In early 2018, province-based enterprises have got great orders. Among them, some have had orders till August. This is seen as a good sign for the province’s export turnover to further reach high growth this year.
Orders
Truong Thi Lien, Vice-Chairwoman of Binh Duong Leather and Footwear Association, Director of Lien Phat Co.Ltd. said that last year, the company reached a 10% increase in the number of orders signed compared to 2016 with total export turnover of US$9million. She added that on the first days of the new year, the company has also got orders till August.
Production line at Binh Duong Apparel Joint Stock Co.
According to Phan Le Diem Trang, Vice-Chairwoman of Binh Duong Apparel Association, Director of International Apparel Co. in Ben Cat town’s An Dien commune, the company’s export activities last year continued gaining stable growth. The company has till now signed orders with partners till March with 750,000 products.
For woodwork processing, along with the U.S, China, Japan and South Korea, the EU is a major export market of Vietnam’s woodwork businesses. In 2017, the province’s export turnover in the woodwork sector still reached stable and high growth. The positive effects of the EU-Vietnam Free Trade Agreement (EVFTA) that is expected to come into effect in early 2018 together with the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA/FLEGT) in Timber and Wood Products will contribute to increasing Vietnam’s woodwork export into the market. Before the above advantages, many businesses in the province have also got orders till April.
Do Thi Kim Loan, General Director of Sao Nam Co. in the North Tan Uyen Industrial Park said that the potential of Vietnam’s woodwork processing sector is appreciated very highly. Over the past time, domestic industries’ association made efforts relating to timber. This will be the foundation for Vietnam’s woodwork industry to have better competitiveness in the international market.
Attaching special importance to increasing labor productivity
According to Mrs.Lien, the EU is a big export market of Vietnam’s footwear-leather businesses. The domestic footwear and leather sector will enjoy a variety of advantages when the EVFTA comes into effect. But, the sector has still faced obstacles relating to labor cost and social insurance premium…
Nguyen Ngoc Son, General Director of Ngoc Son Python-Crocodile Trading Investment Joint Stock Co. said that in the face of the fourth industrial revolution, small and medium-sized enterprises (SMEs) need to boost sci-tech application in production in order to increase productivity, quality as well as saving time and production cost.
In 2018, Binh Duong will further strengthen support for SMEs; well realize a trade promotion program of 2018; advocate enterprises to take part in expos at home and abroad, helping them expand their consumption market while well doing programs on international economic integration and e-business.
With orders signed in early 2018 together with advantages from free trade agreements, province-based enterprises will create breakthroughs in terms of export in 2018.
Reported by Phuong Le-Translated by K.T
