Exporting goods in the context of global integration

In recent times, Binh Thuan has promoted trade promotion, expanded markets, and exported key local products to nearly 80 countries and territories...

Integrating into the global "playground"

The above results are remarkable in the context of Vietnam participating in many Free Trade Agreements (FTAs) and opening up opportunities for businesses nationwide, including local businesses proactively integrating into the global "playground". Currently, the province's main export goods include: Garments (exported to Japan, Taiwan), shoes and sandals of all kinds (USA, Canada, Netherlands, Italy, etc.), seafood of all kinds (UK, France, Germany, USA, Taiwan, Japan, China, Korea, Israel, etc.), dragon fruit (China, Thailand, India, Canada, Hong Kong, etc.), rubber (USA, Taiwan), cashew nuts (USA, China). In addition, there are a number of other goods such as wooden furniture, paper of all kinds, fish sauce, etc. exported by Binh Thuan businesses to the markets of Japan, USA, Australia, Belgium, Hong Kong.

*Production of wood products for export in Binh Thuan (illustrative photo).*

According to Mr. Bien Tan Tai - Deputy Director of the Department of Industry and Trade, up to now, Vietnam has participated in 17 free trade agreements, including new generation FTAs that have come into effect in recent years. Including: Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam - European Union Trade Agreement (EVFTA), Regional Comprehensive Economic Partnership Agreement (RCEP) ... Therefore, it is opening up many opportunities for exporting goods and has great significance for the integration process as well as economic development of Vietnam in general, Binh Thuan in particular. However, besides tax reduction incentives, partners in Vietnam's FTAs are all in the group of countries using trade defense tools in the world. Therefore, our country's export goods, including Binh Thuan's, may face the risk of being investigated by partner countries in the FTA, applying trade defense measures ...

At the Workshop on Introducing Trade Defense Measures held recently in Phan Thiet City, a representative of the Department of Trade Defense (Ministry of Industry and Trade) informed about the content related to this issue. Accordingly, in recent years, the number of foreign trade defense cases against Vietnam's export goods has been increasing rapidly. And the main reason for the increasing trend of trade defense cases against export goods from Vietnam is because our exports have increased very rapidly in recent times - thanks to the positive impact of the international economic integration process, participating in FTAs. Many of our products have created great competitive pressure in the import market, causing the manufacturing industry in these countries to request their Governments to investigate and apply trade defense measures...

Continue to promote exports

In fact, trade defense tools appeared very early and are frequently used in international trade associated with the process of international trade liberalization. Trade defense has many-sided, long-term impacts, not just immediate benefits, and can appear in both export and import directions, so it is not surprising that this issue has recently received great attention from associations, manufacturing and export industries...

For Vietnam, although trade defense is a relatively new content, recently our country has begun to proactively use this tool to establish a fair competitive environment and protect the legitimate interests of the domestic manufacturing industry... Therefore, the Workshop on Introducing Trade Defense Measures jointly organized locally will help businesses grasp the latest information on trade defense, how to handle and respond to trade defense investigations. Through this, businesses, associations, manufacturing and export industries will be more proactive in handling, responding as well as using trade defense tools permitted by law to protect legitimate interests. From there, orient the strategy for production and business development, promote market expansion to continue to boost the export of goods effectively when participating in integration into the global "playground".

In early 2024, the Provincial People's Committee also issued an Action Plan to implement the Project on restructuring the Industry and Trade sector until 2030 in Binh Thuan. For the import-export sector, strategies, plans and projects will be deployed to develop import-export for a number of potential and advantageous export sectors and fields in the province in the coming period. Accordingly, focusing on promoting the export of Binh Thuan's key products: Seafood products, agricultural products (mainly dragon fruit), processed and manufactured industrial products (textiles, footwear, wood and wood products, packaging, etc.). At the same time, creating favorable conditions for enterprises to deeply process exported mineral products, supporting trade promotion for craft village products, unique traditional products rich in cultural identity and a number of 4-5 star OCOP products of the province to participate in export.

In the future, Binh Thuan will also consider boosting exports, expanding markets, consolidating and effectively promoting traditional and key export markets to effectively solve product output. Proactively diversifying export markets on the basis of effectively applying signed free trade agreements to promote exports to traditional markets as well as target markets (ASEAN, Japan, Korea, Europe, America, etc.). Along with that, it will pay attention to developing and expanding export markets when Vietnam continues to sign free trade agreements in the coming time...

According to statistics, Binh Thuan's export turnover in the first quarter of 2024 is estimated at 158.3 million USD and an increase of 1.9% over the same period last year. Of which, the seafood group is estimated at 46.4 million USD (up 0.5%), the agricultural group achieved 1.9 million USD (down 44.6%) and other goods contributed about 110 million USD (up 4.1%). On the other hand, import turnover in the first quarter of this year is estimated at 300.5 million USD (up 5% over the same period), mainly imported animal feed, textile materials, footwear, paper, etc.

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