I've always heard that re - export trade can bring a lot of economic benefits. Countries like Singapore have developed well in this regard. But Vietnam doesn't seem to have made much progress in re - export trade. I wonder why Vietnam doesn't have re - export trade. Is it due to geographical conditions, policy issues, or other reasons? I hope to get a professional answer.
Considering entering the transit trade, inquiring about Vietnam's transit trade situation, including its advantages, disadvantages, and considerations. The best answer states that Vietnam's transit trade is developing well, with advantages such as a strategic geographical location, low labor costs, and numerous free trade agreements; the disadvantage is that infrastructure needs improvement. To conduct business, it is essential to familiarize oneself with policies and regulations, choose reliable partners, monitor exchange rate fluctuations, and address challenges effectively, as there is significant growth potential.
Interested in the entrepot trade between China and Vietnam, asking about the specific sectors. The best answer states that this trade sector is rich. From the perspective of product types, there are light industrial products such as textiles, electronic products, agricultural products, machinery and parts, chemical products, etc. These sectors constitute the main part of the entrepot trade between China and Vietnam, meeting the needs of both sides and the surrounding markets.
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Professional consultant answers
Jennifer WangYears of service：4Customer Rating：5.0
Market development consultantConsult
Vietnam does not completely lack re - export trade. It's just that compared with some countries with developed re - export trade, the scale is relatively small. The main reasons are as follows: First, in terms of port infrastructure, although Vietnam has multiple ports, some ports lag behind those of re - export trade powerhouses in terms of handling capacity and the sophistication of loading and unloading equipment, affecting the efficiency of cargo transshipment. Second, the logistics support is imperfect. Efficient re - export trade requires the coordination of developed logistics systems such as warehousing and inland transportation, and Vietnam needs to improve in this regard. Third, the financial services are lagging. Re - export trade involves a large amount of capital flow and requires the support of a mature financial system. The openness and service level of Vietnam's financial market are insufficient. In addition, there is still a certain gap in the stability and transparency of trade policies and regulations compared with countries like Singapore, affecting the confidence of enterprises in conducting re - export trade.
However, in recent years, Vietnam has been making efforts to improve these situations, and its re - export trade is expected to achieve greater development in the future.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Vietnam may lack professional trade talents. The re - export trade process is complex and requires talents who understand international trade rules, logistics deployment and other aspects of knowledge. The shortage of talents will limit its development.
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The competition from neighboring countries of Vietnam may also be one of the reasons. For example, Malaysia, Singapore, etc. have maturely developed in re - export trade and occupied a large market share, making it difficult for Vietnam to get a share of the pie.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The domestic industrial structure of Vietnam may affect re - export trade. Its own industries mainly focus on manufacturing, etc., with relatively insufficient demand and impetus for re - export trade, unlike some countries with more flexible economic structures that vigorously develop re - export trade.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
The development level of information and communication technology may have an impact. Re - export trade requires timely and accurate information transmission. If the information and communication technology is backward, it is not conducive to traders' access to information about goods and the market, hindering the development of re - export trade.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
Vietnam's tax policy may not be preferential enough. Re - export trade enterprises are sensitive to tax costs. If the tax policy cannot effectively reduce enterprise costs, the enthusiasm of enterprises to conduct re - export trade will not be high.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
There are certain unstable factors in Vietnam's geopolitical environment, which may make some foreign enterprises hesitant when choosing a location for re - export trade, thus being unfavorable to the development of re - export trade in Vietnam.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
The layout of Vietnam's international flight routes may not be perfect enough. Re - export trade depends on extensive international flight route connections. If there are few flight routes, the convenience of cargo transshipment will be poor, affecting the scale of re - export trade.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
The construction of Vietnam's commercial credit system may not be sound enough. Re - export trade involves transactions among multiple parties, and a good credit system is crucial. An imperfect credit system will increase transaction risks and costs.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
Vietnam's trade brand influence in the international arena is limited. Unlike Singapore, etc., which attract a large number of re - export trade businesses with their long - accumulated trade reputation, Vietnam still needs to work hard in this regard.