The devaluation of the euro has affected how exports to Vietnam?
The devaluation of the euro has a strong impact on consumer trends, as well as import and export activities of goods of many countries World and Vietnam. This makes Vietnam's exports to the EU market will be slowed down.
In terms of exports would not be good for exporters. Previously very high price when discounted EUR will affect the currency swap. Europe is a huge export market of enterprises VN only to the US, Japan. The textile enterprises, aquaculture ... when exporting to this market might be affected. Euro down the prices of goods Vietnam exported to Europe increased, as the goods of Vietnam enterprises less competitive compared to other countries exporting to Europe. Euro continuous devaluation has led many EU importers require exporters Vietnam reduced the price, otherwise they will stop buying. This put the Vietnamese exporters into the dilemma by manufacturing the hole without the loss of export markets. Volatility creates instability for the export market requires import and export enterprises have the volatility and greater risk. This is a disadvantage for the import and export business.
Typically, textiles and seafood
market in Europe is the 2nd largest exporter of textile sector so as Euro devaluation, immediately, many textile enterprises Garments are more or less affected. Indeed, in the first 6 months, the textile export growth to the EU just over 8%, less than 1/3 of the growth rate of the same period in 2014. Concerns in EU exports continue to the end of the year is difficult, Vietnam Textile and Apparel Association is considering expanding the replacement market.
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