Nghe An: Export turnover in the first 6 months of the year increased sharply

Overcoming difficulties, Nghe An's total export turnover of goods in the first 6 months reached 1,800 million USD, an increase of 25.1% over the same period in 2024. Exports increased sharply over the same period, becoming a bright spot promoting the province's economic growth.

Difficulties piled up

In recent times, inflation and tightening of spending in countries around the world have reduced the demand for imported goods from these countries. For the Chinese market, the policy of tightening control over agricultural products and food; the United States is the main export market for textiles, handicrafts, and stone tiles, but currently consumer demand has decreased, many items have been put on the trade defense list. Meanwhile, the European market has applied a tight monetary policy, increased inflation, increasingly strict standards and regulations, new measures on the environment, anti-forest destruction, anti-illegal fishing, etc.

Production at Sangwoo Textile Co., Ltd. in VSIP Industrial Park, Hung Nguyen, Nghe An. Photo: Thu Huyen

Since January 1, 2025, the United States has implemented a series of new tariff measures to adjust the trade balance and protect national economic interests, in which the reciprocal import tax policy is considered the focus. Since the beginning of 2025, the world economy has continued to develop in a complex and unpredictable manner, with signs of escalating trade tensions. Some of the province's export products have been directly affected by information about this tax decree.

For example, processed fruit and fruit juice exports to the US decreased sharply (60-70%). In April and May, wood chip exports decreased sharply, demand for wood chip imports from the Chinese market decreased due to the impact of information about the US's reciprocal tax order. Chip prices also tended to decrease, cassava starch was in stock, and exports decreased due to reduced import demand from China.

Laminated wood products of Song Hieu Agricultural Forestry Company Limited meet export standards. Photo: Van Truong

Or the monocrystalline silicon bars and semiconductor wafers (an important component in the production of solar panels) of Runergy PV Technology Co., Ltd., if in 2024 the export turnover reached over 74 million USD, are now facing difficulties in exporting due to US policies. According to information from the US Department of Commerce, from June 9, the US is expected to impose anti-dumping taxes of 52 - 271% and anti-subsidy taxes of 68 - 542% on solar panels imported from Vietnam. Export output has decreased significantly, the company has had to cut staff, and is currently waiting for new policies from the US as well as solar panel manufacturers from Thailand and China to find new markets for their products.

Meanwhile, local products are diverse but the scale of production is still small; especially some agricultural products have not met the requirements of foreign markets and the standards of reputable domestic retail distribution systems in terms of quantity, quality, product specifications, etc.

Exports overcome difficulties and increase quite well

To accompany and remove difficulties for businesses, Mr. Pham Van Hoa - Director of the Department of Industry and Trade said that the working group directing the growth of the import-export sector in 2025 of the province has had many practical activities. These are: Supporting businesses to boost exports and improve competitiveness in the context of many fluctuations in the world market; Training on the issuance of non-preferential certificates of origin for exporting enterprises in the province; Training on the Rules and procedures for certifying the origin of goods according to the Free Trade Agreements that Vietnam participates in; Advising the province to develop a Resolution to support trade promotion activities for businesses in Nghe An province, in which specific policies are proposed to support businesses in export promotion activities.

In particular, recently, regarding the US tariff increase policy, the Department of Industry and Trade has grasped the difficulties of export enterprises, especially enterprises with goods exported directly to the United States, the impact of the tax order on the export of enterprises: An Son Stone, May Minh Anh, Nafoods, Frescol Tuna, Kido Vinh, Luxshare, Thanh Thanh Dat... Organized an online discussion of Nghe An enterprises with the Trade Office - Consulate General of Vietnam in the United States with overseas Vietnamese, experts and enterprises in the United States to update the situation of new policies during the term of President Donald Trump. At the same time, advised on the implementation of tasks to warn enterprises about the United States as well as other countries increasing trade defense measures against Vietnamese exports.

Graphics: Huu Quan

Thanks to those practical solutions, exports increased sharply compared to the same period, becoming a bright spot promoting the province's economic growth. Estimated export turnover of goods in June 2025 reached 339 million USD; total export turnover of goods in 6 months reached 1,800 million USD, up 25.1% over the same period in 2024. Import turnover of goods in June 2025 reached 200 million USD; total import turnover in 6 months reached 1,324 million USD, up 8.2% over the same period in 2024. Some export items increased quite well, typically: Electronic equipment and components increased by 110.98%; textiles and garments increased by 35.64%; footwear of all kinds increased by 105%, electric wires and cables increased by 18%;...

Goods were exported to 125 countries and territories in the world in 6 months. Typical markets: China, USA, Hong Kong, Korea, Japan, Taiwan,...

Import and export goods through Cua Lo port. Photo: TH

In the first 6 months of 2025, a number of newly completed projects will go into stable production, such as: Luxshare with a capacity of over 100 million products, estimated export turnover of 500 million USD; Goertex Vina Co., Ltd. with a capacity of about 381 million products/year, estimated export turnover of 500 million USD; Everwin Precision Vietnam Company with a designed capacity of 270 million products/year, estimated export turnover of 400 million USD; Jianyin project producing electronic components of Giai Am Co., Ltd. in WHA Industrial Park; Gia Nhat electronic components factory of Gia Nhat Plastic Vietnam Co., Ltd. with a capacity of 109.2 billion products/year and a number of other projects estimated to export 100 million USD (Emtech, BSE, Sonix Vina,)...

However, the world situation is forecast to continue to change rapidly and unpredictably. Most of the province's enterprises are small in scale, with low adaptability and competitiveness; supporting industries are still weak, lacking dynamic projects, creating breakthroughs, acting as locomotives to lead and strongly shift the economic structure. The development speed has a large difference between regions in the province.

The target for 2025 is that the total export turnover is estimated at 4,500 million USD/the target of the Congress Resolution of 1,765 million USD, an increase of 21.62% compared to 2024. Of which, the export turnover of goods is estimated at 4,000 million USD/the target of Resolution of 1,295 million USD, an increase of 24.75% compared to 2024; achieving the target assigned in the Nghe An Province Export Development Project for the period 2021-2025.

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In 2025, it is expected that key traffic projects being implemented in the province will accelerate, and new projects will be built, contributing to the development of the mining industry. Three new hydropower plants will come into operation in 2025 with a total capacity of 78.8 MW, including: Chau Thon - 29.8 MW (expected to generate electricity in the first quarter of 2025), Suoi Choang - 4 MW and Ban Mong - 45 MW. Electronic component manufacturing projects in the province will stabilize production, and new projects coming into operation will contribute significant new capacity to ensure the target of industrial growth and increase the total export turnover in the province. With the above favorable and difficult factors, it is expected that the export turnover target will reach the assigned plan.

Mr. Pham Van Hoa - Director of Department of Industry and Trade

Source: https://baonghean.vn/nghe-an-kim-ngach-xuat-khau-6-thang-dau-nam-tang-cao-10300163.html