Export turnover in 2010
is continuing favorable trend and is likely to reach 70.8 billion USD,
up 24% compared with 16.5 in 2009 and increased compared with the year
plan.
According to data of the
Ministry by the Ministry of Trade and Industry announced in briefings pm
29/11 import, export turnover in November was estimated at 6.45
billion, up 3.6% compared to March 10.
Seen from this year,
exports in August this month only poorly (6.86 billion USD turnover) but
higher than all the rest. If not for groups of
gems, precious metals and products (in August exports 774 million in
November while just $ 30 million), this is the month with the highest
export turnover from the beginning of the year.
As of May 11, export
turnover is estimated at over 64.3 billion dollars, up 24.4% over the
same period in 2009, contributing to GDP growth and continuing evolution
in a positive way with favorable factors on
prices, orders, market such as rubber, pepper, oil, textiles, wood
products ... Thus, even 11 months, average monthly export of 5.86
billion dollars, higher plans than the average
(60.5 billion plan year, an average of 5.04 billion dollars per month).
Of the total of the main
items appear in the report of the Ministry of Trade and Industry, the
only crude oil, cassava and cassava products from the reduction in
turnover over the same period, remaining relatively high growth,
typically rubber , cashew, rice, chemicals
and products, iron and steel, vehicles and parts, wire and cable,
machinery tools and spare parts ...
Has more nuts and oil in
the group with exports over $ 1 billion.
Textile export remained
No. 1
As one of the key export
sectors of Vietnam, in recent years, textile and apparel industry has
always export growth of 17% per year.
For 2010, November the
5th consecutive month that textile exports exceeded $ 1 billion. Generally 11 months,
export turnover of textile and garment industry reached 10.036 billion
dollars.
Overcome the particular
difficulties of the textile industry such as labor, power, the rise of
input costs ... textile exports still keep the leading position in the
export country. Time last year, according
to the cycle of the textile business is stepping up production and
delivery to customers by year-end orders.
With the growth rate is
quite impressive in recent months, export turnover is expected in 2010
both for this item will be over 11 billion dollars, up 21.3% over 2009,
exceeding the planned 5.1% . Thus, textile sector has
become the highest turnover, contributing significantly to exports of
the country, maintain its top 10 textile exporting countries leading the
world.
According to Le Van Dao -
Deputy Chairman of Vietnam Textile and Apparel Association (Vitas), the
market opportunity is slowly recovering and its advantages, in the
coming years, Vietnam's garment industry remains be competitive.
The objective of the
textile industry in 2015 is to develop textile and garment industry to
become one of the key export industry, striving to reach 2015 turnover
of 20 billion dollars, with a localization rate of 60% . In particular, textile
and garment development towards specialization and cooperation, build
Vietnam into the fashion centers of the region.
Many agricultural
commodities are price
Most of the increase in
export volumes but higher price is the main reason the group exports of
agricultural, forestry and fisheries have a bumper year.
According to the
Inter-ministerial, exports of agricultural and fishery in November was
estimated at 1.39 billion dollars, bringing the export value over 11
months at over 17 billion dollars, up 20.8% over the same period.
Except for coffee and
cassava, volume and export value of most agricultural, forestry and
fisheries have positive growth. Typical increase in
volume, turnover and price of rice is found.
According to the Vietnam
Food Association, beginning in November, prices of exports to Vietnam
grew by 8% between August and is currently trading average of 490-500
per ton. The prices are stable at
relatively high compared to the previous month, plus rice import demand
is also stable at creating favorable conditions for Vietnam's rice
exports.
Results from the date of
delivery 1 / 1 to 26/11 is 6.219 million tons, worth $ 2.651 billion. By 2010, rice exports may
reach about 6.6 million tons, equivalent to 3.08 billion dollars.
But the biggest price
increase must include rubber. Rubber exports estimated
11 months to reach 672,000 tons, earning approximately $ 2 billion, only
4.8% in volume but increased to 86.4% in value over the same period.
In 2010 a record year for
Vietnam's rubber industry as rubber prices continued to increase,
sometimes reaching over 4000 USD per ton. Prospect of rubber
exports in 2010 will reach over 760,000 tons, plus favorable export
prices should be able to achieve the turnover of 2.23 billion dollars
(nearly double the previous year) that can be achieved be.
This November, the first
seeds in the group of goods turnover of billion. Estimated exports of this
product 11 months to reach 179,000 tonnes with a turnover of over $ 1
billion, up 10.5% and 32% in value over the same period in 2009. Price of cashew nuts
exported an average of 10 months at $ 5,621 per ton up to 941 USD per
ton over the same period last year.
Although successive
encounter difficulties from the importer, but from the beginning of the
year, exports of seafood from Vietnam has gradually asserted its
position strong in many markets around the world and continues position is found to have
growth in exports of high recently. Expected in 2010,
fisheries exports have exceeded capacity in about 6.5%, reaching $ 4.9
billion (up 16.4% over the previous).
According to Nguyen Hoai
Nam, deputy general secretary of the Association processing and export
of aquatic products in Vietnam (VASEP): Shrimp is a major export
commodity and accounts for the largest share - 41.7% - in the list seafood products of
Vietnam's main export May 11, 2010. No. 2, but catfish export
increased only slightly from 11 last year.
We need to import fish
consumption during the Christmas and New Year at the Western markets is
increasing, but businesses do not dare to sign more contracts due to
fear of lack of material.
The world coffee supply
shortage caused coffee prices keep rising trend. The coffee price has
tended to increase more and more stable so I strongly encourage people
to bank loans, investment focus, care, intensive coffee. The key area of coffee
plants are capable of high yield (approximately 3 tons of coffee per
hectare or more). The favorable conditions
of price, supply conditions are favorable for Vietnam's coffee exports
in the new crop. Expected, coffee exports
in 2010 will reach 1.15 million tons, equivalent to about 1.74 billion
turnover, up 4.5% and 1.5% in turnover compared to the plan set out year.
Export of wood and wood
products 11 months to reach over 3 billion dollars, up 32.6% over the
same period last year.
Deficit below the
targeted 20%
Mr. Nguyen Thanh Bien,
Vice Minister of Trade and Industry forecast, the trade deficit in 2010
will be about $ 12 billion, the deficit ratio / exports about 17%,
achieving targets set by the Government.
According to minutes,
annual cycle, imported last month of the year usually higher than the
previous month. However, actively
implementing measures to curb the trade deficit will contribute to the
import restrictions, import forecast in 2010 will be approximately 82.8
billion, up 18.4% compared to 2009.
According to industry
reports Lien, the trade deficit in November at $ 1.25 billion, with
export turnover of 19.38%, highest in 9 months and less about $ 30
million in February. However, import growth in
the past 11 months lower than the growth rate of exports (exports up
24.5%, imports increased by 19.8%). "Thus, export growth and
import increase tends to slow the rate of deficit / export has decreased
over the month and end in November, this ratio is to ensure targets Government-set "- Mr.
Bien said.
Song structure in terms
of imports over the same period, they may find interesting problem. That is, when imports and
import commodity groups should be limited commodity groups increased
respectively 18.5% and 16.1%, the group found to have increased control
over the same period (about 33.1 %), mainly due to the
increased power of gemstones, precious metals and products (mainly gold)
in over two months.
In total more than 30
major import items, with 5 products reduced in value over the same
period, remaining relatively high increases such as wheat rose 79.1%,
cotton rose 71.8%, transport and parts increased
51.4%, textile fibers increased 41.7%, milk and dairy products increased
40.7% from petroleum products increased 40.5%, textile materials and
garments to increase 36.4% over the same
period .../.