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Export businesses sanguine, make frenetic start to 2017

After the Tet (the Lunar New Year) break, employees of Intimex Group Joint Stock Company are scrambling to fulfil export orders.
Export businesses sanguine, make frenetic start to 2017 ảnh 1A store of Intimex Group in Da Nang City. (Photo: VNA)

HCMCity (VNA) - After the Tet (the Lunar New Year) break, employees ofIntimex Group Joint Stock Company are scrambling to fulfil export orders.

The company achieved export revenues of 60 million USDlast month and is expected to exceed the 100 million USD mark in the first twomonths of the year, much higher than in the same period last year.

Do Ha Nam, the company’s chairman and generaldirector, said: “Orders to export rice to China are much higher compared to thesame period last year. Meanwhile coffee export has entered the main season withmany large contracts.

“Exports of rice and coffee may face difficulties thisyear, but the signals at the beginning of the year are rather positive.”

Pham Thai Binh, director of the Can Tho city-basedTrung An Hi-Tech Farming JSC, a major rice exporter, said his companyofficially resumes work on February 6, but its staff began to work on the 31stto carry out export orders.

His company is rushing to fulfil two orders forhigh-grade rice from China and Malaysia, with 6,000 tonnes to be shipped toChina, he said. 

China and Malaysia are traditional customers, he said.

Though this year rice exports are set to face moredifficulties due to a global glut, Trung An has set itself a target of 30 percentexport growth this year, with focus on high-grade rice products, he said.

The company has established a closed rice value chainfrom growing to exports and obtained certification from the InternationalFederation of Organic Agriculture Movements, he added.

Tran Van Linh, chairman of Thuan Phuoc Seafood andTrading Corporation, said his company’s order book is full until the end of thefirst quarter.

It resumed work on February 2 to fulfil those orders,he said.

In the case of the garment and textile sector, manyinsiders forecast exports to be modest this year, but Garmex Sai Gon JointStock Company targets higher export growth than last year.

Le Quang Hung, its chairman, said the company achievedexport revenues of nearly 6 million USD last month.

The US is the company’s key export market, accountingfor 50 percent of exports, he said, adding that Garmex Sài Gòn is activelyseeking new partners to expand its markets.

The US withdrawal from the Trans-Pacific Partnershiptrade deal is expected to affect Vietnam’s export growth eventhough Vietnam’sexports to the US climbed 15 percent to 38.5 billion USD last year.

Accordingto the Ministry of Industry and Trade, Vietnam took advantage of many freetrade agreements to boost exports last year.

The Vietnam-Korea FTA, for instance, helped Vietnam’sexports to the Republic of Korea rise by 29 percent last year, it said.

It added it would step up trade promotion activitiesto help companies expand their export markets and increase exports to countriesthat have FTAs with Vietnam.-VNA
VNA

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