Thailand And Vietnam Business Docking Will Help Smes Improve Sales.

According to the Ministry of Commerce of Thailand, Thailand and Vietnam Business Forum and Commercial docking Conference It will help SMEs improve their sales.

Pranee Siriphand, director general of the Ministry of foreign trade, said that 34 Thailand footwear enterprises and 50 Vietnamese shoe enterprises participated in the trade reception. At least 7 Thailand footwear enterprises began to trade with Vietnamese enterprises.

The volume of sales contracts signed at the scene is 10 million baht, and the volume of trade is expected to increase further, as many Vietnamese enterprises show great interest in the quality and design of Thailand products.

These Thailand businessmen not only get trade orders, but also predict Vietnam footwear industry Huge business opportunities for raw materials. Vietnam's footwear industry is built on the basis of European and American brands. The largest shoe factory can provide 12 million 500 thousand pairs of shoes for the international market each year. Thailand can provide leather and shoe materials for these Vietnamese footwear enterprises.

Moreover, Thailand enterprises also saw the potential of establishing shoe factories in Vietnam. Vietnam has a huge market of 90 million people, and about 60% of the population is young people. They are the main consumer groups in the fashion products (including shoes) market. At present, Thailand's textile industry is facing many problems, such as increasing labor costs, lack of labor and slowing growth in the US and Europe markets. Due to the above reasons, the total export volume of Thailand's textile industry decreased from 3 billion 500 million US dollars in 2011 to US $2 billion 950 million in 2012, while the export volume of textile industry in May May dropped by 4.7%. In the international market, the market share of Thailand's textile products is still at a low level.

Pranee, director general of the Ministry of foreign trade, calls on Thailand enterprises to use trade docking and modern trade channels to enter the Vietnamese market. According to the Ministry of Commerce statistics, in the first 5 months, Footwear industry in Thailand Exports grew by 1.5% to $305 million 970 thousand.