Bright prospects ahead for footwear exports to Chilean market
Statistics released by the General Department of Vietnam Customs indicates that Vietnam exported footwear products worth over US$103 million to the Chilean market.
Under the terms of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the South American side has committed to the longest tariff elimination roadmap of four years for Vietnamese footwear products.
Along with the CPTPP, the country has also signed the Vietnam - Chile Free Trade Agreement (VCFTA) with Chile, which took effect back in 2014.
Insiders pointed out that although local footwear firms have enjoyed export advantages, they have also faced non-tariff barriers such as requirements on quality standards, food safety and hygiene certifications, and labeling regulations.
As part of efforts to boost exports to Chile, experts recommend that domestic businesses proactively research the market to gain greater insights into the needs and consumption trends, as well as stay updated on Chile's economic - trade - investment policies.
Simultaneously they should actively engage in trade and investment promotion activities; enhance trade connectivity with Chilean partners to seek business co-operation opportunities; while also abiding by quality standards, food safety requirements, and Chile's certificates of origin.
In particular, they are encouraged to promote the application of technology in terms of export management and logistics in order to reduce costs, improve efficiency, and ensure on-time delivery.
Moreover, local firms have also been advised to focus on marketing strategies and brand development through international media channels to increase the presence of Vietnamese products in Chile.
On the other hand, local businesses must fully grasp the VCFTA and CPTPP to take full advantage of opportunities and incentives from the FTAs, as well as mastering export regulations, especially trade barriers and customs procedures in the South American nation to minimise costs and avoid unexpected incidents during the export process.
See also
Vietnam - US trade turnover hits over US$122 billion in 11 months
11:19 | 08/12/2024 Trade
Vietnam records 24.3 billion USD trade surplus in 11 months
15:43 | 06/12/2024 Trade
Rice exports to set record of 9 million tonnes this year
09:59 | 06/12/2024 Trade
Việt Nam’s exports expected to hit highest growth since 2021
09:50 | 06/12/2024 Trade
Online Friday 2024 successful with impressive figures
21:38 | 05/12/2024 Trade
Temu halts operations in VN, awaits registration approval
21:34 | 05/12/2024 Trade
See more news
Vietnam’s fruit, vegetable exports likely to set new record in 2024
16:37 | 05/12/2024 Trade
Vietnam becomes largest exporter of frozen pangasius fillets to Malaysia
14:55 | 05/12/2024 Foreign trade
Agricultural sector’s trade surplus approximates 16.5 billion USD
16:59 | 04/12/2024 Trade
Việt Nam boosts fruit imports from the US
16:27 | 04/12/2024 Trade
Top legislator's visit to Japan generates huge opportunities for bilateral trade
08:56 | 04/12/2024 Trade
Indonesia extends safeguard measures on polystyrene products from Vietnam
16:34 | 03/12/2024 Trade
First cross-border wholesale e-commerce platform launched
16:02 | 03/12/2024 Trade
Dak Lak company exports first roasted coffee container to US
10:44 | 03/12/2024 Trade
Vietnam Grand Sale 2024: nationwide promotion programme launched to boost consumption
09:19 | 03/12/2024 Trade
Tuna exports poised to hit 1 billion USD this year
15:35 | 02/12/2024 Trade
Kinh Bac Art 3 contemporary painting exhibition opens
13:14 | 08/12/2024 Culture
Vietnam - US trade turnover hits over US$122 billion in 11 months
11:19 | 08/12/2024 Trade
Top legislator wraps up official visit to Japan
09:23 | 08/12/2024 News and Events
Finance ministry to use AI in stock market surveillance
09:18 | 08/12/2024 Finance-Banking
Vietnam, Belgium deepen parliamentary cooperation
09:13 | 08/12/2024 Cooperation
Multimedia
16 intangible cultural heritage elements recognised by UNESCO
10:06 | 06/12/2024 Infographic
