VietNamNet Bridge – Chinese goods have been boycotted all over
the world for their dumping prices and toxic contents, which experts believe,
brings the golden opportunity to Vietnamese producers to boost sales.
Consumers turn their backs to Chinese goods
Both the EU and the US have
launched a war against Chinese goods. In early August, the EC organized a press
conference to launch the campaign to boycott low quality products, especially
the toys sourced from China. Especially, the EU has spent a lot of money to
make video clips to advertise the campaign.
Foreign newspapers have quoted
experts as saying that not only toys, but other products for children are also
dangerous to humans. Some Chinese shoes samples in Italia have been found as
having the chrome concentration higher by 10 times than the allowed level. Meanwhile,
under the EU’s laws, the products with the content of more than 3 mg would be
listed as toxic products that may cause cancer.
Vietnamese housewives nowadays
also say “no” to the food and fruits sourced from China, after local newspapers
reported that a lot of Chinese products contained toxic substances.
At the Thu Duc and Hoc Mon
wholesale markets, known as the biggest Chinese farm produce markets in HCM
City, the volume of fruits carried to the markets has decreased by 30 percent
every night.
Nguyen Thanh Ha, Deputy Director
of the Thu Duc Market Development Company, said about 70-80 tons of fruits are
carried to the market every night, accounting for 10-15 percent of the total
products.
Ha said that the sales of Chinese
goods have been going very slowly, while consumers would only accept Chinese
farm produce if Vietnamese products run out.
Also according to Ha, a kilo of
Da Lat (Vietnam) sourced potatoes is selling at 28,000 dong, while Chinese
potatoes at 12,000 dong. However, Vietnamese housewives would still buy the
Vietnamese more expensive products.
Therefore, it happened that
retailers mixed red mud into Chinese sweet potatoes to create counterfeit Da
Lat’s potatoes which can be sold for better prices.
The merchants specializing in
trading Chinese clothes and footwear products have also seen the sales drop
dramatically. Thanh Hoai, the owner of a fashion shop in HCM City, complained
that Chinese products have been left unsold and heaped up at her home.
The golden opportunity for Vietnam?
Analysts believe that the
disfavor of Chinese products in Vietnam would be the golden chance for
Vietnamese enterprises to regain their market shares.
However, some experts still have
doubts about if Vietnamese producers can grab the opportunity.
Dr Vo Mai, Deputy Chair of the
Vietnam Gardeners’ Association, said that the fall of Chinese farm produce does
not surely mean the rise of Vietnamese products.
Mai said that Vietnam’s farm
produce are diversified, while Vietnam can provide high quality seeds. This
explains why Thailand and China have been buying plant seeds from Vietnam.
However, the quality of Vietnam’s farm produce is not high due to the problems
in the production scheme and the backward technologies, thus making Vietnamese
products less competitive in the world market.
Experts have also said they do
not think garment companies would be able to weed out Chinese products from the
Vietnamese market. Chinese clothes would still be the choice of a part of
Vietnamese population thanks to their low prices. Meanwhile, the products
penetrate into the Vietnamese market through cross-border gate trade, and they
do not bear tax.
Source: NLD
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
No comments:
Post a Comment