to pressures of low quality products and customer behaviors.Mr. Nghia warned of low quality Chinese products which might blindfold customers by their low price policies.As for his Company, Nghia took an example of 48 billion Vietnam dong of domestic revenue in 6 months compared to sky high exportation revenue.He called upon competent authorities to create technical barrier to control low quality products from dominating the market and hindering fair competition in domestic market.Reported by Ve Giang – Translated by Vi Bao
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