Exports seek ways to accelerate from the beginning of the year

Producing export goods at a company in Amata Industrial Park

In 2022, enterprises have planned to "accelerate" not only in traditional markets but also plan to expand exports to many new markets.

Expectations in 2022

With many foreign direct investment (FDI) enterprises and domestic enterprises who have gradually stablized and expanded their production, Dong Nai expects that in 2022, the province's export turnover of goods would increase by 8.0 - 8.5%. This year, businesses have the advantage of many signed free trade agreements that have taken effect, the tax rate has been reduced to 0%, which also contributes to increasing exports.

Ms. Mary Tarnowka, Executive Director of the American Chamber of Commerce in Vietnam said: “Currently, the U.S. is the biggest market of Dong Nai Province as well as Vietnam. In the past two years, despite the Covid-19 epidemic, the import and export turnover between the two sides still grew quite well. In 2022, the possibility of trade between the two countries will continue to increase, Dong Nai is one of the destinations chosen by many U.S. businesses to invest or sign the contracts of huge orders during the year.

In 2021, Vietnam become one of the 20 economies with the largest commercial scale in the world and a country participating in rapid and wide integration. The above factors help businesses have more advantages when accessing and expanding goods consumption markets with countries and territories around the globe. Dong Nai is one of the leading Industrial Centers of the country, so many foreign partners come to cooperate and sign major orders for a long time.

Mr. Le Quoc Thanh, General Manager of the Vietnam region of Feng Tay Group said: “The group has 5 companies in Dong Nai specializing in the production of footwear and textiles for export. From the end of 2021, the group's companies have received many high-valued orders for 2022, so they must recruit more workers to increase capacity to meet the demands of those partners. According to Mr. Thanh, two problems, if solved well this year, will increase exports of Feng Tay Group: control the Covid-19 epidemic well, and recruit enough labor resources for production lines in Dong Nai and other provinces.

Manufacturing machinery components for export at Vietnam Kaneko Co., Ltd. in Nhon Trach 3 Industrial Zone, Phase 2, Nhon Trach District.

Expand many markets

Dong Nai has carried out trade with more than 170 countries and territories around the world, but exported goods are still concentrated in some major markets such as the United States, Japan, EU, Korea, and China. The rest of the other markets have not yet been exploited by businesses. Specifically, the EU is Dong Nai's big export market, but new exporters are concentrated in 5-6 countries, the remaining more than 20 other countries in the group having very modest export turnover. Similarly, in the CPTPP, RCEP has many countries but the Vietnamese exporters only enter successfully 3 or 4 markets.

General Director of Nestlé Vietnam Co., Ltd. Binu Jacob said: “In early 2021, the company invested US$132 million in Dong Nai Province to build another coffee factory for export. Nestlé Vietnam has planned to exploit and expand export markets to many countries to take advantage of the Free Trade Agreements that Vietnam has signed.

Since the beginning of 2022, many businesses in Dong Nai have recruited more workers to increase capacity. In addition, businesses that are investing in building factories are also rushing to complete them so that they can install machinery soon and come into operation. It is estimated that this year, in the province, there are more than 80 projects in Industrial Zones that will be completed, carry out the production and their products will mainly be exported.

According to Vice Chairperson of the Provincial People's Committee Nguyen Thi Hoang, in 2022, the Provincial People's Committee will continue to coordinate with ministries, sectors, trade counselors in other countries, and Consulate General of many countries in Ho Chi Minh City to have both offline and online exchanges to directly connect Dong Nai enterprises with foreign enterprises in order to expand cooperation and export. The advantage of Dong Nai enterprise is that products that already met the strict requirements of countries such as the United States, Japan, and the EU can easily meet other global markets.                                                     

                 Vi Quan