Promoting export of goods

Khanh Hoa Province sets a target of exporting goods to reach 2 billion USD in 2024. In the context of fierce market competition, appropriate steps are needed to accomplish this goal.

According to a report from the Department of Industry and Trade, in 2023, the province's export turnover reached more than 1.75 billion USD, an increase of 5.94% compared to 2022, reaching 100% of the target. Of which, the private economic sector accounted for the largest proportion with about 59%, reaching more than 1 billion USD, followed by the foreign invested economic sector with about 37.4%, reaching more than 654.6 million USD; State economy with 60.7 million USD; and collective economic output with 1.94 million USD. Seafood was the largest export, worth more than 729 million USD (with 101,750 tons of all kinds), but decreased by 1.75% in value. Textile and garment export turnover reached more than 77 million USD, down 20.18%. Other items like coffee, tobacco products, ships... increased in value.

In the implementation of free trade agreements (FTAs), in 2023, the Khanh Hoa Regional Import-Export Management Department issued 3,983 certificates of origin (C/O), mainly to the European Union (30.59%), Korea (23.37%), China (8.46%), Japan (10 .02%) and Asean countries (13.86%).

Goods for export loaded onto ships at Nam Van Phong International Port

According to Le Huu Hoang - Permanent Vice Chairman of the Provincial People's Committee, in order for exports in 2024 to achieve the set target, the Department of Industry and Trade must regularly organize dialogues between state agencies and businesses to promptly grasp and remove difficulties and obstacles in import-export activities of businesses in the area. At the same time, the provincial department need closely coordinate with the Ministry of Industry and Trade to strengthen forecasting and early warning to businesses of goods that may be at risk due to trade defense investigations. Businesses need to actively participate in training conferences on FTAs which Vietnam is a member of, especially new generation FTAs. In addition, businesses need research and apply advanced science and technology into production; enhance digital transformation and e-commerce; use raw materials of clear origin and in accordance with regulations; take advantage of the State's support policies for businesses applying advanced science and technology in production; diversify export markets, aiming for sustainable export.

Dinh Lam
Translated by T.T