Phu Tho: Import and export recover impressively

According to data released by the General Department of Customs, Phu Tho continues to maintain its 9th position out of 63 localities with large contributions to exports in the first 7 months of 2024 with 8.1 billion USD. This shows a fairly good recovery of many enterprises in the industrial sector in the first half of this year.

Phu Ha Industrial Park, Phu Tho town, has only 28 FDI enterprises but accounts for more than 80% of the province’s total export value.

With the recovery of the world market, export orders have increased, so import and export activities in the first half of 2024 continue to flourish and achieve positive results. According to statistics, there are currently over 280 enterprises operating in import and export in Phu Tho province.

The industrial production index (IIP) in the first 7 months of the year in Phu Tho recorded an increase of 38.4% over the same period last year, mainly due to the processing and manufacturing industry; the electricity production and distribution industry increased. Some key industrial products that increased compared to the same period last year include: Laptops (including notebooks and subnotebooks) estimated at 7.3 million units, 2.19 times higher than the same period; integrated electronic circuits estimated at 44.2 million units, up 28.7%; plastic products estimated at 80.1 thousand tons, up 5.3%; ready-made garments estimated at 58.6 million products, up 4.3%;...

Workers inspect optical glass products at JNTC Vina Co., Ltd., Thuy Van Industrial Park, Viet Tri City.

However, the main problem for businesses now is to keep up with demand. Manufacturers will need to increase their workforce faster and continue to ensure the purchase of additional raw materials if the current trend of new orders is maintained in the coming months. So far, the number of workers working in industrial enterprises in the province has increased by 0.7% compared to the previous month and increased by 8% compared to the same period last year.

Mr. Nguyen Hien Minh, Director of the Provincial Statistics Office, said: Through the survey of business trends of industrial enterprises in the province, up to 86.86% of enterprises said that production volume increased and remained the same; 82.61% of enterprises said that the number of new orders increased and remained the same; and only 13% of enterprises expect to reduce production volume in the last 6 months of the year.

Regarding the recovery momentum of the business sector, economic experts said that this recovery is also clearly demonstrated in the relatively high increase in both exports and imports. This shows that enterprises not only have a good number of orders but also show a very positive level of importing raw materials for production.

In the first 6 months of the year, Almus Vina Company Limited, Phu Ha Industrial Park, Phu Tho Town, estimated to pay 19 billion VND in taxes.

Currently, many new and large projects in the area have just been completed and are preparing to go into operation, such as the paper production project of Mylan Paper Company Limited, the plastic product production project of Lidong Vietnam Company Limited, the electronic equipment production project of Innovation Tuong Lai Viet Company Limited, MDF Mekong Wood Joint Stock Company, Mehomes Vietnam Real Estate Consulting and Investment Joint Stock Company, etc. These projects will create momentum for the industrial production sector to grow strongly in the following months.

Mr. Phan Trong Tan, Member of the Provincial Party Committee and Vice Chairman of the Provincial People’s Committee, said: In the coming time, the province will continue to strengthen its grasp of the business situation of enterprises and support manufacturing enterprises in accessing credit capital, markets, investment procedures, and land. At the same time, promptly implement preferential credit policies, reduce taxes, fees, and charges, and enhance people and businesses' access to credit. In particular, the province will promote support for technological innovation, digital transformation, participation in industry clusters, value chains, access to new markets, and export markets to expand opportunities for businesses.

Thus, the decisions to remove difficulties in production and business and connect markets are proving effective, creating great support for the production and business - import and export momentum of the whole year. Thereby, Phu Tho continues to maintain its position in the top 10 “Leading Birds” in terms of export turnover nationwide.

Thanh Tra