Vietnam’s import and export turnover from the beginning of the year to now is more than US$230 billion, a decrease of 15.4 percent or $42.1 billion over the same period last year. Of which, export turnover reached $118.58 billion, down 12.8 percent.
Right at the first working week of the new Lunar year, many companies, especially those in the food processing industry, are accelerating their production to fulfill their export orders.
Ho Chi Minh City exports were up 5.9 percent to reach US$7.38 billion in the first two months of the year, according to the municipal Statistic Office.
On the first days of the new year 2022, many businesses have accelerated production to meet orders of millions of US dollars. Many of them even have planned to expand their production scale to receive orders that are moving from countries in the region to Vietnam.
Despite the complicated developments of the Covid-19 pandemic, the export turnover of Vietnam still achieved positive results of US$27 billion in September, down 0.8 percent compared to the previous month and 0.6 percent year-on-year. As soon as Ho Chi Minh City gradually reopens, many enterprises accelerate export activities.
Eighteen percent of orders of European enterprises have moved out of Vietnam. Previously, many large FDI enterprises of Japan and South Korea had also informed Vietnamese enterprises producing supporting industrial products about moving some orders to neighboring countries. To avoid the risk of disruption in the domestic supply chain, Vietnamese enterprises have applied many solutions to maintain production.
According to the Trade Promotion Agency under the Ministry of Industry and Trade (MoIT), many orders from foreign enterprises have been sent to domestic exporters. However, the disruption of circulation, especially the circulation of goods at seaports, along with the reduction in production capacity of enterprises has caused many domestic enterprises to hesitate to receive orders.
Although the developments of the Covid-19 pandemic remain complicated and unpredictable all over the world, the garment and textile industry still receives good news when orders have become plentiful again, enough for domestic enterprises to produce from now until the end of the year.
The Ho Chi Minh City Textile and Garment - Embroidery Association said that the number of orders of garment enterprises in the city has continuously declined, merely equal to 40 percent compared to the same period last year.
After the Tet holidays, many businesses have rushed to resume operation to meet highly increasing export orders, signaling a prosper year for production activities.
