The report on the export and import situation of the 8 months of the Ministry of Industry and Trade showed that the export turnover in August was estimated at 26.5 billion USD, up 6.5% over the previous month. Compared to the same period last year, export turnover in August increased by 2.5%.
Growth thanks to EVFTA
Notably, in the first month the EU - Vietnam Free Trade Agreement (EVFTA) took effect, Vietnam's export turnover to this important market reached US $ 3.78 billion. In particular, phones and components are the largest export commodity of Vietnam to the EU with more than 1 billion USD, thereby increasing the turnover of the eight months of 2020 to 6.96 billion USD.
According to the General Department of Customs, compared with the average of the first 7 months of the year, the export turnover to the EU in August was about 600 million USD higher. This is the result obtained from the positive effects from EVFTA. The effective agreement has created a great opportunity for Vietnam's exports, helping to diversify markets and export products, especially those with advantages of Vietnam, to enjoy high tax cuts such as agricultural products. , seafood, furniture, textiles, footwear, electronics, ...
Mr. Nguyen Dinh Tung, Chairman and General Director of Vina T&T, said that thanks to EVFTA, specifically the 0% tax rate, Vietnamese vegetables and fruits to the EU have many advantages compared to competitors such as Thailand, Indonesia. , Malaysia, ... "We have received the attention of many importers from the EU, thereby finding new customers. Most recently, the enterprise (DN) has exported lots of coconut, dragon fruit and pomelo. The first time to enjoy EU tax incentives In order to prepare for EVFTA, we have built a 300-hectare planting area, including: dragon fruit, longan, mango, pomelo, and rambutan which has achieved GlobalGAP certification. plans to export herbs, chili, tomato cannon, lemon ... to the EU due to relatively large market demand.The company aims to export to the EU this year to reach more than US $ 7.7 million, up 20% compared to with 2019 "- shared Mr. Tung.
The general director of this enterprise said that vegetables and fruits exported to the EU do not have to be checked first in Vietnam like other markets, but the goods arrive at the new place. If the goods fail, they will be canceled, fined, banned from export not only of that enterprise, but they may also be banned from Vietnam. Therefore, businesses exporting goods to the EU must actively control the quality of goods to prevent risks.
With rice, the Ministry of Agriculture and Rural Development said that in the eight months of 2020, rice exports to the EU reached more than 15,800 tons, worth approximately $ 8.5 million. From the beginning of September up to now, there have been 6 enterprises applying for certification of fragrant rice for EU exports to enjoy tax-free quotas with a volume of 4,300 tons. The ministry forecasts that the export of rice, including fragrant rice, to the EU from now to the end of the year will continue to increase despite the impact of the Covid-19 epidemic. In the immediate future, at the end of September, 126 tons of Jasmine 85 fragrant rice, packed in accordance with the Loc Troi Group's 18 kg specifications, will be exported to the EU under the duty-free quota.
In the fishery sector, Mr. Ong Hang Van, Deputy General Director of Truong Giang Fisheries Joint Stock Company (Dong Thap province), said that pangasius exports in August and September showed clear signs of recovery. "Before the outbreak of Covid-19, on average, our company exported 4,000 tons of pangasius per month. During the worst affected period, the export decreased to less than 2,000 tons / month. Last August, exports increased to 2,500 tons and is expected to export more in September "- Mr. Van information.
The deputy general director also predicted that in the last 3 months of the year, exports to two key markets, the US and China, both increased. Export of this item for the whole year can reach 1.4-1.5 billion USD.
Mr. Truong Dinh Hoe, General Secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), acknowledged that the seafood export industry has overcome the pandemic and is moving towards a rapid recovery to strive for the goal of turnover. the whole year is about 8.6 billion USD. The participating free trade agreements provide advantages in import and export taxes, opportunities for businesses to improve product quality, of which EVFTA, which takes effect from the beginning of August 2020, is expected to boost exports. seafood exports to the EU.
Packing fresh coconuts for export to Europe.
