Exports face difficulties in the second half of the year?

Import and export goods at Hai Phong port. Photo: N.Linh

The Ministry of Industry and Trade stated that in the last months of the year, there are three main difficulties, hindering export growth of Vietnam.

First, In the June 2020 World Economic Outlook report, the International Monetary Fund (IMF) forecasts that the global economy could drop 4.9% in 2020, down 1.9 percentage points compared to forecast of April 2020, due to the more serious Covid-19 disease than expected.

Monday, Covid-19 epidemic is still complicated in many countries, posing great risks. Concerns have reappeared in Asia, after a number of countries faced the risk of a second outbreak such as China, South Korea, while the number of patients increased sharply in India …

The Ministry of Industry and Trade analyzed that, before the situation of the second lane of the Covid-19 epidemic could return, the Chinese side had applied measures to limit the spread of the disease as the Beijing city government had to. cancel all domestic flights, restrict travel, ban people from traveling to prevent disease.

These are considered to be tough, “wartime mechanism” measures to proactively and effectively deal with the new wave of infection. Beijing authorities and some localities have conducted a review of the origin, quality and quality of food products in the area.

In addition, the Guangxi government is strictly implementing the regime of goods management in markets and supermarkets; In particular, it enhances the inspection of papers such as quality certification, certificates of origin and purchase documents for agricultural products used as food.

For the Chinese market, it must be added that the authorities of Dong Hung city, which shares the border with Mong Cai (Quang Ninh), has recently strengthened the checking of origin, origin and product quality for seafood and meats at markets, supermarkets and hotels in the area.

Under the above situation, the Ministry of Industry and Trade recommends businesses and households producing agricultural and aquatic products to be exported to China for enhanced quality supervision, actively coordinating with import partners to strictly abide by the regulations on pepper. quality standards, food safety, traceability.

At the same time, businesses need to actively monitor and capture market information in order to be proactive in bringing goods to border gates, thereby contributing to reducing risks and clearance time for goods at border gates. .

The third most difficult factor As mentioned by the Ministry of Industry and Trade, the Vietnam-EU Free Trade Agreement (EVFTA) comes into force from August 1 st, although it is assessed to open up many opportunities for goods export, but it also creates Great competitive pressure in the domestic market of Vietnam.

Particularly difficult for agricultural products because when EVFTA takes effect, the roadmap for tax reduction is implemented, many products with EU standards will have the opportunity to enter Vietnam with more competitive prices than at present.

Besides the difficulties faced, according to the Ministry of Industry and Trade from now till the end of the year, there are still some positive points to support export activities. Typically, many countries begin to relax disease control measures and begin to accelerate the recovery process.

In addition, in 2019, when US-China trade tensions escalated, multinational companies moved capital flows and supply chains outside China to avoid dependence on a material supply.

By 2020, the Covid-19 epidemic is seen as a push for this wave to take place faster. Meanwhile, the good control of Covid-19 epidemic is opening a golden opportunity for Vietnam to receive this capital inflow.

According to the Customs Newspaper