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Home  >>   Daily News  >>Vietnam>>Economy>>Export businesses sanguine, make frenetic start to 2017
NEWS UPDATES Asean Affairs     February 8,  2017  






Export businesses sanguine, make frenetic start to 2017

After the Tet (the Lunar New Year) break, employees of Intimex Group Joint Stock Company are scrambling to fulfil export orders.

The company achieved export revenues of US$60 million last month and is expected to exceed the $100 million mark in the first two months of the year, much higher than in the same period last year.

Do Ha Nam, the company’s chairman and general director, said: “Orders to export rice to China are much higher compared to the same period last year. Meanwhile coffee export has entered the main season with many large contracts.

“Exports of rice and coffee may face difficulties this year, but the signals at the beginning of the year are rather positive.”

Pham Thai Binh, director of the Can Tho city-based Trung An Hi-Tech Farming JSC, a major rice exporter, said his company officially resumes work on February 6, but its staff began to work on the 31st to carry out export orders.

His company is rushing to fulfil two orders for high-grade rice from China and Malaysia, with 6,000 tonnes to be shipped to China, he said.

China and Malaysia are traditional customers, he said.

Though this year rice exports are set to face more difficulties due to a global glut, Trung An has set itself a target of 30 per cent export growth this year, with focus on high-grade rice products, he said.

The company has established a closed rice value chain from growing to exports and obtained certification from the International Federation of Organic Agriculture Movements, he added.

Tran Van Linh, chairman of Thuan Phuoc Seafood and Trading Corporation, said his company’s order book is full until the end of the first quarter.

It resumed work on February 2 to fulfil those orders, he said.

In the case of the garment and textile sector, many insiders forecast exports to be modest this year, but Garmex Sai Gon Joint Stock Company targets higher export growth than last year.

Le Quang Hung, its chairman, said the company achieved export revenues of nearly $6 million last month.

The US is the company’s key export market, accounting for 50 per cent of exports, he said, adding that Garmex Sai Gon is actively seeking new partners to expand its markets.

The US withdrawal from the Trans-Pacific Partnership trade deal is expected to affect Viet Nam’s export growth eventhough Viet Nam’s exports to the US climbed 15 per cent to $38.5 billion last year.

According to the Ministry of Industry and Trade, Viet Nam took advantage of many free trade agreements to boost exports last year.

The Viet Nam-Korea FTA, for instance, helped Viet Nam’s exports to South Korea rise by 29 per cent last year, it said.

It added it would step up trade promotion activities to help companies expand their export markets and increase exports to countries that have FTAs with Viet Nam.



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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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