At theForum on Trade and Industrial Cooperation with American partners 2020 taking place on the morning of September 25 ty le keo truc tiep Hanoi, Mr. Pham Hoang Viet – Vice Chairman of An Phat Holdings shared the story behind their revenue with 80% comes from exports, of which the Americas are the key market.
TheForum on Trade and Industrial Cooperation with American partners 2020 is an event organized by the Ministry of Industry and Trade to provide updated information on changes ty le keo truc tiep economic and trade policies of the Americas, analyzing the market situation and demand for Vietnam’s export industries ty le keo truc tiep the current period, thereby identifying opportunities and solutions to promote exports and attract investment from the Americas, especially ty le keo truc tiep the context of the Trade Agreements being put into effect.
The forum attracted more than 200 delegates from enterprises including the business associations ty le keo truc tiep Viet Nam, agencies under central and local ministries, trade and investment promotion organizations, and members of mission, Vietnamese trade representatives ty le keo truc tiep the Americas.
On behalf of American partners, there were representatives from the diplomatic missions of the Americas ty le keo truc tiep Vietnam, the Ambassadors of Brazil, Chile, Colombia, Cuba, and Mexico … and representatives of many large American enterprises ty le keo truc tiep Vietnam.
Sharing at the forum, the leader of the Multilateral Trade Policy Department (Ministry of Industry and Trade) said: “There is still a lot of opportunities for Vietnam to export to American markets, therefore, Vietnamese businesses need to change their minds as well as current business practices. They should not be satisfied with what they have but taking advantage of trade agreements such as EVFTA, CPTPP … to become “FTA expert”.
ty le keo truc tiep recent years, America is continuously the continent with the highest growth ty le keo truc tiep trade turnover among Vietnam’s partners. The value of two-way trade over the past 10 years has increased by 3.5 times, from 28 billion USD ty le keo truc tiep 2011 to 96.8 billion USD ty le keo truc tiep 2019. Despite the impact of Covid-19, ty le keo truc tiep the eight months of 2020, two-way trade turnover between Vietnam and the Americas still reached 69.3 billion USD (increased 11.8%, of which, Vietnam’s exports increased by 15.9% compared to the same period ty le keo truc tiep 2019).
As one of the special speakers of the event, Mr. Pham Hoang Viet – Vice Chairman of An Phat Holdings assessed the importance of foreign markets and shared his experiences of nearly 10 years exporting to America.
ty le keo truc tiep the business ecosystem of 15 member companies, there are 6 export companies ty le keo truc tiep the field of packaging and compostable product branded AnEco, AnBio; jumbo packaging; high-tech interior plastic products such as AnPro flooring; plastic materials and additives … ty le keo truc tiep 2020, the enterprise is expected to reach an export value of 9,000 billion VND, accounting for nearly 80% of the total revenue of the Group.
According to Mr. Viet, ty le keo truc tiep order to succeed ty le keo truc tiep exporting to the American market, this company has had to make great efforts, especially focusing on international standards about products and factories.
“For each product, we need to meet the individual standards of product quality, safety for health and the environment,” he said. Specifically, ty le keo truc tiep order to be welcomed by the US market, our AnEco and AnBio products must meet strict certificates such as: BPI Compostable (ty le keo truc tiep terms of decomposition), Food Contact (safety certification ty le keo truc tiep direct contact with food). Or for AnPro high-tech plastic flooring, we have to guarantee FloorScore certification (a product certification standard that ensures the lowest emissions and safety, consistent with indoor air quality)”.
ty le keo truc tiep addition, some partners ty le keo truc tiep the US also have their own requirements for factories, which are requirements for safety, factory hygiene, standards for the improvement of production processes… Hence, An Phat Holdings needs to demonstrate its ability to meet those standards. According to the unique requirements of partners ty le keo truc tiep the US about factories, An Phat Holdings meets the following standards: ISO 9001 on quality management; ISO 14000 on environmental friendliness; ISO 22000 on ensuring food hygiene and safety … at factories. Mr. Viet also emphasized that besides the economic factor, the resources and enthusiasm that An Phat Holdings invests ty le keo truc tiep acquiring a series of above certificates is the most important factor.
With the strategy of customer diversification, product diversification, and continuing to promote market research, An Phat Holdings aims to expand the market ty le keo truc tiep North American states, bringing the number of customers from nearly 70 countries to 90 countries ty le keo truc tiep 2021 and set the Americas as the primary market, bringing ty le keo truc tiep the largest revenue compared to other markets.
