Southernmost province aims for $1 billion in exports this year
Southernmost province aims for $1 billion in exports this year
The southernmost province of Ca Mau targets export turnover of more than US$1 billion this year, a year-on-year increase of 10.5 per cent, according to its People's Committee.
The province's key exports will continue to be seafood, including shrimp and cuttlefish, to the key markets of the US, the EU, Japan, Australia, Canada, Russia, China and South Korea, as well as several countries and territories in Africa.
The province's People's Committee said it had helped the Ca Mau Association of Seafood Exporters and Producers develop new trade promotions, with the main aim of expanding and stabilising seafood export markets.
The province has also encouraged local companies to improve their competitiveness by upgrading technologies, a move that would increase output and improve the quality and value of their seafood.
In addition, the provincial government has guided local departments and agencies on ways to improve administrative procedures and offer support policies that would help local companies, including reduction of taxes and interest rates on loans.
According to local officials, these efforts were made in an effort to share the burden with local companies and help them have stable production and business in the new year.
The provincial government has also encouraged the adoption of aquaculture models in which farmers would apply advanced technologies to raise clean and high-quality shrimp for seafood processors in Ca Mau Province.
The province targets upgrading infrastructure, including irrigation, transportation and power systems, to develop shrimp breeding.
The People's Committee said that more favourable conditions would be created to help fishermen catch an estimated 107,000 tonnes of fish this year.
Ca Mau Province has 37 seafood processors, with a production capacity of 180,000 tonnes per year. Of that figure, 160,000 tonnes are exported.
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