In the first 6 months of 2022, despite continuing to face many difficulties due to the complicated developments of the Covid-19 epidemic, high transportation costs, affected by the conflict between Russia and Ukraine... but export activities of Vietnam is still recovering and growing strongly. Export turnover in the first half of the year was estimated at 185.94 billion USD, up 17.3% over the same period last year; trade surplus is estimated at 710 million USD.
Maintain the traditional market
In June 2022, the highlight of export belonged to the seafood industry with an estimated turnover of 1.05 billion USD, up 23.9% over the same period last year. Generally, in the first 6 months of the year, the country's seafood export was estimated at USD 5.7 billion, up 39.6% over the same period last year and a record growth of the industry, thanks to the demand of the world market. for Vietnamese seafood increased.
Besides seafood, the export turnover of processed industrial products continued to make the main contribution to the overall export growth in the first two quarters of the year with an estimated turnover of $159 billion, up 17% over the same period last year. . In addition, the export of textile and garment products also grew significantly with an estimated turnover of 22 billion USD in the first half of the year, up 23% over the same period.
Textile and garment is one of the sectors that recorded good export growth in the first 6 months of 2022 Photo: MINH PHONG
Mr. Nguyen Viet Phong, Director of the Department of Trade and Services Statistics - General Statistics Office, assessed that the export growth rate reached 2 digits, showing a spectacular breakthrough in the context of many difficulties. In particular, the export of key goods to traditional markets has always maintained a stable growth momentum. "The Covid-19 epidemic is gradually being controlled, the world's demand for consumption and production is increasing, and the advantages from the free trade agreements (FTAs) that Vietnam has signed will help us We have many advantages for export in the last 6 months of the year," said Mr. Phong.
Solve the challenge
The representative of the General Statistics Office admitted that in the coming time, enterprises (enterprises) will have to face high prices of imported raw materials, fuels and materials for domestic production and export, leading to higher prices for exported goods. competitive pressure.
On the industry side, Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS), said that major fluctuations in many consumer markets have caused domestic enterprises to consider whether they will continue to receive production orders or not. pause. Because, if not calculated carefully, the impact of high raw material prices will affect profits. Than Duc Viet, General Director of Garment 10 Corporation, said that although the company had orders until the end of the third quarter of 2022, even some strong products such as vestons or shirts had orders. By the end of this year, businesses are still concerned that if the consumption market slows down, the inventory ratio of importers increases, orders may be suddenly adjusted or canceled.
Phan Thi Thanh Xuan, Vice President of the Vietnam Leather, Footwear and Handbag Association (LEFASO), said that although businesses in the industry have recovered strongly in production and have many orders, they still have to face a series of problems. such as: high inventory rate with about 40%, high logistics costs, labor shortage. In particular, the disruption of the supply chain of raw materials when China is the main source of raw materials still pursuing the policy of "zero Covid-19" causes businesses to face many difficulties.
To solve difficulties, VITAS proposed that the Ministry of Industry and Trade effectively promote the role of trade counselors in foreign countries in strengthening the search and expansion of raw material supply markets, and in combination with supporting textile and garment enterprises. Access to reliable, affordable sources. This key export industry believes that finding new sources will help reduce risks due to extreme dependence on a supply market and increase competitiveness for Vietnamese enterprises.
Recognizing the challenge in maintaining the flourishing momentum of exports, especially in ensuring the trade surplus, the Ministry of Industry and Trade said it would support businesses in market information, export promotion, and taking advantage of the market. commitments in signed FTAs and through global value chains to find new markets. Along with that, the ministry will also closely monitor changes in the world situation, proactively assess the impact on production, import and export of Vietnam to promptly respond.
Not to be left out, recently, the Ministry of Planning and Investment held a conference to listen to the opinions of associations and industries such as VITAS, LEFASO, Vietnam Association of Seafood Exporters and Producers, etc. difficulties in export activities with practical recommendations. Here, businesses and associations simultaneously proposed to the Government, ministries and sectors to research solutions to reduce gasoline prices, reduce raw material prices and logistics costs, and support businesses in their production and business plans. last 6 months. The most important thing, according to businesses, is removing obstacles in accessing credit support packages to connect and mobilize capital effectively. Before these recommendations, Deputy Minister of Planning and Investment Tran Quoc Phuong said that the ministry will summarize and report at the regular Government meeting, scheduled for today, July 4.
MINH CHIEN
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