Nghe An: Goods export turnover increased by over 20%.

In there,merchandise export valueThe estimated revenue for the first six months reached $1.1 billion, an increase of 21.48%, achieving 55% of the annual plan.

Many items saw export value growth compared to the same period in 2021, such as: Mobile phone components (estimated at $218.9 million in the first six months, up 75.5% compared to the same period in 2021); Textiles and garments (reaching $215 million, up 25.75%); Wood chips (reaching $122.8 million, up 31%); Footwear (reaching $19 million, more than eight times higher than the same period in 2021); Plastic additive granules (reaching $16.3 million); Wood pellets (reaching $12.4 million, up 634%); Wood chips (reaching $105.5 million, up 27%); Stone (reaching $70 million, up 25%); and Petroleum products (reaching $12 million, a tenfold increase compared to the same period in 2021).

Textiles and garments remained a sector with high export turnover in the first six months of 2022. Photo: Thu Huyen

The export market has expanded through diversification and effectively utilized the markets covered by the Free Trade Agreements (FTAs) that Vietnam has signed. Nghe An businesses have exported to approximately 120 countries and territories worldwide, with export values ​​to some key markets including: China (estimated at US$256.3 million), South Korea (US$141.8 million), Hong Kong (US$127.8 million), the United States (US$109.3 million), Switzerland (US$61.6 million), etc. Some new export markets this year include: Sao Tome and Principe, Costa Rica, Equatorial Guinea, Niger, Djibouti, Palau, New Caledonia, Armenia, etc.

In the first six months of 2022, over 280 businesses in the province participated, including 178 local businesses and 103 businesses from outside the province.export of goodsof Nghe An province.

According to statistics, 9 businesses achieved export turnover exceeding 20 million USD; 21 businesses achieved turnover of 10 million USD or more. Several prominent businesses regularly participate in export activities and achieve significant turnover (over 30 million USD), specifically: Hoa Sen Group Joint Stock Company, Thanh Thanh Dat Company Limited, Merry&Luxshare Vietnam Company Limited and LUXSHARE - ICT (Nghe An), Minh Anh Do Luong Garment Joint Stock Company, Minh Anh - Kim Lien Garment, Kido Vinh Company Limited, and Em-Tech Vietnam Vinh Company Limited.

Mr. ChaeSang Lim, General Director of Y-Mart Company (South Korea), inquired and exchanged information during a recent preliminary meeting with businesses in Nghe An province to explore product opportunities for export to South Korea. Photo: Thu Huyen

Besides the encouraging results achieved, export activities in the first six months of 2022 also faced difficulties and challenges such as: high transportation costs, and continuously rising energy and raw material prices due to the impact of the Russia-Ukraine conflict. For agricultural products crossing the northern border into China, congestion at border crossings (Kim Thanh-Lao Cai, Mong Cai-Quang Ninh, etc.) frequently occurred, causing delays in goods delivery.

In addition, China is increasingly strengthening its law enforcement efforts.border trade policyThe focus is on strengthening supervision and strictly enforcing regulations on the import of agricultural and aquatic products along the land border, through measures such as traceability, packaging specifications, and food safety and hygiene. Export businesses to Laos are facing many difficulties due to the continuous depreciation of the Kip. The tense situation of the conflict between Russia and Ukraine has altered the transportation of goods to Russia, making direct shipments impossible and requiring transshipment through ports in Asia.

Goods exported through Cua Lo port. Photo: Thu Huyen

According to the leadersDepartment of Industry and TradeIn 2022, Nghe An province aimed for an annual export turnover of US$2.35 billion, including US$2 billion in merchandise exports. To achieve this goal, the Department of Industry and Trade regularly monitors import and export activities and identifies difficulties and obstacles faced by businesses. It is also actively promoting export market development through activities connecting supply and demand, participating in international trade fairs and exhibitions, and organizing trade delegations. This aims to diversify markets for the province's export products, avoiding dependence on a single market and minimizing risks.