Many experts forecast that the export and import turnover of the country in 2022 can set a new record and will reach the target of 700 billion USD.

According to Tran Thanh Hai, Deputy Director of Export-Import Department (Ministry of Industry and Trade), in the first quarter of 2022, the total export-import turnover recorded 176 billion USD, a growth of 14.4% compared to the same period in 2021. This is a very high growth rate; exports alone grew 12.9%.

In particular, groups of agricultural products recorded relatively high export growth of about 18-19%; in which, there are special items such as coffee, rice and aquaculture with even higher growth from 38% to nearly 50%. These are very positive general signs for import-export operations.

Commenting around export growth in the coming time, Tran Thanh Hai said that the biggest opportunity is from Free Trade Agreements (FTAs).

Over time, Vietnam has had large-scale FTAs with deep commitments such as the Comprehensive Partnership and Trans-Pacific Progress (CPTPP), Vietnam-EU FTA (EVFTA), Vietnam-United Kingdom FTA (UKVFTA) and most recently, the Regional Comprehensive Economic Partnership (RCEP)… These are all FTAs with Vietnam’s very large-scale trading partners, which have in fact had a significant effect.

Tran Thanh Hai also pointed out that, in the CPTPPs of countries new to FTA with Vietnam such as Peru, Mexico…, the growth in exports has reached 25-35%, clearly showing opportunities for enterprises.

Meanwhile, the RCEP Agreement came into effect on January 1, 2022 with a deeper commitment as well as clearer facilitation and business also had the opportunity to boost exports to these markets. It is worth noting that in RCEP, there are countries such as China, South Korea, Japan that provide raw materials for Vietnam. In addition, the RCEP Agreement will create rotation, helping Vietnam connect the supply chain of both outputs and inputs better.

Emphasize the difficulties that the business will face in the coming time, according to Mr. Tran Thanh Hai, the immediate impact of the COVID-19 pandemic. Although in Vietnam the impact from the epidemic has been reduced and there is a safe adaptation to restore production, the impact of the epidemic in other markets may also affect Vietnam, especially now that the epidemic starts to increase in China.

With the current Chinese anti-epidemic policy, when there are cases, China is willing to blockade a city or a production center. If the areas currently supplying basic materials with large quantities of raw materials to Vietnam are affected by the blockade, it will affect the supply of raw materials to Vietnam.

Moreover, in the matter of transportation and logistics, the impact of the epidemic in the past 2 years has pushed the price of shipping high, so far there is no sign of “cooling down”.

In China, as the epidemic spreads, it is likely that China’s ports will also be congested, which will continue to extend shipping time, pushing fares further to remain high. In addition, the uncertainties of the Russian-Ukrainian conflict are also of concern.

Source: VTV.VN