The bustling atmosphere at border gates and seaports in the first days of lunar New Year 2024
After the lunar New Year (Tet) holiday, the northeastern border gates began operating again from February 15 (the 6th day of the lunar calendar). Despite the holiday, some northern border gates still operate normally. The amount of goods cleared through customs increased sharply.
Bac Luan 2 border gate cleared customs early, from February 12 (the 3rd day of the lunar calendar). Mong Cai border gate management board said that on the 3rd day of Tet alone, the authorities at Bac Luan 2 border gate cleared nearly 60 tons of seafood for export, equivalent to more than 781,000 USD.
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| Functional forces inspect and supervise goods and vehicles crossing Bac Luan 2 Bridge - Mong Cai international border gate (Source: Industry and Trade Newspaper) |
Meanwhile, import-export activities at the seaport are also bustling. Recently, Prime Minister Pham Minh Chinh chaired a ceremony to welcome international ships and begin loading and unloading goods to celebrate the lunar New Year at Tan Cang - Cai Mep International Port belonging to Saigon Newport Corporation in Ba Ria - Vung Tau province.
Export prospects for lunar New Year
Export prospects for the lunar new year are considered promising. Right before the holidays, Vietnam's export activities recorded positive results.
According to the General Statistics Office, Vietnam's exports in January reached the highest monthly turnover since April 2022, specifically, about 33.6 billion USD, an increase of 42% over the same period in 2023.
According to experts from HSBC bank, this is an amazing speed, proving that Vietnam's trade continues to be firmly on the recovery path.
According to economic expert, Dr. Le Duy Binh, CEO of Economica Vietnam, Vietnamese businesses need to transform more strongly, restructure market share and product lines to ensure export activity development in a sustainable way.
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| Photo for illustration (Source: ietnam Government Portal) |
Despite many difficulties, some Vietnamese export products still achieve impressive turnover figures. Vietnam's rising durian, coffee and rice prices in 2023 have brought significant revenue to Vietnamese farmers. It is forecasted that in 2024, Vietnam's agricultural exports will continue to achieve high turnover. Markets such as the United States, China and the Middle East favor Vietnamese agricultural products. The decrease in global food supply due to the impact of El Nino also creates opportunities for Vietnamese agricultural exports.
Besides, Vietnam's export of wood and wood products in January 2024 reached nearly 1.4 billion USD. This is the first time this strong product of Vietnam has ranked in the top 5 in the world. Along with that, 6 other items achieved export turnover of over 1 billion USD in January 2024, accounting for 65.7% of total export turnover, including textiles and garments; shoes of all kinds; computers, electronic products and components; Phones of all types and accessories; other machinery, equipment, tools and spare parts; and transport vehicles and spare parts.
To promote exports, recently, the Government and ministries and branches have made efforts to implement many measures to open export markets. Among them, there are great achievements in negotiation and market opening. However, to take advantage of this market opening opportunity, the issue that needs attention is to develop sources of goods for export, meet quality requirements, increase added value content and ensure to meet the rules of origin requirements to enjoy preferential tariffs under the agreements./.