Vietnam-Japan Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World
08:49 | 04/12/2024 Infographic
Streamlining political system's organisational apparatus
10:17 | 03/12/2024 Infographic
Vietnam-Singapore Strategic Partnership
15:28 | 02/12/2024 Infographic
Local vibe at wholesale market
10:51 | 02/12/2024 Lifestyle
Plan to streamline Government's organisational apparatus finalised
09:38 | 06/12/2024 Policy
Vietnam slashes government apparatus, with 9 minitries, agencies cut
10:25 | 04/12/2024 Policy
Specific plans announced to restructure Party apparatus
16:46 | 03/12/2024 Policy
Streamlining political system: Time does not wait
15:40 | 02/12/2024 Policy
Việt Nam resumes nuclear power project amid rising energy demands
17:07 | 07/12/2024 Energy
Việt Nam's supporting industry for electronics needs more support
16:58 | 07/12/2024 Support industries
Vietnam’s automotive industry seizes golden opportunities from global supply chain
13:17 | 06/12/2024 Support industries
Rubber industry adaptive to EU Deforestation Regulation
17:03 | 04/12/2024 Industry
Vietnamese businesses explore Indonesian market
18:01 | 07/12/2024 Investment
Vietnam attracts nearly 31.4 billion USD in foreign investment in 11 months
17:59 | 06/12/2024 Investment
Top legislator suggests Japan’s Tokyu Group expand investment in Vietnam
15:26 | 05/12/2024 Investment
Chinese media highlights Vietnam as attractive investment destination in 2025
16:38 | 03/12/2024 Investment
Finance ministry to use AI in stock market surveillance
09:18 | 08/12/2024 Finance-Banking
Year-end profits put heavy pressure on banks
15:12 | 06/12/2024 Finance-Banking
Party chief receives leader of Japan Bank for International Cooperation
08:51 | 05/12/2024 Finance-Banking
Central bank increases credit growth limit for banks for second time this year
18:43 | 30/11/2024 Finance-Banking
Seeking capital for green transformation remains tough
16:52 | 05/12/2024 Environment
Drainage infrastructure development behind pace of urbanisation
11:07 | 04/12/2024 Environment
Việt Nam rattled by 458 earthquakes in 11 months
14:47 | 03/12/2024 Environment
Hà Nội determined to revive its polluted rivers
10:31 | 03/12/2024 Environment
NVIDIA to build AI research and data centres in VN
08:50 | 06/12/2024 Science - Technology
VinFuture Sci-Tech Week starts in Hà Nội
16:53 | 05/12/2024 Science - Technology
Nineteen initiatives receive Vietnam Smart City Awards 2024
11:46 | 04/12/2024 Science - Technology
Empowering Vietnamese firms with digital transformation
11:31 | 03/12/2024 Science - Technology
The VinFuture 2024 Grand Prize honours 5 scientists for transformational contributions to the advancement of deep learning
17:15 | 07/12/2024 Society
With strong commitment and substantial investment, Việt Nam can end AIDS by 2030
15:50 | 06/12/2024 Society
Mang Den Airport construction plan proposed
14:26 | 06/12/2024 Society
US to provide 12.5 million USD to support Vietnam in combating IUU fishing
10:15 | 06/12/2024 Society
2024 Vietnam Business Day opens shop in Japan
14:49 | 04/12/2024 Vietnamese Brands
Việt Nam's OCOP products debut at AF-L'ARTIGIANO IN FIERA 2024 in Milan
14:55 | 02/12/2024 Vietnamese Brands
Top 10 reputable logistics companies in 2024 announced
07:33 | 01/12/2024 Vietnamese Brands
150 products honoured as “Vietnamese Goods Loved by Consumers 2024”
11:34 | 29/11/2024 Vietnamese Brands
Kinh Bac Art 3 contemporary painting exhibition opens
13:14 | 08/12/2024 Culture
Exhibition on royal culture of Huế opens
14:45 | 04/12/2024 Culture
Vietnamese artisans bring unique handicrafts to Milan
11:35 | 03/12/2024 Culture
Hanoi Digital Pho gives experience of unique culinary essence
09:19 | 03/12/2024 Culture
15.8 million int'l tourists came to Việt Nam in first 11 months, nearing 2024 target
07:00 | 07/12/2024 Tourism
2025 holiday schedule announced early, expected to boost tourism
11:33 | 04/12/2024 Tourism
Developing green and sustainable tourism as a pathway to growth
09:22 | 04/12/2024 Tourism
Việt Nam, RoK expand tourism cooperation
11:40 | 03/12/2024 Tourism