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| Workers at Hồ Gươm garment company in Hưng Yên district. — VNA/VNS photo transition |
HOI NOI — Spain’s Vietnam Trade Department has issued a warning to domestic companies to be careful when signing contracts with Spanish companies to avoid risks.
Previously, the Vietnam Trade Department in Spain received feedback from several domestic cashew and pepper exporters regarding delays in payment for goods from ISASA export company in Malaga, Spain.
The representative is Mr. Manuel Gil or Mr. Anis. Our headquarters are located at Calle Riogordo, Nave No. 4, Estrella, 29006 Malaga, Spain. Email: info@isasaexport.com; isasa@isasaexport.com and website address https://isasaexport.com/ja/home/.
ISASA Export claimed that the Vietnamese company’s goods did not meet the quality standards of the destination port or did not comply with the purchase contract because it suffered losses due to the decline in local market prices. Specifically, the company delayed payment for goods, causing difficulties, time loss, and storage costs for domestic businesses, and many businesses had to take back their goods.
To avoid risks during export, Spain’s Vietnam Trade Department has warned domestic companies to be careful when signing sales contracts with ISASA export companies. At the same time, it suggested that domestic companies strengthen cooperation with the Spanish Trade Agency when verifying local companies before actually signing sales contracts.
Spain’s Vietnam Trade Agency says that Spain is currently a large consumer market for all of Vietnam’s export consumer goods industries due to its population of more than 47 million people and very high average income (approximately 36,700 USD per year). Stated. Moreover, this also represents a potential niche market for direct domestic consumption of Vietnam’s agricultural and seafood products, tropical fruits and vegetables, especially off-season products and raw products that serve as inputs to Spain’s highly developed export food processing industry. be.
Spain has one of Europe’s leading tourist service industries, resort facilities and gourmet cuisine, and attracts an average of more than 80 million international tourists each year. Therefore, this applies to tourism-related industries (including handbags, suitcases, wallets, hats, umbrellas, handicrafts, rattan, bamboo, rushes, carpets), textiles, footwear, wood and wood products, food raw materials, coffee and spices, etc. It’s a market opportunity. Vietnamese products.
To promote Vietnamese products in the Spanish market, Spain’s Vietnam Trade Department proposed that Vietnamese companies increasingly take advantage of incentives from the Vietnam-EU Free Trade Agreement (EVFTA). Vietnamese companies must actively research consumption trends and market requirements and stay updated with new regulations and policies in the host country in order to proactively plan production, business and exports. —VNS