USD exchange rate “escalates” - pressure on import-export businesses

(Baohatinh.vn) - The USD exchange rate continues to increase, putting pressure on import-export enterprises in Ha Tinh in the context of facing difficulties due to political instability, trade war, and tariff policies.

In the first months of 2025, the USD price at domestic commercial banks was continuously adjusted according to the world 's fluctuations. In particular, in June, the USD exchange rate fluctuated every day, tending to increase.

On June 20, 2025, the USD exchange rate was listed by Vietcombank Ha Tinh at 26,276 VND/USD for sale. In the context of production and business being affected by many factors, the "escalating" USD exchange rate has put more pressure on businesses participating in import and export in the area.

On June 20, 2025, the USD exchange rate was listed by Vietcombank Ha Tinh at 26,276 VND/USD for sale.

Thien Loc Animal Feed Joint Stock Company (Can Loc) specializes in providing animal feed for the domestic market. The company imports large quantities of raw materials from many countries around the world to serve the production line. Recently, the company has faced many challenges in production and business activities due to the strong fluctuations in the USD exchange rate since the beginning of the year.

Mr. Le Bao Trong - Head of Planning - Materials Department, Thien Loc Animal Feed Joint Stock Company said: "We import corn, dried beans from Argentina, Brazil...; meat meal from Czech Republic, Italy...; wheat from Australia and some European countries... The increase in USD exchange rate along with many other factors has pushed up the price of imported raw materials, especially the price of imported corn has increased by over 11% since the beginning of the year. Every month, businesses import thousands of tons of raw materials, generating hundreds of millions of VND more than at the beginning of the year. In general, fluctuations in USD exchange rate cause businesses to face many difficulties in financial planning, forecasting production costs and product selling prices, thereby affecting cash flow in and out... In addition, USD loan interest rates at banks have also increased compared to 2024, creating more disadvantages for importing businesses.

Import-export businesses in the area face difficulties when the USD exchange rate increases.

According to Mr. Le Bao Trong, despite the increase in raw material prices, Thien Loc Animal Feed Joint Stock Company still strives to implement solutions to stabilize prices and ensure product quality, increasing competitiveness in the market. Accordingly, the company continues to invest in modern production lines, increase labor productivity; focus on developing new product lines, products with high intellectual content; calculate the structure of using raw materials reasonably and effectively, diversify raw material supply sources to proactively operate the production line... In 2025, the company aims to produce and consume 13,000 tons of bran, with revenue of over 115 billion VND, an increase of nearly 20% compared to 2024.

Economic experts analyze that when the exchange rate increases, export businesses benefit. However, the level of profit depends on the percentage structure of exported goods, the percentage structure of imported raw materials...

Sao Mai Joint Stock Company (Bac Cam Xuyen Industrial Park) specializes in manufacturing packaging for export to Korea, Laos, Thailand, etc. The company imports about 60% of raw materials from Korea (nearly 130 tons of plastic granules/month). The USD exchange rate has continuously increased in recent times, causing the company to incur additional costs. In terms of packaging exports, the increase in USD exchange rate means earning more domestic currency. However, the increase in exchange rate also causes foreign partners to reduce import output from Vietnam, so the export orders and revenue of Sao Mai Joint Stock Company have decreased accordingly. Since the beginning of the year, the company has exported nearly 7 million packaging pieces, with export revenue reaching nearly 1.2 million USD.

Production line at Sao Mai Joint Stock Company.

According to Ms. Tran Thi Khuyen - officer in charge of import and export (Sao Mai Joint Stock Company): To overcome difficulties when the exchange rate increases, the company has been reducing the volume of imported raw materials and increasing the volume of purchased raw materials domestically. In addition, the company continues to invest in automatic production lines to increase labor productivity, reduce production costs, reduce product prices, increase competitiveness in the market, and diversify consumption markets, especially the domestic market.

With the increase in USD exchange rate, local import-export enterprises with products such as fibers, garments, wood chips, seafood, etc. have proactively developed production and business strategies based on optimizing production processes and applying modern technology to increase labor productivity, reduce costs, and stabilize product prices. At the same time, they have researched and found feasible solutions to purchase domestic raw materials to reduce imported raw material output; diversified export markets, and sought new potential markets.

According to the Department of Industry and Trade of Ha Tinh, in the first 5 months of 2025, the province's total export turnover reached 605.6 million USD, down 37.5% over the same period in 2024; the province's total import turnover reached 1,225.48 million USD, down 28.92% over the same period in 2024.

Ha Tinh has many products for export.

In the coming time, the Department of Industry and Trade of Ha Tinh will continue to grasp the difficulties of import-export enterprises in the area to have solutions to overcome them. In particular, continue to coordinate the implementation of policies to support enterprises such as: creating conditions for preferential loans from banks, participating in domestic and foreign trade promotion programs, promoting on e-commerce platforms to boost export activities.

At the same time, continue to create conditions for businesses to participate in exporting in the area by container, especially the shipping route from Vung Ang to international ports to reduce costs as well as increase competitiveness for businesses...

Source: https://baohatinh.vn/ty-gia-usd-leo-thang-ap-luc-doi-voi-doanh-nghiep-xuat-nhap-khau-post290323.html