Concerns about exports

VCN -  In the product value chain with current key links, Vietnam's industrial production has not reached that link, it is just a dependent link. According to experts, an enterprise cannot participate all stages in that value chain, but it needs to well perform one or two stages that benefit it.
concerns about exports Exports start to recover
concerns about exports Nearly 73% of automobiles imported from Thailand, India and Indonesia
concerns about exports Vietnam develops logistics services for exports
concerns about exports

Enterprises only need to change management, the productivity has increased by 10-15%. Photo: Huu Linh.

Only be a dependent link

Vietnam's exports have grown rapidly in recent years, reaching more than $ US 176 billion in 2016. However, massive exports were synonymous with low-value and non-branded goods. Why was the value low though Vietnam exported a lot? That was a question set a long time ago, but the answer had nothing new. That was the story of Vietnamese non-branded goods.

As compared by the Mr. Tran Dinh Thien, Director of Vietnam Institute of Economics in the Export Promotion Forum on April 20, 2017, “although the Vietnam’s exports increased well and a lot, I have not reassured with exports and that reassurance is in the long term vision”.

Mr. Tran Thanh Hai, Deputy Director of Import-export Department under the Ministry of Industry and Trade, also expressed his concerns about exports, regarding the Vietnam's position in the product value chain: "Though we manufactured many products for many countries, why was our link so low?

As analyzed by him, in the product value chain with key links, but in the current time, Vietnam’s industrial production has not caught that links, it was just a dependent link. For example, although Samsung was a product of modern industry and Vietnam was proud of it a bit, we were not satisfied because it was not a key link. This was an unsustainable factor to increase the Vietnam’s added value. “We can learn experienced countries to catch up those links and gradually hold positions in some links” said by Mr. Hai.

It can be seen that the Vietnam’s exports in the recent time increased rapidly in quantity, but the value has not increased as expected, excluding the export products without brand.

Mr. Nguyen Van Nam, Director of Institute for Brand and Competitiveness Strategy proved that we produced lots of coffee, but only sell at price of $ US 2 / kg, while exporting them to foreign countries, they sell them at price of $ US 200 / kg. Meaning that we only got 1% of that value while we spent a lot of effort.

"The export picture in the coming time is a problem that the Government and Ministries are concerned about. We take care of export turnover, but we also have to consider the sustainability, it is like that the traffic participants want to go fast but they also must ensure safety " stated by Mr. Hai.

Value increased due to function

Mr. Vo Tri Thanh Deputy Director of the Central Institute for Economic Management (CIEM) noted that the majority of Vietnam's exports in the value chain were dominated by consumers, not by producers, so, that Vietnam wanted to participate in the high value-added chain in the technology stage was much more difficult than the production or service stage ... because it required a lot of money and wisdom.

Therefore, Mr. Thanh agreed with Nam's opinion on that not all enterprises are involved in all stages of the value chain. Each enterprise just needs to do 1 to 2 stages but it must be sure what it can do and what it can change, meaning that increasing the value-added due to function. In term of this aspect, Mr. Thanh said: " Enterprises should do what they are doing but need to increase the productivity. Our research shows that enterprises only need to change management, the productivity has increased by 10-15%”.

Relating to measures to increase the value of export goods, Mr. Nam stated that the stage of sales (consumption and sales of goods) were necessary and must be paid a special attention. We manufactured many products but we did not know the market. If we still maintained previous measures that we already had products and then we looked for markets, we would always fail and sell products at cheap prices. “If production is large, the sales must be reorganized, we cannot feel satisfied with small sales with small and separated sales organization system, causing big losses for farmers and consumers,” Mr. Nam said.

concerns about exports Vietnam’s exports still dominated by FDI firms

The turnover of foreign invested firms continues to dominate Vietnamese exports despite a decline seen in the ...

It is noteworthy, according to many experts, we should pay more attention and invest more in policy and resource to the agricultural exports. Because Vietnam has the strengths of traditional agriculture, sufficient human resources, abundant agricultural resources and diverse and favorable climates for agricultural development. Nearly 100% of agricultural value are manufactured by our country’s labor. The development of modern agriculture with high technology opens a great prospect for agricultural export. So that we need to urgently boost and renovate the promotion of agricultural exports.

By Phan Thu/ Huyen Trang

Related News

Quang Ninh Customs seeks solutions to promote import and export

Quang Ninh Customs seeks solutions to promote import and export

VCN - Quang Ninh Customs Department has made efforts to synchronously deploy solutions to accompany, support and resolve difficulties for businesses, contributing to improving import and export activities through the area.
Opportunities for accelerating Vietnam

Opportunities for accelerating Vietnam's seafood exports

VCN - Seafood is one of the key industries contributing significantly to Vietnam's export turnover. In the first nine months of the year, seafood exports brought in US$7.16 billion, an 8.5% increase compared to the same period in 2023. Among the factors driving this success, aside from favorable market conditions, the effective utilization of Free Trade Agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), has played a crucial role. However, along with achievements, the industry also faces challenges, including market competition and trade defense lawsuits. Nguyen Hoai Nam, Deputy Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP), shared insights on these issues.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countries, thereby maintaining advantages and developing on "away grounds".
Cat Lai Port sees over 1,000 export shipments cleared by customs each day

Cat Lai Port sees over 1,000 export shipments cleared by customs each day

VCN - The volume of goods exported through Cat Lai port is showing signs of increasing sharply in the last months of 2024.

