Exports pave the way for economic growth

In the first quarter of 2025, the province's export turnover will reach about 670.5 million USD, an increase of 10.1% over the same period in 2024. This is a positive signal, showing the efforts to overcome difficulties and adapt flexibly of the business community in the context of many fluctuations in the global economy. With a positive foundation from the beginning of the year, many businesses expect to have a stronger breakthrough in the second quarter.

Báo Thái Bình•21/04/2025

Tan De Sports Goods Manufacturing Joint Stock Company is boosting production to meet delivery schedule for partners.

Export picture has many bright spots

According to the Department of Industry and Trade, in the first quarter, export activities recorded growth in many key industries of the province such as: textiles, processed agricultural products, electronic components, supporting industrial products... Ms. Ngo Thi Lien, Head of Trade Management Department (Department of Industry and Trade) said: Such growth was due to many enterprises signing long-term orders since the end of last year, creating favorable momentum for production and delivery from the first months of the year. At the same time, procedures for granting C/O and customs clearance of goods were carried out quickly and conveniently for enterprises.

A typical example of enterprises with abundant production orders is Tan De Sports Goods Production Joint Stock Company - a large import-export enterprise in the province, with a scale of more than 15,000 employees. Since the end of 2024, the Company has successfully negotiated and signed many stable export orders until the end of 2025. In the first quarter of 2025, the Company's export turnover reached more than 68.5 million USD, contributing significantly to the overall growth of the Vietnamese textile and garment industry and the province's export turnover. Not only ensuring orders, Tan De Company has also promoted investment in modern machinery, strongly applying digital transformation in management and production operations. In particular, the enterprise has deployed rooftop solar power systems at all factories, aiming at the goal of green production, creating an ideal working environment for workers and saving energy, meeting the strict standards of the international market.

In addition to positive signals about orders, many businesses still face challenges: increasing input costs, uncooled shipping costs, increasingly high quality requirements from foreign partners... However, instead of passively waiting, many businesses have proactively changed their mindset, promoted trade promotion channels, innovated product designs and expanded markets. Mr. Pham Bach Tung, Director of Thien Hoang - Mikado Technical and Commercial Joint Stock Company (Tien Hai Industrial Park) shared: Traditional markets are still important but cannot depend on one consumption channel because it has the potential risk of "putting all eggs in one basket". Therefore, we actively participate in international fairs, connect with Vietnamese trade offices abroad to expand partners. At the same time, Mikado also reviews and restructures products and product designs, improving the ability to meet international standards, especially for orders exported to European and Asian markets.

Flexibility in market orientation and continuous innovation are key factors that help export enterprises stand firm and increase their advantages during the economic recovery period. To accompany enterprises, credit institutions also promptly provide capital, remove difficulties in cash flow, especially in the period when enterprises need to expand production, import raw materials, and complete large orders.

Mr. Nguyen Manh Tuong, Director of the Bank for Agriculture and Rural Development of Vietnam ( Agribank ) Thai Binh Branch said: We identify timely capital provision for production and export enterprises as a key task. Agribank Thai Binh Branch is promoting credit packages with reasonable interest rates, such as the preferential program to finance investment projects with a scale of 30,000 billion VND, with preferential interest rates from only 6%/year in the first 24 months of the project. We also have special incentive programs such as: accompanying import-export enterprises in 2025, with a disbursement turnover of 35,000 billion VND; promoting the growth of FDI enterprises in 2025, with a disbursement turnover of 5,000 billion VND; Promote growth with large corporate customers in 2025, with disbursement turnover reaching 80,000 billion VND, prosper with SMEs in 2025, with turnover reaching 60,000 billion VND... Agribank Thai Binh Branch accompanies businesses in providing sufficient and quick capital and foreign currency for import and export activities with flexible exchange rates, meeting payment needs, opening direct LCs, and fast disbursement time.

Thanks to timely capital support, many businesses have had more conditions to import raw materials, invest in equipment, recruit workers and speed up production, ready to meet export orders in the second quarter and the following quarters.

Opportunity to accelerate and break through

Entering the second quarter, the world market is forecast to continue to recover slightly, consumer demand tends to increase again. Along with that, free trade agreements such as UKVFTA, EVFTA, CPTPP... are showing effectiveness, opening up more opportunities for Vietnamese goods to penetrate the market with preferential tax rates. Taking advantage of that, many businesses are recruiting more workers, improving production, upgrading quality management and promoting the application of digital technology in operations and order management.

Ms. Pham Thi Phuong, Director of the Branch of Garment Corporation 10 - Thai Ha Garment Factory (Gia Le Industrial Park) said: We have just put into operation a factory for sewing men's and women's fashion shirts for export with a capacity of 10 million products/year and a total investment of more than 300 billion VND. Along with the system of machinery and high automation technology, we plan to recruit 1,000 more workers. With the expansion of scale and innovation of production technology, the production and export activities of the Factory will certainly flourish this year.

In order to add confidence and motivation for enterprises to boost production and business, local authorities and functional sectors always accompany through trade promotion support activities, disseminate market regulations, connect supply and demand, remove difficulties and obstacles in investment administrative procedures. Specifically, recently, the Provincial People's Committee organized a dialogue conference to remove difficulties for enterprises; organized a delegation to visit and encourage enterprises to compete to boost production and business; met with import-export enterprises to grasp the situation and discuss solutions to cope with difficulties and challenges when the US imposes reciprocal taxes on Vietnamese goods exported to the US market... This is a testament to the companionship with enterprises, demonstrating the commitment to improve the investment environment and promote production and business development.

From the positive foundation of growth in the first quarter, the export business community entered the second quarter with a more proactive, confident and ready to make a breakthrough. If it continues to be supported by practical and effective support policies, exports will remain a bright spot and an important driving force to promote the province's economic growth in 2025 as expected and set goals.