(Quang Ngai Newspaper)- Due to many reasons, the export turnover of Vietnam in general and Quang Ngai in particular is currently decreasing sharply. Export is also one of three important contents that Prime Minister Pham Minh Chinh directs ministries, branches and localities to take strong actions to support enterprises to overcome difficulties and stabilize business.
Export turnover decreased
Export turnover of Quang Ngai from January to April 1 tends to stay at an average level, only about 4-2023 million USD/month and has unstable growth. At the end of 160 months, the export turnover of the whole province reached only about 200 million USD, down 4% compared to the same period in 720. Exports of all industries decreased, such as processed seafood, furniture, wood chips, paper materials, garments, FO oil, fibers, textile fibers, fabrics. Although steel exports contribute to a large export turnover, in April it decreased by 2022% and in May is expected to continue to decrease.
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| The woodchip export port in Dung Quat Economic Zone is empty of ships to receive goods than before due to a sharp drop in orders. |
According to information from the provincial Customs Department, currently, a series of export enterprises face many difficulties, export turnover has decreased, leading to a deep decrease in budget revenue in this field. Total budget revenue from exports by the end of May 5 was only about VND 2023 billion, equivalent to 3.000% of the assigned target, down 37% compared to the same period in 43. In which, Hoa Phat Dung Quat Steel Joint Stock Company and Binh Son Refining and Petrochemical Joint Stock Company contributed 2022% of the total revenue, the remaining 90 enterprises only accounted for 400%.
According to the Department of Industry and Trade, the reason for the decrease in exports is the decrease in import demand of the world market. This is a consequence of high inflation and the effects of the Russia-Ukraine conflict, the tension in trade relations between the US, Europe and China. In addition, the current trend of some importers is smaller orders, fast delivery times. There are orders with production and delivery time in just 5-7 days, requiring higher quality ... making export enterprises unable to afford.
Accompanying and removing difficulties for businesses
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“In the context that European and American markets are facing difficulties due to a sharp decrease in purchasing power, exports still have the opportunity to exploit Asian markets, taking advantage of the rapid recovery of markets in ASEAN and some countries such as Japan and South Korea. Quang Ngai expects export activity to recover and increase again by the end of this year when it is at the peak of exports. Therefore, from now on, the Government and the Provincial People's Committee need to consider and promptly remove obstacles and difficulties that exporters have proposed related to reducing interest rates, reforming administrative procedures, reducing land rents ... ".
Deputy Director of Department of Industry and Trade
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Prime Minister Pham Minh Chinh signed and promulgated Official Dispatch No. 238/CD-TTg dated April 10, 4 on promoting production, business, construction investment and import-export in the coming time. In particular, it is required that functional agencies and localities must be active, proactive, focus on drastic direction, guide handling and remove obstacles in legal, administrative procedures, access to capital, business conditions, bank liquidity, debt and taxes, fees and charges... so that enterprises can overcome difficulties and stabilize operations.
In Quang Ngai province, difficulties in export are very obvious, especially for the garment industry. Many enterprises processing this item for export are having to cut workers and reduce management costs; At the same time, focus on finding orders to maintain operations. The reason for the difficulty is said by enterprises, mainly due to objective reasons, specifically, orders are currently decreasing, about 20-40% compared to the same period in 2022, due to reduced export market demand. According to a representative of Vinatex factories in Quang Ngai, although it was predicted that the world's total demand for textiles and garments would decrease by 6 - 10% in 2023, businesses did not expect a sharp drop in orders from the first quarter of 2023. New mining orders are of small value, with unit prices 20 - 50% lower, but unstable.
The province's export sector attracts about 400 businesses, making an important contribution to creating a growth engine for Quang Ngai's economy. Therefore, properly recognizing the difficulties and obstacles of the export industry in order to come up with solutions to solve them is very necessary in the current situation.
Articles, photos: THANH MINH
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