(VOVWORLD) - Vietnamese enterprises are preparing to navigate trade fluctuations following US President Donald Trump's recent tariff adjustments affecting key trade partners.
Woodsland Joint Stock Company, a leading manufacturer of interior and exterior wood furniture, doors, and industrial wood flooring, is confident it can adapt to global market uncertainties.
Le Ngoc Mai, Head of the Planning Department at Woodsland, whose products are available in both domestic and international markets, including the US, Europe, Japan, and South Korea, said: "Ensuring transparent and legal origins is crucial in exporting to foreign markets. Our company is confident of our compliance."
Exporting to different regions requires adherence to stringent and varied quality standards. To expand into multiple markets, businesses must maintain strict quality control over both raw materials and final products.
Ngo Sy Hoai, Vice President and Secretary General of the Vietnam Timber and Forest Products Association, said: "In challenging times, collaboration is key. It would be difficult for a single business to respond swiftly to external disruptions."
To build a resilient supply chain, diversifying import and export markets is essential for Vietnamese businesses. Free trade agreements will help them stabilize trade volumes and mitigate risks posed by potential trade wars.
Than Duc Viet, General Director of Garment Corporation 10, said: "Vietnam’s textile and garment industry is an integral part of the global supply chain. With the benefits of trade agreements, we must leverage these opportunities to expand exports."
Additionally, the programs enhancing connections between domestic businesses and reputable international suppliers will optimize production costs and enhance the competitiveness of Vietnamese products.
Do Ngoc Hung, Vietnam’s Trade Counselor in the US, said: "By capitalizing on opportunities and fostering stable, mutually beneficial economic and trade relationships, Vietnam can sustain exports and investments as key drivers of economic growth."
As global trade dynamics remain unpredictable, Vietnamese enterprises are advised to strengthen their resilience and seize opportunities to navigate these challenges successfully.