Despite difficulties, Ninh Binh has a trade surplus of over 354 million USD

Exports to Asia accounted for 61.7% of the proportion.

According to data from the Department of Industry and Trade of Ninh Binh province, the province's export turnover in 2023 is estimated at 3,178.2 million USD, an increase of 0.01% over the same period last year. Some items with high export growth include: Cement and clinker estimated at 694.4 million USD, equal to 133.5% of the annual plan; automobiles and auto parts estimated at 127.5 million USD, reaching 132.1% of the annual plan; aluminum and other metal alloys 95.5 million USD, 112.4% of the annual plan...

Regarding the export market, according to the assessment of the Department of Industry and Trade of Ninh Binh, due to the complicated political and economic situation in the world, the province's export market has many fluctuations. In 2023, the Asian market will continue to lead with a turnover of 1,962 million USD, accounting for 61.7%, down 10.4% compared to 2022; America will reach a turnover of 884.6 million USD, accounting for 27.8%, up 72.9% - also the only market with positive growth in Ninh Binh in 2023; Europe will reach a turnover of 246.7 million USD, accounting for 7.8% and down 30.7% compared to 2022; Australia will reach a turnover of 53.1 million USD, accounting for 1.7% and down 27.3% over the same period; Africa reached a turnover of 31.8 million USD, accounting for 1% and decreasing by 33.1% compared to 2022.

Enterprises in the province have exported goods to over 80 countries and territories around the world, many enterprises have participated in the global value and supply chain.

Produced at Hyundai Thanh Cong Vietnam Factory No. 2 (HTMV2) in Gian Khau Industrial Park, Gia Vien District. Photo by Tien Vinh

Processing and manufacturing industry is still the group of goods with the largest proportion among Ninh Binh's export groups last year with an estimated turnover of nearly 3,124.4 million USD, equal to 97.2% of the yearly plan.

Next is the agricultural products group, estimated at 48.9 million USD, exceeding 70.4% of the annual plan. The province's processed agricultural products continue to be exported to demanding markets such as Japan, the EU and the markets of the Eurasian Economic Union. Although still affected by the general economic crisis worldwide, this group continues to maintain a high growth rate, up 83.7% over the same period in 2022.

The handicraft group is estimated to reach 4.9 million USD, mostly exported to the US and European markets.

Regarding imports, in 2023, Ninh Binh imported 2,824.2 million USD of products serving automobile manufacturing activities, processing and exporting clothing products, footwear, electronic components, phone accessories, machinery and equipment, factories, etc.

Thus, in 2023, Ninh Binh will have a trade surplus of over 354 million USD. Although it is not a large number, it is a great effort of the government and businesses in the province to overcome difficulties and stabilize production and business.

Set challenging goals

Regarding import-export management, according to the Ninh Binh Department of Industry and Trade, from the beginning of the year, the Department has closely followed the export plan assigned by the province, issued an Export Development Plan, focusing on supporting businesses with market information, disseminating and clarifying the benefits of free trade agreements, providing timely information on trade defense measures of importing countries; updating and notifying changes in import-export policies and customs clearance from major trading partners.

Coordinate with functional units of the Ministry of Industry and Trade to organize 7 direct and online conferences to create conditions for businesses to have useful information to access the market as quickly as possible. Conduct surveys, work to grasp the export situation at businesses, and at the same time perform well the work of statistics and reporting on the import and export situation of businesses in the province.

The Department also advised the Provincial People's Committee to issue an Action Plan to implement the Strategy for Import and Export of Goods to 2030; established an interdisciplinary inspection team to inspect production capacity and issue textile and garment manufacturer codes (MID) for 4 enterprises exporting to the US market; created bilingual clips and introductory publications. The Department also appraised and issued 6,197 sets of C/O, of which 100% were done electronically via the Internet.

With the results achieved in the past year, in 2024 Ninh Binh is determined to achieve the target of 3,250,000 million USD in export turnover, an increase of 2.8% compared to the estimated implementation in 2023. This target is truly a challenge for the business community and the Ninh Binh provincial government because the world market situation in 2024 is forecasted to have many unpredictable developments.

To achieve this goal, the locality will advise the Provincial People's Committee to issue a Decision to promulgate the Regulations on the operation of the Provincial Steering Committee for International Integration. Coordinate with functional units of the Ministry of Industry and Trade to strengthen the dissemination and provision of market information, organize trade promotion delegations and specialized international exhibitions to survey the market to find partners and customers, enhance exchanges, connections, and cooperation between businesses and promote the province's exports to markets that have signed FTAs with Vietnam. Organize a conference to disseminate the Vietnam - Israel Free Trade Agreement (VIFTA) to import-export enterprises in the province.

Organize and promote the annual program "National E-commerce Week and Vietnam Online Shopping Day" to stimulate online shopping and cashless payments. Coordinate with the Department of E-commerce and Digital Economy - Ministry of Industry and Trade to organize a training conference to bring typical products and OCOP products to e-commerce platforms for officials of enterprises, cooperatives, and production and business establishments in the province. Survey the application of e-commerce in Ninh Binh province to serve the development of indicators of the number of traders with e-commerce transactions.

Continue to effectively implement national and local industrial promotion programs, supporting industry development programs, and national and local trade promotion programs in 2024.

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