Export - A Potential of
In recent years, export activities of Binh Dinh have adapted themselves with the country’s international economic integration. Despite fierce competition in terms of markets and prices, Binh Dinh maintains a high growth rate in its export value. Total export value of the province reached US$193 million in 2004, up by 39 per cent against that of 2003. Concretely, total export turnover of 72 local enterprises was put at US$160 million, up by 48 per cent. The figure was put at US$25 million, or an increase of eight per cent for five centrally-run State-owned enterprises, and US$7 million, or a rise of 13 per cent for three foreign-invested enterprises.
Goods which saw their export value increase sharply include forestry products (US$130 million, up by 58 per cent), minerals (US$12 million, up by 60 per cent), seafood (US$16 million, up by 33 per cent), consumer goods (US$23 million, up by 23.5 per cent). Garments alone saw an increase of 116 per cent. Export markets have been expanded. So far, enterprises in Binh Dinh have exported their products to 60 countries and territories, including 27 in
Import turnover is estimated at US$113.62 million, equal to 113.6 per cent and up by 27.9 per cent against that of 2003. Main imports include materials and fuel for production of export items, valued at US$64 million. The import turnover of woodwork, garments, plastic, fertiliser, steel, machines and equipment, automobiles and spare parts is put US$46 million while the figure stands at US$2 million for consumer goods, mainly medicines and medical equipment.
In the first quarter of 2005, export activities in Binh Dinh province continued to gain good results with an increase of 50 per cent in private enterprises against the same period of 2004. The number of exporting enterprises has increased from 74 to 78. Statistics show that the first quarter export value was put at US$67.7 million, equal to 29.4 per cent of the yearly plan and up by 24 per cent against that of the same period last year. Of this figure, export turnover of 69 local enterprises was put at US$57.3 million, up by 24.6 per cent. That was put at US$8.3 million for centrally-run State-owned enterprises, down by 10.5 per cent; at US$2.1 million for foreign-invested enterprises, up by 61.5 per cent. Four new exporters added around US$1 million to the province’s export value.
In the first three months, around two thirds of local private enterprises gained a high export turnover growth. This is thanks to the fact that markets were stable and private enterprises made great efforts to renew technology and equipment to improve the quality and competitiveness of their products, meeting an increased demand of customers. Also, enterprises have promoted their search for new markets, expanding their export activities to over 50 countries and territories. One of the enterprises earning a high export growth rate is the Binh Dinh Seafood Joint stock Company.
However, according to the Binh Dinh Department of Trade and Tourism, export activities in the first quarter faced some difficulties, such as a price hike of materials, and services, leading to market and price difficulties for several products, including textiles, garments and footwear products. Some goods which have high prices but their supplies are constraint. These include rice and sliced cassava. Some sliced cassava exporters should be careful or they will suffer losses as they signed export contracts at low prices and are now collecting materials at high prices.
Vietnamese
