Since the beginning of the year, export turnover of Binh Duong has maintained high growth. In addition, businesses in the province continue to promote product design, brand building, rather than processing or export primary processing as before.

 

Major export items increased by 12-15%

Information from the Department of Investment Management and International Cooperation, Department of Industry and Trade said that Binh Duong's export turnover in 2018 continues to maintain high growth in most major export items, of which the group Main industrial products will increase by 12-15% compared to 2017. Wood products, textiles, footwear and electronic products continue to account for a high proportion, about 78.8% of total export turnover of the province; The group of agricultural products, although fluctuating in terms of export prices, still achieved 5-7% growth over the previous year. Binh Duong reached an export surplus of over $ 5 billion.

According to the Department of Industry and Trade, the province's export turnover in 2018 is estimated at $ 25,251.6 million, up 15.5% over the same period in 2017, reaching 100% of the plan in 2018. In the first 10 months of 2018, only the industrial production of the province increased 9.42% over the same period; Export turnover reached USD 19 billion 816 million, up 15.4% over the same period in 2017. For export wood processing industry of Binh Duong, export turnover in 2018 is estimated at USD 2,943.9 million, increasing 17% over the previous year.

Along with that, the US-China trade war is taking place is seen as a great opportunity for Vietnam's textile and garment industry as wave of investment and export orders are tending to move from China to Vietnam. Male. In addition, Vietnam's participation in trade agreements in recent years has been creating motivation for textile and garment enterprises to invest in the development of domestic raw materials in order to increase the localization rate. Requirement on origin of goods to enjoy preferential tariffs, contributing to increasing added value of textiles and garments for export in the coming time. In 2018, the textile and garment export turnover of the province is estimated at USD 2,649.8 million, an increase of 16.8% compared to 2017, accounting for 10.4% of total export turnover of the province. In particular, the price of raw materials for textile and apparel industry is stable, only increasing by 3 - 5% on average compared to 2017, which is an advantage for Binh Duong textile and garment enterprises.

At present, the signing and implementation of free trade agreements that Vietnam participates in, such as the Vietnam-EU Free Trade Agreement (EVFTA), the Comprehensive Partnership Agreement The Trans-Pacific (CPTPP) has been creating strong growth opportunities for Vietnam's leather and footwear export industry, especially in attracting investment in the development of supporting industries as well as promoting exports. Through the growth of export orders to the European Union and CPTPP countries. For Binh Duong, in 2018, the export turnover of footwear industry is estimated at USD 2,971.4 million, up 16.7% over the previous year, accounting for 12.1% of total export turnover of the province.

According to the Department of Industry and Trade, in the coming time, the world economy must face new risks and challenges, especially the US-China trade war which threatens to hinder the economic growth. the world, may affect the export situation of the province. Therefore, businesses in the province should be proactive, have long-term plan to take advantage of opportunities and limit the risks occur.

Increasing the proportion of localization, content of technology, knowledge

Over the past time, the provincial leaders have instructed the functional branches to recognize the shortcomings that need to be resolved in a synchronous and effective manner in order to promote the import and export activities of the province in the direction of raising the localization ratio and technological content, knowledge in key export products and support services. Besides, on the basis of the implementation of Program No 23-CTr / TU and Program No 24-CTr / TU dated 16 August 2016 of the Provincial Party Committee, Provincial People's Committee and other functional branches of the province have implemented many In particular, to speed up the renovation and increase the investment in the development of infrastructure of industrial parks and clusters, traffic networks and logistic services in order to effectively support enterprises in production. export, distribution and import and export of goods. In addition, the province is also interested in planning investment, building a support industrial cluster to attract investors to produce industrial products support for export products to step by step increase the domestic rate increase intellectual and technological content in the province's export products. In order to increase competitiveness, bring higher added value to the products of the province.

The Government, enterprises and associations in the province continue to implement the plans, plans and plans under the plan No. 3904 / KH-UBND dated 28-12-2012 of the provincial People's Committee on the implementation. Action plan to implement the strategy of import and export goods of Binh Duong province in 2011-2020 and orientation to 2030. Along with that, enterprises in the province continue to promote product design and construction instead of mainly processing or exporting in the form of preliminary processing; Localization of domestic raw materials will be ensured at the request of the producers, thereby solving the fluctuation of export prices, scarcity of raw materials on the world market.

According to the Department of Industry and Trade, the unit is coordinating the implementation and implementation of four breakthrough programs of the provincial Party Committee, in which the focus is on the project to increase the proportion of localization and content technology, knowledge in production. Major exports and support services in the period 2018-2020, orientation to 2025; The scheme of orienting the development of supporting industrial clusters in Binh Duong province up to 2020, with orientation to 2030 ... The Department is also coordinating with the functional branches to promote the content of Vietnam's commitments. Nam in the new generation of free trade agreements was signed; attract investment to develop logistics services to support export; Branding and market search for Binh Duong agricultural products.