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Tien Giang targets US$2.65 billion in export revenue

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The Mekong Delta province of Tien Giang will strive to raise its export revenue by 6% to US$2.65 billion in 2018.

According to Ngo Van Tuan, Director of the provincial Department of Industry and Trade, local export earnings reached US$2.5 billion in 2017, up 19.3% from the previous year and 6.4% higher than the plan.

Robust growth was seen in key earners like agro-fishery products and industrial products, he said, adding that seafood continued to be the driving force for local export.

Last year, the province earned US$410 million from seafood exports, a year-on-year increase of 43%. 90% of the value was contributed by processed tra fish products.

Major importers of local seafood were China, the EU and American countries.

In addition, the province earned US$150 million from exporting 328,000 tonnes of rice, up 2.6 times in both value and volume.

Regarding the industrial sector, most local companies have paid due attention to bolstering investment in modern machines and equipment to improve products’ quality as well as promoting trade to gain foothold in foreign markets.

Garment and textiles, shoes, handbags and copper pipes made up 70% of province’s total export revenue.

To realise the set target in 2018, the province will prioritise traditional markets and make inroad into potential markets.

It will encourage local firms to deploy comprehensive investment measures to upgrade machines and products’ quality and better trade promotion efficiency to break into fastidious markets.

 

Source: VNA

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