French meat producers eye expansion in Vietnam
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Meat producers from France are seeking to expand their market share in Vietnam to take advantage of the EU-Vietnam Free Trade Agreement.
“Meat product exports to Vietnam are expected to grow faster, as, for the next 10 years, tariffs on those products will gradually decrease to zero percent,” Emmanuelle Pavillon-Grosser, the French consul general in HCMC, said.
France is already the ninth-largest meat exporter to Vietnam, but wants to further increase its market share.
The trade deal took effect in August 2020. The French Association of Butchers and Caterers and Business French in Vietnam are running a campaign to increase sales of meat products with EU sponsorship.
It is expected to go on until 2024, with activities such as store promotion and inviting Vietnamese buyers to see the production process in France. Emilien Besnard of FICT said the French meat industry has more than 450 products, some of them already popular in Vietnam.
Besides the EU, Vietnam also imports meat from the US, Russia, South Korea, and others, mostly being pork.
Pork imports rose from 33,000 tons in 2018 to 225,000 tons in 2020 before slipping last year to 143,463 tons due to the pandemic.
Questions & Answers
Q.What is the primary reason French meat producers are looking to increase their presence in Vietnam?
What is the primary reason French meat producers are looking to increase their presence in Vietnam?
French meat producers aim to take advantage of the EU-Vietnam Free Trade Agreement. This agreement expects tariffs on meat products to gradually decrease to zero percent over the next decade, which should boost exports.
Q.When did the trade agreement that benefits French meat exports to Vietnam come into effect?
When did the trade agreement that benefits French meat exports to Vietnam come into effect?
The EU-Vietnam Free Trade Agreement, which is expected to support increased meat product exports, officially took effect in August 2020. This allows for the gradual reduction of tariffs over the coming years.
Q.What activities are part of the campaign to boost French meat sales in Vietnam?
What activities are part of the campaign to boost French meat sales in Vietnam?
The campaign includes store promotions and inviting Vietnamese buyers to France to observe the production process. It is run by the French Association of Butchers and Caterers and Business French in Vietnam, with EU sponsorship.
Q.How have Vietnam's pork imports changed in recent years, aside from French suppliers?
How have Vietnam's pork imports changed in recent years, aside from French suppliers?
Pork imports into Vietnam significantly increased from 33,000 tons in 2018 to 225,000 tons in 2020. However, they then fell to 143,463 tons last year, reportedly due to the pandemic.
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