Promising start envisages exportation growth

After the Lunar New Year holiday in 2024, many businesses in Binh Duong province have resumed production, with export orders coming in from the early days of the new year, providing motivation for businesses and workers. To boost the export activities of businesses in the province, Binh Duong is implementing various support solutions.

To promote the import and export activities of enterprises in the province, Binh Duong is implementing accompanying solutions to maximize convenience. In the photo: Goods for import and export gathered at Binh Duong General Port.

Acceleration at the beginning

After the Lunar New Year holiday, workers at enterprises have returned to work stably. Many companies have also conducted year-beginning meetings, lucky money giving, gift-giving, and encouraged workers to create an enthusiastic atmosphere, actively producing to meet new orders.

Mr. Ngo Tuan Hung, Deputy Head of the Import-Export Department of R-PAC Company, shared that the manufacturing and exporting activities of the enterprise are currently showing many positive signals. R-PAC Vietnam Co., Ltd specializes in producing and supplying a variety of products such as electronic packaging, component trays, paper boxes, garment labels. The company is keeping on to expand production facilities, diversify products, and produce high-quality, environmentally friendly packaging products to better meet the increasing needs of customers. Having more orders right from the beginning of the year not only brings peace of mind to employees, but is also a driving force for growth, helping the company complete the plan set for 2024.

In 2023, high inflation in many markets might cause consumers to tighten spending; the trend of increasing interest rates and narrowing monetary and fiscal policies in many countries will also affect the operations of import and export. However, businesses have tried to overcome difficulties to quickly consolidate their organizations, recruite more human resources, and restart some production lines. In particular, many businesses have expanded their consumption markets, looking for more orders in many different countries.

According to Mr. Nguyen Thanh Binh, Deputy Director of Binh Duong Customs Department, during the 7 days of Tet holiday, Binh Duong Customs Department handled import and export procedures for 16 businesses with 88 declarations. Total turnover reached more than 8 million USD. Main products included machinery and equipment, interior products, steel, cosmetics, scrap paper, fabric softener, car tires.

Having just completed export procedures for orders on the first day of the new year at Thu Dau Mot Customs Branch, Mr. Bui Thanh Phong, in charge of import-export department, Tin An Investment Joint Stock Company excitedly said that the orders were signed at the end of 2023 and early 2024, then exported right after the Tet holiday. On average, each month, businesses have carried out customs procedures about 180 import and export declarations for 300 containers of goods. Currently, the company has many more long-term orders. The positive signs at the beginning of the new year are the motivation for the company to have more spirit and determination for a successful business year.

Expectation for obstacle overcoming

A report from the Binh Duong Statistics Department showed that in January 2024, total import-export turnover reached 4.5 billion USD, of which export turnover reached 2.7 billion USD, an increase of 44% over the same period last year. Some major export items had high growth, including furniture products increased by 205.3%; iron and steel and iron and steel products by 162.3%; handbags, leather wallets, backpacks, hats, umbrellas by 161.2%; footwear of all kinds by 127.9%; textiles and garments by 126.4% over the same period last year.

Mr. Pham Trong Nhan, Director of the Department of Planning and Investment, said that to restore and promote the province's economic growth from the first quarter and the whole year 2024, Binh Duong is actively implementing many solutions to support businesses. The province has directed sectors at all levels along with investors and businesses in the province to remove difficulties, continue to support production and business, promote import and export activities, and take advantage of time to speed up the recovery process. socio-economic recovery and development of the province.

Mr. Huynh Quang Thanh, General Director of Hiep Long Company, said that a positive signal for wood exports is that in the fourth quarter of 2023 orders increased more. Therefore, in 2024, Vietnam's furniture exports will recover along with the recovery momentum of the world economy and can achieve better growth than in 2023. However, the export process of businesses is still slow, the market is slowing down. In addition, exporting is becoming more and more difficult due to increasingly strict product production standards in other countries, requiring businesses to proactively and flexibly adapt.

To promote export activities of businesses in the province, the province's functional agencies are implementing many solutions to facilitate businesses through promoting reform, modernization, and shortening time and costs. fees for customs clearance procedures; focus on supporting businesses to promote e-commerce, access export information channels to find new markets, closely monitor the situation of each market to review and identify the types of goods that countries are in need of exploitation. In particular, logistics infrastructure is one of the province's priority tasks to develop. Binh Duong is still prioritizing allocating resources to carry out new construction, upgrading and expansion of key transport projects and works to help businesses' export goods become more and more quickly cleared, reducing time and cost.

Reported by Ngoc Thanh – Translated by Vi Bao