Exports - Driving force for economic growth

Export turnover increased

In the first quarter of 20025, the export and import situation achieved many positive results, the main products of the province such as aquatic products, vegetables, leather and footwear, garments... all had export turnover increased compared to the same period. Specifically, the total export and import turnover of goods is estimated at 486.4 million USD, up 2% compared to the same period. Of which, the export turnover is estimated at 302 million USD, up 0.46% compared to the same period; the import turnover is estimated at 184.7 million USD, up 5.39% (55 million USD). The main product of the province, exported aquatic products reached over 39,000 tons, equivalent to 80.25 million USD, equivalent in volume and increased by 5% in turnover compared to the same period. Exported rice reached 32,000 tons, equivalent to 16 million USD, down 68% in output and down nearly 73% in turnover compared to the same period. Fruits and vegetables achieved impressive export figures of over 35,000 tons, equivalent to 21 million USD, equivalent to output and up 19% in turnover over the same period. Garment (clothing) exports reached 74.6 million USD, up 22% in turnover over the same period; exceeding 49% of the scenario for the first quarter of 2025 (50 million USD).

Fruit and vegetable export

According to Director of the Department of Industry and Trade Nguyen Minh Hung, taking full advantage of the premise from 2024, when import demand from markets of key products tends to increase. Along with the advantages of Free Trade Agreements (FTAs), expanding the market to boost exports, the export situation of goods in the first quarter of 2025 is relatively favorable. In particular, the number of orders for rice has decreased sharply, the reason is that India has resumed rice exports, Indonesia is a large market that has promoted food self-sufficiency, only importing in small amounts; the Philippines also limited purchases due to abundant inventories, leading to a sharp decrease in the province's rice exports in terms of output and price.

Border trade activities between An Giang province (Vietnam) and provinces and cities (Kingdom of Cambodia) are still taking place smoothly and openly. The customs clearance process of goods is carried out by the border customs branches in accordance with regulations and creates favorable conditions, reducing costs for businesses. In the first quarter of 2025, the total import and export turnover through border gates in the province is over 478.6 million USD.

Important motivation

Import and export are considered one of the important driving forces of the economy . An Giang currently has 73 export enterprises (15 rice enterprises, 40 seafood enterprises, 16 garment - footwear enterprises, 2 frozen vegetable and fruit enterprises). The Provincial People's Committee said that in the period of 2021 - 2025, the total export turnover of the province reached over 5.93 billion USD, an increase of 42% compared to the period of 2016 - 2020 and exceeding the plan by 12%. Many key products of the province such as rice and seafood have significantly expanded their export markets, making good use of incentives from FTAs. Typically: With the Regional Comprehensive Economic Partnership Agreement (RCEP), rice products have reached 10/14 member countries; seafood is present in 13/14 member countries. With the European Union - Vietnam Free Trade Agreement (EVFTA), An Giang rice is present in 14/27 member countries of the European Union. With the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), An Giang rice is present in 11/11 member countries...

Mr. Nguyen Minh Hung said: To support enterprises, the province has implemented a plan to implement the Strategy for Import and Export of Goods. Inform enterprises about regulations on import tariff quotas for salt and poultry eggs in 2025; about the Trade Promotion Agency - Ministry of Industry and Trade organizing trade and investment promotion delegations in a number of countries: Italy, Switzerland, the United States, China, Korea, Japan, the Czech Republic and Slovakia... Review the operation situation and maintain business conditions for rice export at export enterprises; remove difficulties and solutions for rice export; advise the Provincial People's Committee to focus on directing the promotion of production and business development.

Garment export in industrial park

According to enterprises, besides the general difficulties in the world situation, the biggest difficulty for enterprises today is finding and expanding new markets and assessing the internal capacity of enterprises. International market demand is affected, export orders decrease, transportation and warehousing costs, and service costs increase. Enterprises also face common difficulties such as lack of raw materials, leading to high raw material prices; meanwhile, accessing loans for production and business is difficult, due to high loan interest rates, low loan support...

The Department of Industry and Trade continues to study and implement the Strategy for Import and Export of Goods. Closely monitor developments in border trade policies; promptly forecast, assess and deploy timely solutions to support businesses to flexibly adapt, stabilize and develop customs clearance activities. Support businesses to promote the export of key products: Rice, vegetables, tra fish... to demanding markets, such as: European Union, Japan, Canada, Belgium, Dubai, UAE (United Arab Emirates)... to maintain export turnover for businesses. Support businesses to access and fully exploit FTAs ​​and new generation FTAs, trade promotion programs, domestic and foreign trade connections...

HANH CHAU

Source: https://baoangiang.com.vn/xuat-khau-luc-day-tang-truong-kinh-te-a419246.html