• 2nd Floor, 1/15 & 1/17 Tran Binh Trong, Ward 5, Binh Thanh Dist. Ho Chi Minh City, Vietnam
VANNANG BANOK COMPANY LTD

VIETNAM AND THE OPPORTUNITY TO CONNECT WITH THE EUROPEAN MARKET

  • Monday, Day 21/08/2023

    • Vietnam is currently emerging as an attractive destination for businesses in the European Union in general and Northern Europe in particular, the EU-Vietnam Free Trade Agreement (EVFTA) plays an important role at this time.
    Amid global economic uncertainties, the trade deal has helped to reduce negative impacts on the economy, and at the same time brought high expectations for effective long-term cooperation between the two sides.
    Since the EVFTA took effect on August 1, 2020, Vietnam has greatly stepped up "on-spot export". In the period from 2020 to 2022, Vietnam's export volume to the Northern European markets increased by 14.7% per year.


    However, the lack of direct flights as well as the lack of cooperation between Vietnam's seaports and airports and European countries are hindering this trade. As a result, revenue has not yet reached the expected level because countries import Vietnam's goods through other countries such as Germany, Belgium, the Netherlands, France and Poland.
    But with the attraction from EVTFA, many businesses are planning to move to Vietnam to optimize the benefits that EVTFA brings when exporting to Europe.
    This has resulted in an increase in export demand, requiring businesses to increase production efficiency but at the same time save on human resource costs in the current unstable economic situation. In that situation, automation devices will optimize the problems that businesses are facing. With the Plastic Staple Fastener SystemST9500, businesses and clothing factories can optimize the aforementioned problems.
    Outstanding advantages of ST9500:
    + Can adjust the speed as well as the number of times to pin cards and labels automatically.
    + Use 120V or 220V power supply.
    + Flexible adjustment of the distance between 2 needles, suitable for many types of bullets.
    + Suitable for system development and automatic tag and label pinning line.
    + Saves time.
    + Reduce labor costs.
    + Occupy small area.
    + Each ammo roll is up to 25,000 uses.

     

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