Many industries face difficulties
According to the Department of Industry and Trade, the total export turnover of goods in the province in the first 10 months is estimated at 3,716 million USD, an increase of 40.87% over the same period in 2024, reaching 92.9% of the yearly plan. In 2025, it is estimated to reach 4,400 million USD, an increase of 38.72% over 2024, reaching 110% of the plan. 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 are exported to 145 countries and territories around the world . Typical markets: China, the United States, Hong Kong, Korea, Japan, Taiwan,...
However, in recent times, exports have faced many difficulties due to a sharp decline in world consumer demand and the global economy in a period of slowing growth. High inflation and tight monetary policies in many developed countries (such as the US, EU, Japan) have caused a significant decline in purchasing power, greatly affecting the province's export of goods, especially consumer goods such as textiles, wooden furniture, electronic components, processed foods, etc.
The Russia-Ukraine conflict, tensions in the Middle East and the complexity of US-China trade relations continue to put pressure on the global supply chain, affecting input material prices and international shipping times.
Major export markets are increasingly applying trade defense measures, regulations on origin, quality standards, and traceability requirements, causing difficulties in maintaining and expanding export market share.
Meanwhile, freight rates, container shortages and congestion on some major shipping routes continue to affect businesses' costs and delivery times. Regulations on carbon emissions and environmental standards (such as the EU's carbon border adjustment mechanism - CBAM) are being tightened, while local businesses are limited in their capacity to invest in green technology and clean production, leading to difficulties in meeting the criteria of high-end markets, affecting import and export activities.
Mr. Ho Duc Dan - Director of Song Hieu Agricultural and Forestry Processing Enterprise shared: The output of exported wood chips has decreased sharply due to the decline in domestic raw material supply and competition among production facilities. In addition, China (the main consumer market) is facing difficulties due to the sharp decrease in prices of pulp and finished paper exported to European and American markets, a sharp decrease in consumption demand, and the impact of tariff measures in the US-China trade tension.
Regarding textile and garment exports, many businesses said that export orders fluctuated greatly and were unstable. Most of the orders were in the form of designated exports to the US market, making businesses dependent and making it difficult to proactively produce. Consumer demand in the international market continued to decline, consumers tightened spending, greatly affecting the ability to maintain orders and production.
Some input materials with high technical requirements such as circuit boards, chips, inductors, etc. cannot be processed or produced domestically. In fact, there have been signed assembly and production contracts that could not be implemented due to insufficient domestic technical capacity, forcing them to move to China for production. When re-importing components to complete products in Vietnam, the regional value content (RVC) ratio does not meet the requirements according to the rules of origin, causing difficulties in enjoying tariff preferences under FTAs.
According to the new regulations in the Law on Value Added Tax 2024 (effective from July 1, 2025), green coffee and rice are subject to a 5% VAT. However, rice and coffee exporting enterprises believe that this is causing a lot of pressure on capital and procedures for enterprises (enterprises must advance capital to pay 5% VAT, then complete tax refund procedures). Cash flow is therefore frozen, affecting the ability to rotate capital...
Proactively follow businesses and remove bottlenecks
Implementing Plan No. 100/KH-TCT of Working Group No. 5 according to Decision No. 164/QD-UBND dated January 21, 2025 of the Provincial People's Committee, the Department of Industry and Trade proactively grasps the difficulties of enterprises according to the growth steering group, advises and implements contents related to the work of directing the growth of the import and export sector in 2025. Proactively grasp the difficulties of export enterprises, especially enterprises with goods exported directly to the United States, the impact of tax orders on the export of Enterprises: An Son Stone, May Minh Anh, Nafoods, Frescol Tuna, Kido Vinh, Luxshare, Thanh Thanh Dat...
Directing import-export enterprises of Nghe An province to promote border trade development and export goods to the Cambodian market; Developing a resolution to support trade promotion activities for enterprises in Nghe An province, including specific policies to support enterprises in export promotion activities; implementing the Vietnam - China border trade agreement...
In 2025, Nghe An strives for a total export turnover of 4,500 million USD/target of the Congress Resolution of 1,765 million USD, an increase of 15.96% compared to 2024; achieving the target assigned in the Project "Export Development of Nghe An Province in the period 2021-2025" (Decision No. 481/QD-UBND February 25, 2022). Of which, the export turnover of goods is estimated at 4,000 million USD, an increase of 26.11% compared to 2024; achieving the target assigned in the Project "Export Development of Nghe An Province in the period 2021-2025".
Mr. Pham Van Hoa - Director of the Department of Industry and Trade said: To achieve the set goals, the industry has proposed solutions: Diversifying export markets, effectively exploiting market opening opportunities through activities connecting export supply and demand, organizing business delegations to participate in domestic fairs and exhibitions, organizing forums connecting supply and demand, connecting trade in major export markets such as: the United States, China, EU, ASEAN,...
Along with that, promote exports according to the orientation of priority commodity groups in each stage, in accordance with the developments of the world economy, taking advantage of international market opportunities as well as the domestic market. Review to support the acceleration of investment attraction projects to enter production and export, especially key industrial projects of the province, creating a large source of goods for export such as: Automobile production and assembly; electronic component production projects,...
In addition, coordinate with the Vietnam Trade Office abroad to promptly provide and handle problems related to import and export, trade defense, and technical barriers in other countries so that relevant units and enterprises of the province can have timely solutions. Continue to innovate trade promotion activities, apply AI technology to search for markets, encourage businesses to boost consumption of goods through e-commerce trading platforms such as Amazon, Alibaba, etc.
The provincial staff department builds a Resolution to support trade promotion activities for businesses in Nghe An province, which includes specific policies to support businesses in export promotion activities. Mobilize resources to invest in transport infrastructure connecting logistics services, build a "Project to develop Nghe An province into a logistics center in the North Central region by 2030, with a vision to 2045" according to the Plan to implement Resolution 39-NQ/TW dated July 18, 2023 of the Politburo.
Mr. Pham Van Hoa - Director of Department of Industry and Trade
With the drastic participation of departments, branches and sectors and the proactive adaptation of the business community, Nghe An hopes to overcome the "headwinds" of the world market, successfully completing the export target of 2025 and the 2021-2025 period.
Source: https://baonghean.vn/nghe-an-quyet-liet-go-kho-khoi-thong-dong-chay-xuat-khau-huong-toi-muc-tieu-4-5-ty-usd-10313010.html
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