Prospects for Exports of Key Industries (23/4)
23/04/2012 - 20 Lượt xem
In
2011, total export revenue of global garment and textile products was
estimated at US$480 billion. Although Vietnam was in the top five
exporter, its export revenue only accounted for three percent or about
US$14.5 billion. Meanwhile, the value for domestic consumption of the
sector last year was only US$4.5 billion. It means that Vietnamese
enterprises need to regain their market shares for both low-grade and
high-grade goods categories. The Deputy General Secretary of Viet Nam
Textile and Apparel Association (VITAS) Nguyen Van Tuan said that this
is time when Vietnamese enterprises need to promote internal forces,
shift to intensive development and head towards higher mode of
production such as ODM and OBM so that they can get closer to customers
and satisfy their demand.
Tuan
also said that with efforts made by enterprises and under close
direction of the Government, in 2012 the Vietnamese garment and textile
industry is expected to grow by 25 percent with total revenue reaching
US$25 billion, in which export revenue could be from US$19 to 19.5
billion. In 2013, the sector will begin to achieve success thanks to
the global economic recovery, especially the effect of the
Trans-Pacific Partnership Agreement (TPP), scheduled to be signed in
2013. This agreement will be an important motive force that boosts the
development of garment and textile industry as the sector will get tax
preferences when exporting to many countries in the Asia - Pacific
region. Total revenue of the sector is forecast to reach US$31.25
billion in 2013; US$36.94 billion and US$42.48 billion in 2014 and
2015, respectively.
However,
to wait in front for the TPP Agreement, right now the sector needs to
increase its capacity in fabric dying and finishing technologies, which
is currently at 800,000 meters per year. The demand for production is
six million meters per year and the remainders have to be imported.
As
for the wood processing industry, Tran Quoc Manh Vice Chairman of Ho
Chi Minh City's Handicraft and Wood Industry Association (HAWA) said
that in the first quarter of this year, wood processing exports reached
nearly US$1 billion. The leading export markets includes the US (nearly
40 percent), Japan (15 percent) and China (12.2 percent). The products
for exports are mainly bedroom furniture (accounting for 25.3 percent)
and guess room and dining room furniture (19.8 percent). Currently, the
sector still has to import around 70-80 percent of the materials for
export processing with largest import market is from Laos (accounting
for 30.8 percent), followed by the US (14.1 percent) and China (8.9
percent). The good sign is import proportion is on the decline as the
State policy to grow forests for materials to gradually replace imports
is showing effectiveness. It is predicted that by 2020 the forest area
for production will reach 8.4 million hectares and timber production
will be around 22 million cubic meters.
The
prospect for wood processing industry is so bright as global economy
bounces back, especially the US economy. Now Vietnamese wooden products
are able to compete with Chinese ones and join the global supply and
value chains. On the world wood processing map, although Vietnam is
dubbed as the "capital city" in the South East Asia region, the sector
is appealing to the Government for support in setting up bonded
warehouses in big markets such as the US and EU so that exporters can
supply their products in time for consumption, the most profitable
phase in the chain.
In
addition to garment and textile and wood processing, fishery sector has
also attained many achievements beyond expectation. In the first
quarter of this year, fishery exports revenue reached US$1.2 billion,
up 13 percent compared to the same period last year, in which export
values of shrimp, Tra fish and tuna were US$400 million, US$420 million
and US$110 million respectively. The General Secretary of Vietnam
Association of Seafood Exporters and Producers (VASEP) Truong Dinh Hoe
said that fishery exports in 2012 still face many difficulties and
challenges such as unstable material sources and soaring production
costs, leading to higher price of seafood products. In addition, both
enterprises and growers lack capital for their production and business
operations. Therefore, banks should continue to supports enterprises by
restructuring their debts or providing loans with lower interest rates.
According
to experts, Vietnam seafood market won't be active again until June
this year. Tra fish exports to the US will be post a stable growth
whereas exports to EU will decline. Exports of tuna and other seafood
products will continue to increase in EU, Republic of Korea, the US and
Japan. In 2012, Asia is set to be the target market for export
businesses while South America, Africa, Australia, Canada and Russia
will be potential markets for Vietnamese seafood.
At
the seminar, most participating enterprises of the three industries
supposed that lack of capital is the urgent issue at the moment.
Therefore, the priority of enterprises this year is to access loans to
mobilize capital for their production and business activities to
increase exports./.
Source: EVN
Source: EVN
