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Export flourishes at the end of the year

​2017 will end in about 2 months. At present, enterprises in the province, especially export units, are speeding up their production.


​While export turnover of the province was not as expected in 2016, it is quite impressive this year. It is forecasted that Dong Nai can export about 2.2 billion USD in 2017, the biggest amount ever and also the highest nationwide.

Speeding up

Mr. Nguyen Duc Tuan Hai, Director of Green Leaf Company Limited (Ho Nai Industrial Park) specialized in producing handicrafts for export to European and American markets ... said that at this time of the year, all labor force of the company is focusing on production to fulfill orders from foreign markets. The company's products are available in some supermarkets in the United States with the motto of cooperation with partners in the country. "A product design team from the US has just come to the company to give advice and support so that the company can increase productivity and product quality. Export products to the US market should meet strict design and quality standards. In addition to the US market, our goods are also exported to European and Middle Eastern countries. At the end of the year, we are able to ship 4 containers of commodity per month. This year it is expected that the export turnover of the company will reach more than US $ 1 million and the market for 2018 will also show good signs," Mr. Hai said.

Similarly, Mr. Vo Thanh Tuan, Director of An Phu Thinh Joint Stock Company (An Phuoc commune, Long Thanh district) specialized in manufacturing protective clothing (clothes, gloves, footwear ...) said that his business has received many orders for 2018; particularly some Japanese partners have come to inquire and discuss the conditions to expand cooperation. "At this point, An Phu Thinh has reached 90% of production plan in 2017 and has received orders for next year. The company has increased its production capacity by 35% but we cannot meet the market demand. Due to the increase in outsourcing orders, the company is planning to expand its cooperation with garment enterprises," Mr. Tuan said.

Export flourishes

Unlike 2016 when exports did not meet the plan, in 2017 export growth rate is more optimistic. According to the Department of Industry and Trade, by the end of October 2017, the export turnover of the province reached more than $ 13.8 billion, up by 11% over the same period and Dong Nai province has a high excess of exports over imports with more than $ 1.7 billion. According to the forecast excess of exports over imports trade surplus can reach $ 2.2 billion, setting a new record and continuing to lead in excess of exports over imports nationwide (in 2016 Dong Nai’s excess of exports over imports reached 2.1 billion USD).

 

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Enterprises accelerate production at the end of the year.
 Major export markets for the past 10 months included the US with approximately $ 3.3 billion; China with over $ 1.3 billion and South Korea with approximately $ 648 million ... Many key export sectors of the province have seen high growth, such as wood products reached nearly 1.1 billion dollars , an increase of 13% over the same period; Textile and garment export turnover reached $ 1.6 billion, up by more than 10%; Footwear reached nearly $ 2.8 billion, up by more than 9% over the same period last year. Some other industries also saw high growth over the same period such as machinery, computers, and electronic products ... The export prices of some agricultural products such as coffee, cashew nuts and rubber also increased over the same period.

Vice Chairman of Dong Nai Import-Export Association Nguyen Ngoc Tuan said that in addition to maintaining traditional customers and developing new markets, many enterprises in the province have taken the advantages from the Free Trade Agreement (FTA) that Vietnam has signed. "Some businesses quickly grasp the needs of their counterparts, foreign customers and involve themselves in product chains instead of individual production. Thanks to that, goods consumption in international markets is much better," Mr. Tuan said.

According to the Department of Industry and Trade, in order to promote exports, in 2017, the Department has supported many enterprises in participating in domestic and foreign trade promotion to find more customers and orders. Besides the promotion of products in international markets, the provincial People's Committee has also held three conferences between enterprises in the province and businesses from Japan, Korea, Taiwan  that are producing in the province to create opportunities for trade connection. Through these activities, enterprises can supply raw materials and auxiliary materials to reduce imports and easily enjoy tax incentives when exporting to markets with which Vietnam has signed FTAs, such as: China, Japan, Chile, ASEAN ...

Enterprises expand manufacturing facilities

Since production has grown and the number orders has increased so many businesses in the province have plans to expand their factories. Dong Tien Garment Joint Stock Company is building another factory in Amata Industrial Park with the expected capital of 87 billion VND to meet export demand. Expectedly by the end this year, the new workshop will come into operation. Similarly, The Linh Co., Ltd. said that in 2018, the enterprise will open a new factory producing blankets, sheets, pillows and mattresses with modern machinery, producing high quality products for domestic market and preparing for export.

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