Since the beginning of the year, businesses have proactively sought new markets to “compensate” for the reduced orders from the US. The major export industries of Dong Nai to the US are: footwear, textiles, wood products, coffee, computers, electronics, components, means of transport and spare parts. According to the Commercial Counselor in the European Union (EU) and the United Arab Emirates (UAE), the opportunity to expand exports to these markets is still very large. Consumers in the EU and UAE have a great demand for textiles, footwear, coffee, cashew nuts, vegetables, wood products, computers, electronics and components. Therefore, businesses can study more carefully the needs of consumers in these markets to supply appropriate products.
For the EU market, businesses need to focus on green, sustainable production and traceable goods. Currently, the EU requires businesses exporting to this market to meet ESG (environmental, social, and governance) standards. Therefore, businesses intending to export new products to the EU must carefully study technical barriers. Specifically, there will be regulations on ecological design for sustainable products, reporting on business sustainability, and extended responsibility of manufacturers, etc.
Dong Nai exports to the EU account for nearly 10% of total export turnover, so there is still room to expand this market. The UAE is an open market with few barriers to imports, and people here have high incomes, so they use quality, branded products.
Huong Giang
Source: https://baodongnai.com.vn/kinh-te/202506/thi-truong-eu-uae-con-nhieu-co-hoi-ee419b3/
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