Diversifying raw material supply for industrial sectors

(ĐN)- In the first two months of 2025, Dong Nai spent over $2.52 billion on imports, with China alone accounting for over $900 million (36% of total imports), a 36% increase year-on-year. Key imported goods include fabrics, footwear materials, chemicals, steel, plastics, electronics, and machinery.

China remains the largest import market for both Dong Nai and Vietnam. In early 2025, Vietnam imported $23.3 billion worth of goods from China, leading to a trade deficit of $15.4 billion. Some key industries in Vietnam rely on China for 50-80% of raw materials, posing long-term risks. The COVID-19 pandemic exposed vulnerabilities in supply chains when Chinese factories shut down, disrupting production in Vietnam.

Economic experts recommend diversifying raw material sources to reduce dependence on China, prioritizing domestic suppliers, and exploring alternative markets. However, many businesses struggle to find affordable alternatives, as materials from other countries are often more expensive and less diverse.

To ensure stable industrial production and exports, Dong Nai and Vietnam need better policies to attract investment in the supporting industries sector.

Reported by U.N