Purchasing export pepper (illustrated image)
Foreign-invested enterprises (FDI) are gradually dominating the source of raw materials and Vietnam's pepper export market.
According to the Vietnam Pepper Association (VPA), there are 7 FDI enterprises participating in purchasing and exporting pepper in Vietnam with 2012 turnover accounting for 36.6% of total export turnover of this commodity (an increase of 11 , 6% compared to 2011).
Mr. Tran Duc Tung – Chief of Office of VPA said that in the first quarter of 2013, FDI enterprises had a strong growth in export turnover over the same period, in particular, some enterprises increased by 280%.
“FDI enterprises are dominating Vietnam's pepper raw materials with the advantage of capital resources and the ability to distribute across countries. This is good when creating competition in the industry but also the risk of domestic enterprises losing market share. At the same time, some FDI enterprises show signs of transferring prices by buying high prices but exporting at low prices to the parent company, ”Mr. Tung said.
Regarding policies to help develop Vietnam's pepper industry in general and domestic enterprises in particular, Mr. Tran Duc Tung said that Vietnam pepper is now exported to more than 90 countries in the world but it has no brand, All importers buy our country pepper in terms of their trademark packaging.
Therefore, VPA proposed that the Ministry of Industry and Trade to coordinate with the Ministry of Agriculture and Rural Development to pay attention to support trade promotion, branding, traceability of pepper in the localities, bringing pepper plants soon. VietGAP program.
Proposing the Ministry of Finance and the State Bank to consider adjusting the corporate income tax policy, supporting interest rate reduction, creating favorable opportunities for farmers and export business enterprises to have favorable conditions in access to low interest rates, stable loans in foreign currencies.
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