For the first nine months of 2024, Nghe An’s total import turnover is estimated at 1,690 million USD, a 73.51% increase compared to the same period in 2023, reaching 112.67% of the plan.
Along with that, the province’s total export turnover is estimated at 2,326 million USD, a 32.01% increase compared to the same period last year, achieving 84.58% of the plan.
This growth is attributed to several factors, including increased orders and expanded production lines in some factories, as well as the commencement of new factories operating at stable capacity. As a result, certain export commodities have witnessed significant growth compared to the previous year. These include footwear, up by 88.1%; electrical equipment and electronics, up by 84.4%; wires and cables, up by 74.5%; textiles and garments, up by 30.1%; and various steel products, up by 29.2%. In addition, rice exports from Nghe An enterprises increased by 75%…
During this period, Nghe An businesses exported goods to 142 countries and territories worldwide.
Export turnover to several markets saw significant increases compared to the previous year, notably Singapore (up 111.5%), Hong Kong (up 87.5%), Taiwan (up 68.4%), Germany (up 47.7%), Japan (up 28.8%), and South Korea (up 16.7%), to name a few.
Nghe An’s export turnover for 2024 is estimated to reach approximately 3.5 billion USD. In contrast, the import turnover for the first nine months was estimated at 1,690 billion USD, a 73.51% increase compared to the same period in 2023.
According to the leadership of the Nghe An Department of Industry and Trade, to promote the rapid and sustainable development of the province’s import and export activities, the industry has focused on supporting textile and garment businesses and agricultural product processing enterprises to participate in trade promotion activities and engage with commercial attachés to expand and seek consumer markets,…
The Nghe An Industry and Trade sector also organized business connection conferences between Nghe An enterprises and businesses in Houston, Texas (USA). They facilitated a delegation to attend the business connection program, exhibition, and trade promotion activities for export within and outside the country in Phnom Penh (Cambodia)…
Previously, Nghe An set a target for export turnover of 2.75 billion USD in 2024, with six groups of goods having an export turnover of 100 million USD or more.
Topping the list is the group of electrical equipment and electronic components with an export turnover of about 680 million USD. This is followed by the group of construction materials with 550 million USD; textiles and garments with 500 million USD; wood chips with 200 million USD; seafood with 140 million USD; and footwear with 100 million USD.
In 2023, Nghe An’s total export turnover reached 3.11 billion USD, surpassing the 3-billion-USD mark for the first time, with exports accounting for approximately 2.5 billion USD.
Nghe An is emerging as the new “capital” of electronic component manufacturing in Vietnam, attracting five tech giants: Foxconn, Luxshare, Goertek, Everwin, and JuTeng.
In 2022 and 2023, Nghe An attracted a total of nearly 2.5 billion USD in FDI, with over 1.6 billion USD in 2023 alone. The production of electrical equipment and electronic components has been a rapidly growing sector in Nghe An’s exports recently. For 2024, the province aims to produce 580 million electronic component products.
The total export turnover of electrical equipment and electronic components in Nghe An will continue to increase in the coming years as the projects become fully operational.
In the past, export turnover has been a prominent highlight for Nghe An Province, surpassing the target set by the Resolution of the 19th Provincial Party Committee (term 2020-2025) in the very first year of the term. The goal for 2025 was set at 1.765 billion USD, but in 2021, Nghe An achieved 2.428 billion USD. This was followed by 2.539 billion USD in 2022 and over 3 billion USD in 2023, reaching 3.11 billion USD…
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