HCMC – Vietnam’s export to the European Union (EU) is estimated to grow 20%
this year, but the growth rate for next year is forecast at only 10%.
The growth rate of 20% for this
year is satisfactory given the difficult economic situation in Europe at
present, said Dang Hoang Hai, director of the Europe Market Department under
the Ministry of Industry and Trade.
However, export to the EU market
is forecast to only pick up 10% next year. Even this growth rate demands great
efforts of Vietnam, said Hai.
Truong Thi Thuy Lien, director of
Lien Phat Footwear Company, said her company’s exports to the EU had dropped
30% in the first ten months of the year. However, she declined to reveal the
specific figure.
Shoes export in the rest of the
year and January next year will continue to face problems. The company has
received export orders for next year from the EU partners, albeit few, said the
director.
Footwear is one of the key items
of Vietnam for export to the EU, which is also the main market for export of
Vietnamese footwear products.
As export to the EU is forecast
to remain challenging next year, Lien Phat has taken the initiative to receive
orders from Japan.
“In fact, Japanese partners once
came to our company, but their requirements were very high. As the EU market is
in troubles now, our company is seeking orders from Japan again,” said Lien.
Statistics revealed by Eurostat
on November 15 show that the eurozone has fallen into recession for the first
time after three years of the debt crisis. The gross domestic product (GDP) of
the trade bloc in the third quarter dipped 0.1% over the preceding quarter,
after falling 0.2% in the second quarter.
According to the General
Department of Customs, Vietnam exported US$16.1 billion worth of products to
the EU in the first ten months of 2012, recording a growth of over 20%.
However, this growth is mainly attributed to the growths in export turnovers of
the major items of foreign-invested enterprises, such as mobile phones,
electronic products, computers, machines and equipment.
Specifically, mobile phones and
spare parts exported to the EU brought in US$4.43 billion in the first ten
months, doubling the figure of last year, making up 44% of the total export
turnover of this group of items.
Meanwhile, computers, electronic
products and components fetched US$1.11 billion, up 78.1% year-on-year.
In the same period,
textile-garment exports to the EU reached US$1.98 billion, down 5.6%, and
footwear exports generated US$2.08 billion, up 2.2%, accounting for 35.7% of
the total export turnover of this commodity group.
Tran Thu - The Saigon Times Daily
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