Along
with other economic achievements, Binh Duong’s export industry in 2013
continued gaining a stable growth. Noticeably, province-based domestic
enterprises made more efforts to overcome difficulties and reach considerable
results in this field. 
With export turnover reaching more than US$1bln, footwear ranked third among the province’s key export industries in 2013
Key export products on growth
In 2013, Binh Duong’s export target was fulfilled early with a total value reaching more than US$14.44bln, up 15.7% compared to 2012. Of the total, domestic firms sector achieved nearly US$11.75mln, up 18.5% while foreign-invested enterprises gained more than US$2.69mln, up 5.3%. There was also a significant increase in the export of many key products. For example, garment and textile grew by 26.7%; footwear by 1.1%; fine art and handicrafts by 1.5%; electronic products by 14.6%; rubber latex by 94.5%...
Noticeably, Binh Duong’s export industry gained considerable results. For example, the province’s trade surplus amounted to nearly US$2.9bln. There was also a shift in production structure towards the growth of hi-tech products and those with great added value.
Textile and garment, footwear and furniture products continued completing the set yearly target of exceeding US$1bln in export value. Particularly, furniture sector reached US$1,540 mln in export value; garment and textile with US$1.811.3mln and footwear with more than US$1,043.1mln. The three industries reached US$4,394.4mln in export turnover, accounting for nearly 30.5% of the province’s total export turnover. The result greatly contributed to helping the province get a high export growth rate in 2013.
Regarding the above success, provincial Department of Industry and Trade said that there was a stability in import material price and workforce in 2013. Main export markets like the US, EU, Japan, Asia, Africa…were also rebounding. The favorable elements along with the active impacts of the Trans-Pacific Strategic Economic Partnership Agreement (TTP) contributed to promoting Vietnam’s export turnover. In addition, they created a driving force for clients from the US, Japan, Canada, Australia..to bravely sign new contracts with Vietnnam, especially those in garment & textile and footwear which were also Binh Duong’s key export industries.
Domestic firms with stable growth
Noticeably, province-based domestic firms reached a stable export growth in 2013. This showed that they had a wide and deep integration plus good competitiveness in the international market.
To achieve the above result, province-based domestic firms, namely Minh Long I Porcelain Co.Ltd., Phuong Hanh Co.Ltd., An Thinh Footwear Co.Ltd., Thai Binh Joint Stock Co., Binh Duong Garment One-Member Co.Ltd., made efforts to sign a lot of big export orders right from the beginning of the year.
Province-based domestic firms’ export activities into new markets also saw a positive change. Particularly, Sang Ban Mai Joint Stock Co. was very successful when bringing its electric generators to Myanmar’s market. Along with many advantages in quality and quality, the company’s products has a localization ratio of 40% and competitive prices. Upon these, they reach a good competitiveness at home and abroad. The company’s export value in Myanmar in 2013 is likely to reach US$2mln. According to company General Director Tran Thanh Trong, this will be a potential market for the company in the coming time.
For the steel industry, province-based enterprises, namely Hoa Sen, Dong A, Dai Thien Loc…, reached a robust growth in 2013. Nguyen Thanh Nghia, CEO of Dai Thien Loc Steel Joint Stock Co. said the company’s export of roofing steel sheets in 2013 enjoyed many advantages in Indonesia, Bangladesh, Ukraine…with the monthly export turnover reaching between US$5mln and US$6mln. More importantly, the company’s export activities will further receive a favorable trend in the next year because of products’ quality ensured and new markets developed.
Thanks to its efforts in market expansion, Minh Dung Veterinary – Aquaculture Medicine Co.Ltd.’s products in 2013 were strongly consumed in many countries, including India, Malaysia, Thailand, Oman…Whilst, Do Thi Kim Loan, Director of Sao Nam Wood Flooring Production Co. said that the company’s export into the US in 2013 gained a 38% growth, contributing to helping the company achieve a high export growth rate.
With positive results in 2013, province-based domestic firms believe that their export activities will continue gaining better results in 2014.
Reported by Ve Giang-Translated by K.T
