There are many "obstacles"!

Over the past nine months, industrial production has grown by 4.8%, export turnover has increased by 18.9% compared to the same period in 2011; of which 22 items have export turnover of over 1 billion USD, an increase of 3 items. However, the challenge to completing the target for the whole year 2012 is still many, when product inventory is still high and exports have to compete fiercely in the narrowing market conditions.

Low production growth, fierce export competition

According to the Ministry of Industry and Trade, industrial production in the first nine months of the year grew but at a low rate. Of which, the processing and manufacturing industry group only increased by 4.2%, much lower than the 10.7% increase in the same period due to low purchasing power in the domestic and foreign markets, while inventories of some industries remained high. As of September 1, the inventory index of the processing and manufacturing industry increased by 20.4% over the same period; of which, inventories of cement, iron, steel, and cast iron increased by over 40%. The major difficulty is still the high demand for capital but access to credit sources is still limited, affecting production and business investment efficiency.

Although the average export turnover in the first 9 months reached 9.3 billion USD/month, the highest level ever, the export of domestic enterprises decreased by 0.6% compared to the same period. In addition, the export price of agricultural, forestry and fishery products decreased sharply, causing a loss of more than 1.8 billion USD. Some key products such as textiles, footwear, and wood products have large scale but the growth rate is lower than the general export growth rate of the whole country, showing the difficulty in finding markets, especially for small and medium enterprises. Cashew export turnover reached over 1 million USD, an increase of nearly 30% compared to the same period but did not achieve the desired results. Growers still face difficulties due to decreased productivity, output and low selling prices. Many large enterprises out of 300 export hubs and thousands of cashew processing facilities have gone bankrupt. Aquaculture has not yet achieved growth compared to the same period last year and the target of 6.5 billion USD in export turnover for the whole year is very difficult due to the narrowing market, while having to compete fiercely with products from India, Thailand... In particular, shrimp exports to Japan - Vietnam's largest export market, continue to face difficulties due to Japan increasing the frequency of testing for Ethoxyquin in shrimp. Meanwhile, the price of aquatic feed and transportation costs increased by 700 USD/container while the selling price of aquatic products did not increase.

Continue to reduce costs, reduce inventory

According to the Ministry of Industry and Trade, with the current situation, the industrial production index for the whole year of 2012 is expected to increase by 5.4%, export turnover will reach 113 billion USD, up 16.6%, trade deficit will be about 1 billion USD, equal to 0.9% of export turnover.

To achieve this goal, manufacturing enterprises must continue to reduce costs, clear the output of goods by strengthening the distribution system so that products reach consumers at the lowest price, reduce inventory; encourage domestic consumption to stimulate production development. To remove difficulties for enterprises, the Ministry of Industry and Trade will continue to implement trade promotion programs to clear the market; effectively organize information work, market forecasting to promptly notify management agencies and enterprises, associations to proactively coordinate, prevent and promptly resolve arising incidents; coordinate with the Ministry of Finance to support enterprises in accessing export credit capital, promote credit guarantee activities for small and medium enterprises, create conditions for enterprises to access capital, flexibly adjust export and import tax rates and facilitate customs procedures in the direction of maximum support for production, promote exports.

According to economic experts, to overcome the inventory situation, in addition to reducing production costs and lowering product prices, businesses must also actively seek customers; at the same time, consider applying the form of barter for businesses whose products are input materials of other businesses.

According to (Hanoimoi.com.vn) – HV