Quang Ninh businesses seek to penetrate Dubai market
Businesses in the northern province of Quang Ninh would benefit from penetrating the Dubai market, said economists at a seminar on July 9.
The seminar was co-organised by the Quang Ninh Investment Promotion and Support Board and Dubai-based Vchoice Goods and Service Export Promotion Company of Vietnam.
According to Tran Dinh Thien, Director of the Vietnam Institute of Economics, Dubai offers good opportunities for Quang Ninh businesses.
Dubai, one of the seven emirates that make up the United Arab Emirates, is known as the gateway to the Middle East, Southwest Asia and Africa.
Dubai is the world’s most attractive duty-free market as businesses pay a very low rate of import tax, ranging from 0-5 percent.
At the seminar, economists advised Vietnamese businesses to approach the Dubai market by studying their rivals, building brand names and seeking support from the Vietnamese business community in Dubai.
They said that Quang Ninh province has many goods and services suitable for the market, especially Ha Long Bay tourism, farm produce and aquatic products.