There are orders until the end of the year
Not out of the difficulty of the building materials industry in the Covid-19 epidemic, steel production and export nationwide are in a bleak situation. However, there are still companies that can maintain production and record significant growth in exports compared to before. Hoa Phat Hung Yen Steel Co., Ltd. has just signed a number of contracts to export SAE high quality steel coils to the African market, marking success in opening new export markets. Through multinational trading companies based in Switzerland, United Arab Emirates (UAE), Hoa Phat Steel began to export products to the potential black continent. It is expected that in September and October, the first shipments will be shipped to Kenya and Ghana with a total volume of nearly 30,000 tons. In particular, the Kenyan market is more than 17,000 tons, the rest is to Ghana.
The amount of steel exported by Hoa Phat Group Joint Stock Company in the past 8 months has exceeded 17% compared to the whole year of 2019 with over 310,000 tons, nearly double compared to the eight months of 2019. Main markets include: Japan, Korea, Malaysia, Australia, Canada, Thailand, Cambodia, Laos.
With steel pipe products, accumulated for 7 months, Hoa Phat Steel Pipe Co., Ltd. consumed the total output in the domestic and foreign markets reached 422,300 tons, of which exports increased 16% over the same period last year. Corrugated iron products also achieved positive results with an order of over 10,000 tons entering the Thai market.
With the wood industry, Mr. Huynh Quang Thanh, General Director of Hiep Long Wood Processing Company Limited (Binh Duong Province), said that the company had enough contracts to produce and process wood for export from now to the end of the year. The value of the export contract is about 4 million USD, up 10% over the same period last year. Mr. Thanh also said that due to the increase in export goods, enterprises are short of labor force about 20%. Therefore, the company is focusing on recruiting employees to meet delivery schedule. However, the recruitment at this time is facing many difficulties. Other wood processing companies are also falling into a similar situation.
According to the Binh Duong Wood Processing Association, there are more than 300 wood enterprises in the area, most of them have started working normally again. Many businesses have signed contracts with a sufficient quantity of goods for export until the end of the year. Mr. Ngo Sy Hoai, Vice President and General Secretary of the Vietnam Timber and Forest Products Association, said that the wood industry is less affected by Covid-19, so exports to August last still increased by 10% year-on-year. last. The total value of exported wood and non-timber forest products in 8 months of 2020 reached 7.7 billion USD, and is expected to reach 12 billion USD for the whole year (last year, it was 11.2 billion USD).
Mr. Nguyen Lam Vien, Chairman and General Director of Vinamit Joint Stock Company, predicted that when the Covid-19 translation is better controlled, the possibility that importers from different places will flock to Vietnam to buy goods. "Vietnam is winning the hearts of investors and buyers in the world. The European market is paying attention to Vietnam and connecting to buy and buy more raw materials. The concern is that export orders will explode in the future Currently, a number of large and well-financed enterprises are promoting mergers and acquisitions (M&A) to expand scale, consolidate internal resources, ... ready for the The association will make a breakthrough in the coming time "- Mr. Lam Vien informed.
Vinamit itself also has an order to export fresh salted jackfruit (used to process meat in dishes) to 2 new markets, the Netherlands and Spain. With two main markets, the US and China, the export has returned to normal, but according to Mr. Lam Vien, the company is exporting according to the existing plan, but there are no additional orders. "Although exports are recovering, it will be necessary to wait until traffic and trade between countries return to normal to really prosper" - Mr. Lam Vien said.
Export ash and slag for the first time
Besides finished steel, Hoa Phat Group Joint Stock Company has signed a contract to sell 1.5 million tons of steel billets to domestic and foreign markets, delivery to November. Hoa Phat is also the first enterprise in Vietnam to export. imported 2,500 tons of S95 fine mill grain blast furnace slag to Australia - the market has strict standards and strict requirements for quality. This product is used as a highly active mineral additive for the manufacture of cement, concrete, mortar or as a binder to reinforce soft ground. "With two iron and steel production complexes in Kinh Mon - Hai Duong and Dung Quat - Quang Ngai, the company can supply to domestic and foreign markets 2.6 million tons of fine crushed blast furnace slag per year" - representative of this enterprise said.
