Although it is only October, which means there are still nearly 2 months left until the end of the year plan, there have been some industries that have made breakthroughs, exceeding the yearly plan. The most prominent of these is the group of agricultural exports.
According to the General Statistics Office, after 10 months, fruit and vegetable exports reached 6.4 billion USD, an increase of more than 31%, a record level that the fruit and vegetable industry has ever achieved. Because in 2023, although fruit and vegetable exports had the highest turnover in history, the whole year only reached 5.6 billion USD.
With a turnover of 6.16 billion USD, the fruit and vegetable industry reached the target of exporting the whole year of 2024 (target from 6 to 6.4 billion USD) early and is confidently aiming for the target of 7 billion USD.
Currently, China is still the largest market for Vietnam's fruit and vegetable industry in both import and export directions. However, in recent times, the fruit and vegetable industry has also expanded its market, with exports to other countries such as Thailand, South Korea, Germany, and Canada increasing sharply with double-digit growth rates. For example, in 10 months, Vietnamese fruit and vegetables sold to Thailand earned 225 million USD, up 87% over the same period, surpassing the US market.
Pepper exports also reached the target early when the 2024 plan set a target of about 1 billion USD, but after only 10 months, the total pepper export turnover reached 1.1 billion USD, an increase of 48% in turnover compared to the same period last year.
Coffee exports in the first 10 months brought in more than 4.6 billion USD, a value increase of nearly 40% compared to last year and far exceeding the 4.25 billion USD figure for the whole of 2023. With this momentum, coffee exports this year are forecast to reach 5.5 billion USD. This is a new record, the highest ever in terms of Vietnamese coffee export value.
Not only agricultural products, data shows that key manufacturing industries such as electronics, computers, components, textiles, etc., which contribute greatly to export turnover, also had impressive growth in the past 10 months thanks to increased orders.
Mr. Nguyen Van Hai - Chairman of the Board of Directors of Hoa Tho Textile and Garment Joint Stock Corporation, Deputy Head of the Garment Production and Business Department of Vietnam National Textile and Garment Group (Vinatex) said that the revenue of the Production and Business Department in the first 9 months of 2024 reached 4,646 billion VND, equal to 80.9% of the plan. Profit reached 319.6 billion VND, equal to 108% of the plan.
"Currently, Vinatex's Garment Production and Business Board is focusing on implementing the fourth quarter 2024 plan and completing the whole year plan with estimated revenue of VND 6,146 billion and estimated profit of VND 415 billion," said Mr. Hai.
Currently, Vietnam is the only textile supplier among the four largest textile exporters in the world with strong market share growth in key markets, with double-digit growth in the US market. In the European market, although textile imports decreased by 5.5%, goods from Vietnam still maintained their market share and increased by more than 4%.
Representatives of the Vietnam Textile and Apparel Association forecast that Vietnam's textile and garment exports will continue to be positive in the coming months, because cyclically, demand for goods often increases sharply in the last months of the year.
Key export markets are warming up and have grown again, such as the US, South Korea, Japan, Canada... The export target of 44 billion USD of Vietnam's textile and garment industry in 2024 is feasible.
