Positive signals from commodity exports

Nafoods Group Joint Stock Company (Duc Hoa district) focuses on improving reputation and product quality, constantly innovating production processes (Photo: Workers washing raw materials before putting them into the production process)

Make good use of the opportunity

Currently, Vietnam participates in many global value chains and signs free trade agreements (FTAs), opening up many export growth opportunities for businesses. Trans-Pacific Trade Partnership Agreement (CPTPP), Free Trade Agreement between Vietnam and European Union (EVFTA), Vietnam - United Kingdom Free Trade Agreement (UKVFTA), etc facilitate the mechanism, enhance cooperation, support and common development for businesses.

Taking advantage of this "playground" will help businesses expand export activities and find more markets to orient appropriate and effective business strategies. At the same time, businesses can also create products with good quality, competitive prices, fully meeting the standards and consumer needs of the markets, increasing development opportunities as well as reputation.

Exports in the first months of 2024 show signs of recovery, businesses have more export orders (In photo: Workers of Van Phuc Cosmetics Company (Tan Tru district) producing to promptly deliver to foreign partners)

Established in 2005, moved to Tan Binh commune, Tan Tru district since 2015, Van Phuc Cosmetics Company has gradually affirmed its brand and position in the market. Throughout the production process, the company's product lines with perfume and cosmetic brands: Cialy, Choilic, Glorin, INZ, etc gradually gain trust, fully meeting domestic and foreign market standards, especially foreign markets.

Director of Van Phuc Cosmetics Company - Nguyen Thanh Hung said: "As an enterprise participating in export, understanding market needs and standards is of top concern. Besides, the Company always prepares a source of quality goods to meet the needs. Vietnam participates in global value chains and FTAs, creating opportunities for businesses to easily participate and access export markets, thereby promoting production and business development. In the first months of 2024, exports continue to show signs of improvement as foreign markets have more demand for the company's products and we signed more cooperation contracts. Currently, about 80% of the company's products are exported, the main markets are countries in Southeast Asia, India, etc. The company has about 100 employees. To improve production and business efficiency, we boldly invested in a laboratory with full equipment to monitor product quality according to standards: CBMP-HCM, GMP-ASEAN, etc at the same factory in Tan Tru district, with a closed technological production line system to produce high quality, health-safe products before reaching consumers. The company always aims for sustainable development, constantly improving the quality of human resources, building specific strategies, broad vision, sensitivity and above all are quality and price to affirm our pioneering position in the cosmetics manufacturing industry."

Currently, about 80% of Van Phuc Cosmetics' products are exported to countries in Southeast Asia and India.

According to a representative of Nafoods Group Joint Stock Company (Duc Hoa district), making good use of global value chains and FTAs helps businesses better access the market and boost the export of goods, creating brand and value for product lines. The company has exported products to more than 50 countries around the world, especially the most demanding markets such as Europe, the United States, Japan, etc. It can be said that in the first months of 2024, signs of recovery from foreign markets has contributed to creating favorable conditions for units involved in supplying export goods. When sales increase, profits are also guaranteed, businesses can predict and be more proactive in production and business problems. However, export markets create playgrounds and opportunities but also pose many big challenges, requiring businesses' products to fully meet regulations and standards to be able to stand firm. Enterprises must focus on improving reputation and product quality, constantly innovating production processes to ensure they fully meet the standards set by markets, and proactively learn about market structure and linkages, building raw material areas and aiming for sustainable development strategies, etc.

Proactively prepare to participate in the market

According to the Department of Industry and Trade, the department regularly propagates the content of the agreement and commitments for each field to each business entity so that they can proactively prepare good conditions to participate in the market; coordinates with businesses to regularly review and recommend removing barriers to production and business activities; actively supports businesses to carry out trade promotion and market development activities; supports businesses to apply digital commerce to develop the market; coordinates with agencies of the Ministry of Industry and Trade and Vietnamese Trade Counselors in countries to welcome delegations of foreign businesses to exchange and do transactions as well as supports the resolution of problems arising from businesses during the export and import processes in the host country; etc. Thereby, helping businesses learn about the market, find customers, and have the opportunity to participate in the global value chain.

Accumulated in the first 4 months of 2024, export and import turnover in the province is estimated to reach 4,088 million USD (Photo: Inspection procedures of customs at Binh Hiep International Border Gate, Kien Tuong town)

Currently, there are more than 900 import-export enterprises in the province. The enterprises' goods have been exported to more than 120 countries, regions and territories around the world. Many products have been exported to markets that have high quality requirements such as the EU, the United States, Japan, Korea, etc. The main export products are industrial and processing goods; agricultural and aquatic products. Global value chains and FTAs that Vietnam participates in bring opportunities for export growth for Vietnamese enterprises in general and export and import enterprises of Long An province in particular. In the first months of 2024, although export and import activities still meet great difficulties and challenges, export and import turnover in the province achieved positive results.

It is forecasted that export and import activities of Vietnam and the province in the remaining months of the year will have many advantages and challenges. The Department of Industry and Trade develops and implements a plan to promote production and consumption and promote exports; prepares to well organize the Conference on Connecting the supply chain of export goods in Long An province in 2024. The department closely monitors market developments, regularly provides market information, prices, regulations, and changes in import policies of countries, etc to help businesses and establishments take advantage of opportunities, improve competitiveness, boost exports, and enter new markets. The Department innovates, improves the effectiveness of industrial, trade promotion and supports businesses in penetrating new markets, especially difficult markets; focus on building product brands; etc./.

By Chau Son - Translated by Q. Thien

Source: https://baolongan.vn/tin-hieu-tich-cuc-tu-xuat-khau-hang-hoa-a175881.html