Workers of Ho Guom garment company in Hung Yen province. (Photo: VNA) Previously, the Vietnam Trade Office in Spain received information from several domestic cashew and pepper exporting businesses about delays inpayment of goods from ISASA Export Company in Malaga, Spain.
The representative is Mr. Manuel Gil or Ms. Anniz;headquarters located at Calle Riogordo, Nave No.4, Estrella, 29006 Malaga,Spain; Email: info@isasaexport.com; isasa@isasaexport.com andwebsite address //isasaexport.com/en/home/.
ISASA Export said the Vietnamese enterprise's goods did not meetquality standards at the port of destination or that the company suffered lossdue to the decline in local market prices, so it did not comply with thepurchase contract. Specifically, the company was late in paying for the goods,causing difficulties, time loss, and storage costs for domestic businesses, andmany businesses even had to take back the goods.
To avoid risks in exporting, the Vietnam Trade Office in Spainwarned domestic businesses to be careful when signing sale contracts with the ISASAExport Company. At the same time, it suggested domestic businesses increasecoordination with the Trade Office in Spain in verifying local businessesbefore actually signing sales contracts.
The Vietnam Trade Office in Spain said that Spain is currently alarge consumer market for all of Vietnam's exported consumer goods industriesbecause of its large population of over 47 million people and quite highaverage income (about 36,700 USD/year). Furthermore, this is also a potentialniche market for direct domestic consumption of Vietnam's agricultural, aquaticproducts and tropical fruits and vegetables, especially off-season products andraw products that are suitable inputs for the highly developed export foodprocessing industry in Spain.
Spain attracts an average of over 80 million internationalvisitors annually with Europe's leading tourism service industry, resort facilitiesand cuisine. Therefore, this is a market opportunity for tourism relatedindustries (including handbags, suitcases, wallets, hats, umbrellas; handicraftproducts, rattan, bamboo, rush, carpets), textiles, footwear, wood and woodproducts, food ingredients, coffee and spice products of Vietnam.
To promote Vietnamese goods in the Spanish market, the VietnamTrade Office in Spain suggested Vietnamese businesses increasingly takeadvantage of incentives from the EU-Vietnam Free Trade Agreement (EVFTA).
Vietnamese businesses need to proactively research consumptiontrends and market requirements, and stay updated on new regulations andpolicies of the host country to proactively plan production, business andexport, the office noted./.
VNA