Latest News

Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - Tensions between Israel and Iran escalate, tuna businesses are worried, they may have to stop export orders to the Israeli market in the last months of the year.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.

More News

Lao Cai Customs sees a triple-digit surge in export-import turnover

Lao Cai Customs sees a triple-digit surge in export-import turnover

VCN - Updated from the beginning of the year to October 24, total import and export turnover through Lao Cai Customs Department increased by 102%.
Coconut is expected to become a billion-dollar export item

Coconut is expected to become a billion-dollar export item

VCN - Talking to the press at the ceremony to launch the first train carrying fresh coconuts to China, Mr. Luu Van Phi, Director of the Department of Industry and Trade of Tien Giang province, said that Vietnam's agricultural export potential, especially fresh coconuts, is expanding with the appearance of international railway transportation from Song Than station.
Plastic exporters interested in converting to recycling technology

Plastic exporters interested in converting to recycling technology

VCN - The Vietnamese plastics industry is facing major challenges in terms of plastic waste and recycling needs. Secretary General of the Vietnam Plastics Association Huynh Thi My (pictured) shared important information about the transformation in production of plastics enterprises to meet increasing export demands.
Logistics sector must embrace innovative trends to stay competitive

Logistics sector must embrace innovative trends to stay competitive

The Vietnamese logistics industry must adapt to new trends and enhance infrastructure to remain globally competitive, speakers said at an event in Ho Chi Minh City on October 31.
Vietnam’s agro-forestry-aquatic product exports likely to set new record

Vietnam’s agro-forestry-aquatic product exports likely to set new record

Vietnam’s agro-forestry-aquatic product exports are likely to achieve a record high of 62 billion USD in 2024, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.
UKVFTA greatly benefits Vietnam-UK trade: Experts

UKVFTA greatly benefits Vietnam-UK trade: Experts

The UK-Vietnam Free Trade Agreement (UKVFTA), signed into law three years ago, has clearly benefited trade cooperation between the two countries, particularly in the context of Vietnam’s exports to most other major markets declining due to geopolitical tensions and headwinds in the global economy, said experts at a conference in Hanoi on October 30.
Agricultural exports likely to exceed 60 billion USD amid challenges

Agricultural exports likely to exceed 60 billion USD amid challenges

With swift production recovery and continued growth, Vietnam's agricultural sector could potentially surpass the 60 billion USD export target, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam-Philippines trade likely to exceed 8 billion USD for first time

Vietnam-Philippines trade likely to exceed 8 billion USD for first time

With the current rising trend, trade between Vietnam and the Philippines is likely to exceed 8 billion USD for the first time to hit about 8.5 billion USD in 2024, with Vietnam’s surplus of more than 3 billion USD, according to the Vietnamese Trade Office in the Philippines.
A bitter nut

A bitter nut's surprisingly sweet export success

VCN - The latest statistics from the General Department of Vietnam Customs show that in the first 15 days of October (October 1-15), Vietnam's coffee exports reached 21,489 tons, with a turnover of US$125.8 million.
Read More

Your care

Latest Most read
Many factors affecting tuna exports in the last months of the year

Many factors affecting tuna exports in the last months of the year

VCN - In recent years, Israel has always been Vietnam's leading tuna export market after the US and the EU. Therefore, the recent escalation of Israel-Iran tensions is affecting Vietnam's tuna exports to this market.
Vietnam still dominates Philippine rice import

Vietnam still dominates Philippine rice import

Vietnam continues to assert its dominance as the top rice exporter to the Philippines, with 2.91 million tonnes shipped as of the late October, or over 79% of the Philippines' total rice imports, according to the Vietnam Trade Office in the Philippines.
Vietnam cements ties with partners to engage in global semiconductor, AI industries

Vietnam cements ties with partners to engage in global semiconductor, AI industries

By boosting cooperation with reputable partners across the globe, Vietnam is taking steps to gain a foothold in the world’s semiconductor and artificial intelligence (AI) industries.
Aquatic exports expected to rise in year-end despite challenges

Aquatic exports expected to rise in year-end despite challenges

Aquatic exports is expected to surge in the remaining months of this year, as the year-end festive season comes, despite many challenges in the international markets, according to insiders.
Trade Defense: The Key to Success for Vietnamese Businesses

Trade Defense: The Key to Success for Vietnamese Businesses

VCN - From losses and near bankruptcy, many domestic enterprises have recovered thanks to timely application of trade defense measures. Trade defense is also an effective shield for Vietnamese enterprises against a series of lawsuits from importing countr
Mobile Version