According to Mr. Tran Thanh Hai, Deputy Director of the Department Import and Export (Ministry of Industry and Trade), in the first quarter of 2022, total import-export turnover was recorded at 176 billion USD, up 14.4% over the same period in 2021. This is a very high growth rate; exports alone grew 12.9%.
In particular, groups of agricultural products recorded quite high export growth of about 18-19%; in which, there are special products such as coffee, rice and seafood, the growth rate is even higher from 38% to nearly 50%. These are generally very positive signs for import and export activities.
Commenting on export growth in the coming time, Mr. Tran Thanh Hai said that the biggest opportunity comes from Free Trade Agreements (FTAs).
Import and export in 2022 may set a new record. Illustration.
Over the past time, Vietnam has continuously had large-scale FTAs with a deep level of commitment such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Vietnam-EU FTA (EVFTA), the Vietnam-EU FTA, and the EU-Vietnam FTA. South-United Kingdom (UKVFTA) and most recently the Regional Comprehensive Economic Partnership (RCEP)… These are all FTAs with very large-scale trading partners of Vietnam, in fact economy has had a significant effect.
Mr. Tran Thanh Hai also pointed out that, in the CPTPP, countries that have just joined FTAs with Vietnam such as Peru, Mexico…, the growth in exports is from 25-35%, showing very clearly the opportunity for businesses.
Meanwhile, the RCEP Agreement took effect from January 1, 2022 with deeper commitments as well as clearer facilitation and businesses also have the opportunity to boost exports to these markets. Notably, in the RCEP bloc, there are countries such as China, Korea, and Japan that provide raw materials for Vietnam. In addition, the RCEP Agreement will create rotation, helping Vietnam better connect the supply chain of both output and input.
Emphasizing the difficulties that businesses will face in the near future, according to Mr. Tran Thanh Hai, the immediate impact is still the impact of the COVID-19 epidemic. Although in Vietnam the impact from the epidemic has lessened and there is a safe adaptation to restore production, the impact of the disease in other markets may also affect Vietnam, especially the current epidemic. began to increase in China.
With China’s current anti-epidemic policy, when there are cases, China is ready to blockade an entire city or a production center. If the areas currently supplying basic raw materials with large quantities of raw materials to Vietnam are affected by the blockade order, it will affect the supply of raw materials to Vietnam.
Moreover, in the matter of transportation and logistics, in the past 2 years, the impact of the epidemic has pushed up sea freight rates, so far there has been no sign of “cooling down”.
In China, when the disease spreads, it is possible that China’s ports will also be congested, which will further prolong the transit time, pushing the freight rates to remain high. In addition, the uncertainties Russia-Ukraine conflict is also worth noting.
at Blogtuan.info – Source: vtv.vn – Read the original article here