Vietnam Has Significant Opportunities to Boost Footwear Export-Import Revenue to Chile

According to data from the General Department of Vietnam Customs, transport companies have reported impressive success in exporting footwear to Chile, with revenue surpassing $103 million in the first nine months of 2024. Thanks to trade agreements, especially the Vietnam-Chile Free Trade Agreement (VCFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), freight services to this market are showing strong growth potential. International shipping operations have significantly benefited from the complete elimination of tariffs under the VCFTA since 2019, enabling logistics companies to offer competitive sea freight services.

Vietnam Has Significant Opportunities to Boost Footwear Export-Import Revenue to Chile

However, companies providing export-import services must be aware of non-tariff barriers in the Chilean market. Transport services need to comply with stringent quality standards, certifications, and labeling regulations. Additionally, competition from other countries presents significant challenges for Vietnamese shipping firms in understanding and meeting the consumer preferences and habits of Chilean customers.

To enhance operational efficiency, freight forwarders are advised to conduct thorough market research to optimize container transport services tailored to local demands. Furthermore, export-import services should stay updated on trade policies through official channels like the Ministry of Industry and Trade and the embassies of both countries. Actively participating in trade promotion activities and building business connections are also crucial for expanding business opportunities.

In the context of increasing competition, logistics companies need to accelerate the adoption of technology in managing both domestic and international container shipments. International shipping services should be optimized to ensure timely deliveries and reduce costs. Notably, developing marketing strategies and brand promotion through international media channels will help enhance the reputation of Vietnamese businesses in the Chilean market.

To fully leverage the advantages from trade agreements, transport companies need a thorough understanding of export-import entrustment regulations. By comprehensively understanding and adhering to customs regulations, trade barriers, and tariffs, businesses can minimize risks and avoid additional costs in the shipping process. Additionally, as sustainable development becomes increasingly emphasized in the Chilean market, international shipping services must meet environmental standards.

With the vast potential of the Chilean market, Vietnam’s logistics sector has considerable opportunities to expand its international transport services. By improving service quality, optimizing costs, and meeting international standards, transport companies can play a vital role in boosting export revenue between the two nations while solidifying their position in the global supply chain.