Tin mới
Export difficulties to be removed (07/8)
07/08/2012 - 12 Lượt xem
According to statistics, the total national export value reached US$53.2 billion in the first half of this year, accounting for 49 percent of the annual plan while up 22.2 percent compared to the same period last year. However, the group of agricultural products, forest products and seafood marked a low growth of just 8.4 percent compared to the same period last year on account of difficulties in their import markets.
According to experts, in addition to reduced orders due to the global economic crisis and the debt crisis in Europe in recent years, this group has faced more technical barriers at their import markets. For example, Japan applied the Ethoxyquin standards for Vietnamese shrimp products and EU warned Vietnam of pest-infected fruit and vegetables and declared to stop importing if discovered. Thus, it is clear that low quality products will be at risk of losing many major markets such as the US, Japan, and the EU.
The processed commodity group continued to contribute to the national export growth in the first half of this year due to an increase in export ratio from 58.6 percent in the same period last year to 63 percent. However, this group also encountered trade barriers related to quality, regulations on chemicals, environment, and anti-dumping investigation.
Deputy Minister of Industry and Trade Nguyen Thanh Bien said, "In the context of present market conditions, the structure of exports in the remaining months of this year should be based on industrial and processing commodity groups because many of our agricultural and forestry products, seafood items, and minerals are getting lowered export prices and no longer competitive as in the previous year. The industrial and processing commodity groups are regarded to have huge potential for development as the world market demand is increasing. For example, exports of electronic appliances, computer components, and mobile phones have grown considerably and are likely to continue growing in the near future."
According to many domestic exporters, there are still many difficulties emerging in the remaining months of this year such as the rough access to bank credit. Although banks are implementing policies aimed at pull down interest rates but in fact many banks have not really travel with exporters. So, to achieve the annually planned export revenue of US$109 billion, domestic exporters have proposed to the Ministry of Industry and Trade to quickly solve the shortage of capital and to focus on export market expansion in potential markets such as Hong Kong, the Republic of Korea, Thailand, Malaysia, and Myanmar.
Deputy Minister of Industry and Trade Nguyen Thanh Bien acknowledged that the completion of the 51 percent remaining export target was not easy in the face of current difficulties. The Ministry of Industry and Trade will actively coordinate with relevant ministries and state agencies to help domestic exporters with removing difficulties in capital, interest rates, and taxes in accordance with the government guidance and the ministry's project for removing export difficulties already submitted to the Government for approval. However, domestic exporters should also make efforts in their manufacturing and trading restructuring, product diversification, and market expansion so as to increase their competitiveness. The Ministry of Industry and Trade will also see to favoring export companies with easy access to export credit, boosting credit guarantees for small and medium enterprises, and offering flexible export and import tax rates.
In addition, the Ministry of Industry and Trade has asked departments of industry and trade in provinces and cities to cooperate with export associations to review and make a list of exporters in troubles with investment capital, loan interest rates, and restructure in order to prepare action plans to help them.
Regarding trade promotion activities, the Ministry of Industry and Trade will give priority to the National Trade Promotion Scheme which pose a great importance in the potential export markets although the state funding for trade promotion this year is set to decrease. In the remaining months, the Ministry of Industry and Trade will improve tasks of export statistical collection and market analysis to provide useful information for exporters. It is suggested that exporters should increase participation in the national export credit support program to reduce risks in payment settlement with partners in the Africa, Middle East, and China./.
Source: VEN.
Source: VEN.
