Senegal is a promising market for Vietnamese goods

HCM City (VNA) – Senegal is a promising market for Vietnamese goods,
according to the Vietnam Trade Office in Morocco , which works as a bridge to
help the country’s goods enter both markets.

With its population of 11.9 million, Senegal has huge demand for agricultural
and consumer products.

Though it is mainly an agricultural country, it is unable to grow enough to meet its
needs due to persistent drought, while its industry has yet to develop.
France , the UK , China , and Belgium are the main exporters of
agricultural produce to the country. Vietnam established diplomatic ties with
Senegal in 1969 but trade between the two countries only began in 1994.

Vietnam exports black pepper, footwear, and garments but rice accounts for 90
percent.
It imports scrap steel and cotton from Senegal .

Due to its location, Senegal is also a possible gateway to other African
countries for Vietnamese products. In the wake of falling demand in traditional
markets due to the recession, Senegal – and Africa in general – is emerging
as a highly promising market for Vietnamese products.

Vietnamese firms should continue to strengthen marketing to boost exports to the
country.

Other products that can be exported are cereal, seafood, foods, electronics, and
household appliances. But there are some hurdles like collecting export
payments because of the lack of a proper banking system.-Enditem