Export turnover increased over
the same period
The province’s main export industries have
had positive directions with many expectations. For the woodwork industry, it
must be affirmed that enterprises have never had as many export orders as in
2021. Many businesses have refused to receive another orders until the end of
the year. According to statistics, the industry’s import turnover in the first
quarter of 2021 was estimated at US$1,567million, up 51.5% over the same period
last year, or 20.2% of the province’s total export value. In March 2021,
the industry’s export turnover was estimated at US$551million, up 38.8%
compared to the previous month.
Although Covid-19 pandemic was complicated,
the province's import and export activities in the first three months of 2021
still recorded higher growth than the same period last year. In the first
quarter of 2021, the whole province’s export turnover was estimated at more
than US$ 7.7 billion, up 30.4% over the same period last year or 25.2% of the
year’s. Along with that, import value was estimated at over US$ 5.6billion, up
20% against the same period last year or 23.3% of the year’s plan.
The "resuscitation" of Vietnam's
textile and garment industry in 2021 is forecasted by many experts and
organizations. After a period of trying to overcome difficulties, the
industry’s export turnover in the first quarter of 2021 was estimated at US$660
million, up 5.1% compared to the same period, or 8.5% of the total export
turnover. In March 2021, the industry’s export turnover was estimated at US$
230.9 million, up 37.9% compared to the previous month and it is forecasted
that the figure will reach high growth in the second quarter of the year. The
above forecast is assessed to be valid because the forecasted number is
relatively bright. The textile and garment import turnover of the US - the
major export market of Vietnam's garment and textile is predicted to have an
increase of 20% over the same period last year. The forecasts about the demand
for textiles and garments for EU, Japan and South Korea markets also record a
positive growth in 2021.
Although Covid-19 pandemic was complicated,
the province's import and export activities in the first three months of 2021
still recorded higher growth than the same period last year
In the first quarter of 2021, footwear
exports were estimated at US$483 million, up 7% over the same period, or 6.2%
of the total export turnover. In March 2021, the industry’s export turnover was
estimated at US$ 163.3 million, up 38.1% over the previous month. This was
a pretty good growth figure because production activities had to be
halted, due to a long break for Tet. Vietnam was still recognized as a good
market, trusted by brands
According to director of provincial
Department of Industry and Trade, from early 2021, the Department has built a
plan to review and grasp the production and business situation of 8 industries
‘associations and businesses in the province. In general, although Covid-19
pandemic was still complicated in the first three months of 2021, the
province’s production and export activities still achieved positive growth over
the same period last year. Province-based enterprises have proactively come up
with contingency plans to minimize risks and damages, take advantage of
opportunities to maintain production and business in the new context. The
supply of raw materials for production also remains stable until the end of the
second quarter of 2021.
Timely response
The timely support of sectors and authorities
at all levels is a good foundation for enterprises to gradually overcome
difficulties and increase exports. However, enterprises have also made efforts
in the process of stabilizing production, looking for orders and especially
bravely restructuring production in line with changes of the market. Vietnam
has also negotiated with EU countries on a provision allowing domestic
enterprises to supplement the origin of textile materials imported from
Korea and countries that have signed free trade agreements with the EU
into textile products manufactured in Vietnam to enjoy preferential tariffs
when exporting to EU countries. Enterprises also expect Vietnamese enterprises’
proportion of import value of fabric from India will increase from 1% to 8% in
2021 while helping reduce their dependence on materials imported from
China.
The Government, the Ministry of Industry and
Trade, the People's Committee of the province, and sectors have also promptly
taken steps to support the implementation of activities on promoting trade,
searching markets...Particularly, provincial People's Committee has instructed
industries to support enterprises in exploiting, taking advantage of
opportunities from free trade agreements to find solutions to develop markets,
remove barriers in order to penetrate into new markets.
Mrs.Phan Thi Thanh Xuan - Vice Chairwoman of the
Vietnam Leather, Footwear and Handbag Association said that if we only look at
the growth figure, it can be seen that there is nothing to worry about the
export of Vietnamese leather and footwear. However, this figure is just
superficial, not a true reflection of the state of "health" of
businesses, especially small and medium-sized enterprises (SMSEs). For
businesses with capacity in processing sports shoes for big brands like Nike,
Adidas, their quantity of orders is stable. Whilst, SMSEs without good
production technology... are extremely difficult in seeking orders.
According to our research, since early this
year, the prices of raw material for key export industries have increased
dramatically. There are items like wood with the growth of 15% in material
price. In addition, cargo transport costs have increased because of congestion
while the output prices of products have remained unchangeable. Therefore,
enterprises have had to minimize their profits. All of these things have made enterprises
to need more time in order to recover and take calculative steps for
development. Some enterprises are still facing difficulties for change,
including the shortage of containers for exporting goods, the increase of
freight shipping charges and other surcharges…All have affected the progress of
delivering goods and increased costs for enterprises.