Export increases

​According to the Department of Industry and Trade, the province's export turnover in October 2021 reached more than US$1.43 billion, an increase of nearly US$300 million compared to the previous month. Thus, in the first 10 months of 2021, Dong Nai has exported nearly US$17.52 billion, an increase of more than 15% compared to the same period in 2020. It is expected that in the last 2 months, export turnover will continue to increase.

Footwear accounts for the largest export turnover.

Despite the pandemic, Dong Nai has 5 items with export turnover exceeding US$1 billion, including footwear, wood products, textiles, textile fibers, machinery equipment, tools, and spare parts. In which, the group of export products with the largest turnover is footwear with nearly US$2.72 billion; followed by machinery, equipment, and spare parts with more than US$1.73 billion; wood products nearly US$1.52 billion; textile fiber more than US$1.5 billion and textile nearly US$1.28 billion. It is expected that by the end of December 2021, Dong Nai will have 2 more export products exceeding US$1 billion, which are computers, electronic products and components; means of transport, and spare parts.

Mr. Yoo Sun Hyung, Vice General Director of Hyosung Vietnam Co., Ltd (Nhon Trach 5 Industrial Zone, Nhon Trach District) said: "It is estimated that in 2021, Hyosung's revenue will still reach US$2.7 billion. The company's products are more than 90% exported to many countries around the world. Currently, Hyosung is still recovering, and ordering for the end of the year and the beginning of next year are quite abundant. Hyosung is a major yarn producer and exporter in the world.

Although facing many difficulties during the 4th pandemic, many enterprises confirmed that this year's export turnover will still increase compared to 2020.

Mr. Luu Chau Bang, Human Resources Administration Director of Vietnam Center Power Tech Co., Ltd (Nhon Trach 2 Industrial Zone, Nhon Trach District) shared: “This year, many countries around the world have managed to control the pandemic, restore production, so orders for the company are also more. Therefore, during the time of social distancing, many businesses have to reduce production, but the company still tries to maintain nearly 100% of capacity to meet orders. It is expected that in 2021, the company's revenue will increase by over 10% and exports will increase significantly because the products made are mainly for export.”

Approximately double the plan

The province's plan in 2021 is that export turnover will increase from 8.1 to 8.5% compared to 2020, but in the first 10 months of the year, despite great losses from the Covid-19 pandemic, exports still nearly increase 2 times than the annual plan. That result is because businesses in the province take advantage of the Free Trade Agreements that Vietnam has signed and taken effect. The agreements that open up many opportunities for Dong Nai's exports are the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnam-European Union Free Trade Agreement (EVFTA), Vietnam-Japan Economic Partnership Agreement, etc.

Mr. Park Hyun Bae, Chairman of the Association of Korean Enterprises in Dong Nai assessed: "Korean enterprises in Dong Nai have prepared in advance so that when the Free Trade Agreements are signed, they will seize opportunities, expand exports to these markets to enjoy preferential tariffs, increase the ability to compete with goods from the same type of other countries. Many Korean enterprises in Dong Nai have been very successful when taking advantage of opportunities from the Free Trade Agreements to expand and export product.” This is also the reason why for during the last 5 years, the investment capital of Korean corporations in the province has continuously increased, reaching more than US$7.1 billion.

According to Mr. Le Van Loc, Vice Director of the Department of Industry and Trade, the pandemic has been controlled, workers in enterprises have been vaccinated with Covid-19 vaccine, the industry recovery rate is quite good. Rapid industrial recovery will help increase export turnover. This year, the export turnover of Dong Nai is likely to be far from the expected plan set out by the Provincial People's Committee.

Vi Quan