Although many markets are suffering from inflation and exchange rate pressure reducing import demand, the proportion of Vietnamese goods in major markets remains unchanged and tends to increase.
Total import and export turnover of goods in the first half of this year is estimated at nearly 370 billion USD, an increase of about 16% over the same period last year. The trade balance of goods continues to have a surplus with an estimated trade surplus of 8.4 billion USD. This is a remarkable achievement in the context of strong market fluctuations, and also shows the efforts of export enterprises in recent times.
Bac Giang Garment Corporation said that partners are coming to place more orders, orders are abundant until the end of the year, so businesses have more options in production plans for the whole year. Previously, businesses had to sign with 30-40 customers to have enough orders for production and revenue, but now they only need to sign with 4-5 partners to meet the demand. This shows that large partners have come to businesses more thanks to improvements in productivity and capacity in design and production.
Orders may be numerous, but it is not easy to sign long-term, stable contracts, especially with major brands in the supply chain. Therefore, according to industry associations, the rate of enterprises shifting from outsourcing production to self-development and product completion models has increased sharply, in order to proactively plan long-term production and avoid fluctuations in the export market.
Mr. Duong Nguyen Thanh - Vice President of Giza Group said: "We are faced with the problem of having to do more work, getting closer to customers means understanding customer needs, and at the same time having the ability to develop products, manage supply chains and work in depth".
Exports in the first 6 months of the year are estimated at 198 billion USD, up 13.8%, a reversal from the same period last year. This demonstrates the outstanding efforts of businesses as well as management agencies. According to Vietnam's trade offices abroad, although many markets are suffering from inflation and exchange rate pressure reducing import demand, the proportion of Vietnamese goods in major markets remains unchanged and tends to increase.
Mr. Do Ngoc Hung - Vietnam Trade Counselor in the United States said: "Vietnam's exports to the United States reached nearly 44.43 USD, an increase of 22.3%. This is a high growth rate compared to the average growth rate of 15%. Currently, Vietnam is still the leading exporter among ASEAN countries when exporting to the United States, accounting for more than 33% of the total export turnover of ASEAN countries".
Good market signals are the basis for businesses to invest and increase imports of raw materials and accessories for production. This is the time when support policies on capital, interest rates, taxes and fees must play a role in providing quick and accurate support so that businesses do not miss the growth rate from now until the end of the year.
The recently issued Resolution No. 93 of the Government also requires reducing operating costs, enhancing the application of information technology, digital transformation to continue reducing lending interest rates; promoting credit growth, focusing on production and business sectors, priority sectors, and economic growth drivers. Along with that, it is necessary to support businesses to effectively utilize commitments in signed FTAs; continue to expand and diversify export markets, promote negotiations and sign new FTAs.
According to VTV
Source: https://doanhnghiepvn.vn/kinh-te/ty-trong-hang-hoa-viet-nam-o-cac-thi-truong-lon-co-chieu-huong-tang/20240625092948056
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