By the end of October, the value of export turnover in the industrial sector, small-scale industry reached USD462.76 million, decreased 0.94% compared with the same period. However, in comparison with other commodity categories, this reduction rate was not significant, the export market of this category remained quite stable over the past year, and accounted for 67.97% of the proportion of the total export turnover of the province.

STABLE GROWTH OF PRODUCTS

Notably, this year, the main export products of the province has more steel product. This is considered as a high potential product due to Ba Ria - Vung Tau concentrates many steel production projects. In the past 10 months, this item is exported USD32.9 million. This number is negligible compared to 908 thousand tons of the total output from the early of this year until now. Nevertheless, so far, some enterprises have advised that they had specific export plans to reduce the pressure of increasing supply in the domestic market.

OUTPUT WORRIES

The stability of the categories of small-scale industrial and industrial commodities in the period of economic recovery is a praiseworthy factor. However, there are issues of concern. Three items with quite large export turnover and attracted a great number of workers in this category are clothing, leatherette and leather sharply decreased. As predicted, the three items will not meet the 2009 plan though the growth in the last month was better.

Wind tower is the main category of industrial products but facing with shortage of contracts in 2010. If this item decreases value by 2010, the export turnover value will decrease as a result, since the current turnover of this item accounts for nearly 1/3 of the total export turnover of the local items (excluding crude oil, natural gas).

A worrying problem of the exporters for the current industrial product category is the export prices of items are not increased, even some are sharply reduced. The item with the largest reduction is leatherette of 25% over against the same period. Currently, some items have found more new markets with higher export prices such as garment found South Korea, Malaysia, the Netherlands markets, but number of orders is not much.

With concerns of export prospects for next year, the commerce’s guideline is to encourage businesses to produce potential items such as steel, cement, building stones, ceramic tile ... If these items find out stable market, and the total export turnover will increase significantly. In addition, it should focus on "removing difficulties" for traditional products of the province such as garments, footwear ...; policies of demand stimulation that enable enterprises to overcome difficulties create momentum in the coming year.

Hong Nhung