Positive signals from export markets

Lam Dong's durian export turnover in 2024 will reach 104.15 million USD.

In 2024, the total export value of goods in Lam Dong province will reach 985.77 million USD, equal to 106.1% compared to 2023. With the double-digit growth scenario set by Lam Dong at the beginning of the year, the industry and trade sector aims to increase export value by 10% by 2025 compared to 2024.

EXPORT TURNOVER IN THE FIRST QUARTER ACHIEVED GROWTH SCENARIO

According to the Department of Industry and Trade of Lam Dong province, the cumulative export value in the first 3 months of 2025 is estimated at 289.37 million USD, an increase of 30.27% over the same period last year, reaching 26.31% of the 2025 plan. Of which, domestic enterprises are estimated to reach 170.3 million USD, an increase of 17.95% over the same period last year, accounting for 58.9% of the province's total export turnover.

Foreign-invested enterprises are estimated to reach 119.06 million USD, up 41.1% over the same period last year, accounting for 35% of the province's total export turnover. Particularly, export turnover in March 2025 is estimated to reach 101.62 million USD, up 34.54% over the same period last year.

In the first 4 months of 2025, Lam Dong's export goods are estimated to reach 397.44 million USD, an increase of 32.58% over the same period last year, reaching 36.13% of the 2025 plan.

Thus, the local export turnover in the first quarter of 2025 reached the growth scenario of 10%. In addition, the cumulative import turnover of the whole province in the first 3 months of the year was 56.8 million USD, also reaching the general growth scenario (up 22.38%).

According to the Trade Management Department, Department of Industry and Trade of the province, the local export situation in the first quarter of 2025 has improved a lot due to the increase in export value of some tea, vegetable and fruit products.

Specifically, for green coffee products with main consumption markets such as Italy, Belgium, USA, Germany, the cumulative statistics for the first 3 months are estimated at 14.16 thousand tons and estimated at 76.03 million USD, down 26.85% in volume but up 38.25% in value over the same period.

Alumina and Aluminum Hydroxide are among the main export products of Lam Dong.

Processed tea exports in the first quarter of 2025 reached 6.72 thousand tons and were estimated to reach a value of 19.58 million USD, up 80.64% in volume and 86.47% in value over the same period. Similarly, for fruit and vegetable exports, the estimated export volume in the first 3 months of the year reached 6.72 thousand tons, estimated to reach a value of 19.58 million USD, up 11.12% in volume and 16.06% in value over the same period.

ACCOMPANYING BUSINESSES IN RESPONDING TO FLUCTUATIVE TARIFF POLICIES

Recently, on April 10, in the context of increasing global trade tensions, the US decided to suspend reciprocal tariffs for 90 days against 75 countries and territories around the world, including Vietnam.

This decision is seen as a step to relieve pressure, opening the door for trade negotiations; at the same time, it is also a positive signal according to Prime Minister Pham Minh Chinh for Vietnam to restructure its industry, implementing a flexible policy to stabilize the economic situation.

Celery powder, green bean pennywort powder, pennywort powder products of Dalahouse Company (Don Duong district) will be officially exported to the US market at the end of 2024.

According to the leader of Lam Dong Department of Industry and Trade, the US market has not been in the top 5 main export markets of the locality for a long time due to its geographical distance and lack of competitive advantage compared to some countries with the same industry structure in Europe and South America.

Of the total export value of local goods of 985.77 million USD in 2024, Lam Dong's key export items are mainly fresh agricultural products, accounting for 54% of the province's total export value, focusing on markets in East Asian countries such as China, Japan, Korea, Taiwan... because they are easy to transport and the transportation costs are also cheaper.

Exports to the US only account for about 4.5% of the province's total exports, mainly textiles and coffee.

Regarding imports, the locality mainly imports machinery and raw materials for the textile industry, with the value of textiles accounting for about 60% of the value of exported and imported goods to this market.

Lam Dong province's export items to the US in 2024 will reach 45 million USD, accounting for 4.5% of the province's total export goods, mainly textiles and coffee.

According to the leader of the Department of Industry and Trade, in the near future, the export market may slow down due to the decline in the two major markets, the US and China, which will affect international trade. International trade will certainly be affected by slowing down because when the tax rate is high, the consumer demand of people around the world is expected to decrease.

Although Lam Dong province has a relatively small volume of goods exported to the US market, which has not had a major impact on the local export and import situation, implementing the instructions of the Government and ministries and branches, Lam Dong province is accompanying businesses with the motto of the Prime Minister: "Calm, flexible, close to reality, accompanying businesses and proactively negotiating".

Recently, Lam Dong provincial leaders have directed departments and branches, including the Department of Industry and Trade, to regularly update the latest information on instructions from the Government, ministries and branches to guide businesses. At the same time, accompany and support businesses to have appropriate production and business plans, creating conditions for businesses to diversify export channels and other potential markets.

Prime Minister Pham Minh Chinh visits workers' lives at Dalat Hasfarm Company Limited at the end of 2022

At a recent regular Government meeting, Prime Minister Pham Minh Chinh assessed that the current tariff fluctuations are an opportunity to restructure the economy towards greening, digitalization, and rapid but sustainable development. This is also the time to restructure businesses, increase technology application, and diversify markets, products, and supply chains.

The Prime Minister also requested ministries, sectors and localities to urgently support businesses in transforming, adapting to the new situation and solving immediate and long-term difficulties. The impact of tariff policies must not affect the economic growth scenario set out at the beginning of 2025.

Source: https://baolamdong.vn/kinh-te/202504/tin-hieu-tich-cuc-tu-thi-truong-xuat-khau-7556ca9/