Vietnamese exporters urged to be adaptive to US trade barriersAlthough the US is deemed a promising market for exporters, it also sets very strict import regulations. For this reason, Vietnamese enterprises are urged to improve their capacity and shake hands with others to develop supply chains to make inroads into this market. Vietnamese firms need to expand their scale and use automated production lines to satisfy these requirements, he suggested. Other experts forecast that the US’s stricter rules on imports of seafood and agricultural products will raise costs and reduce the competitive edge of Vietnamese exporters. Experts proposed that the Vietnamese Government should help ease barriers for domestic businesses by cutting public administrative fees and holding trade promotion events for them.

Source: VietNamNet News July 26, 2018 10:52 UTC