Solutions to safeguard export markets

(ĐN)- As global trade tensions escalate, economic experts recommend that Vietnamese enterprises reassess their entire supply chains and adjust production and business plans accordingly. Key strategies include diversifying input sources beyond China, expanding domestic and international markets, and optimizing costs to enhance competitiveness.

Export growth remains crucial to Vietnam's economic targets, requiring collaborative efforts from all sectors. Authorities encourage businesses to maximize the benefits of free trade agreements and adhere to origin regulations to maintain access to major markets like the U.S. and EU.

Experts also call for the establishment of a national investment support fund to help businesses access capital, develop new products, and increase competitiveness, especially in high-tech industries.

Meanwhile, Vietnamese firms are urged to reduce dependence on major markets by exploring under-tapped regions such as Africa, South America, and the Middle East. Strengthening domestic supply chains and improving product traceability are also essential to withstand trade remedy measures and export origin investigations.

Close coordination between government bodies, business associations, and enterprises is considered vital to mitigate risks, ensure legal compliance, and maintain job security amid global market volatility.

Reported by K.M-V.Gia