Kien Giang set to increase exports

Jul 12th at 08:19
12-07-2018 08:19:15+07:00

Kien Giang set to increase exports

Kien Giang Province will focus on improving exports by increasing product quality, and holding more promotion and networking events for Vietnamese firms, according to the provincial Department of Industry and Trade.

 

Within the first six months of the year, provincial exports totalled US$269 million, which was more than 51 per cent of the year’s target and 45 per cent higher than the same period last year.

Agricultural products alone accounted for $117 million, while seafood totalled $81.5 million.

The biggest export earners were rice and frozen and processed seafood.

Rice, which is exported to 11 countries and territories, saw a 34 per cent increase in output and 51.6 per cent increase in value compared to the same period last year.

Several Kien Giang businesses said they would export canned seafood to the US, and pineapples and fish sauce to South Korea.

The province said that it would also focus on improving the quality of exports and help firms build more sources of high-quality raw materials.

The province is developing brackish-water shrimp farming under international standards for exports, in addition to increasing the farming area for high-value rice.

Kien Giang targets reaching an annual $1 billion of export value by 2020.

bizhub



NEWS SAME CATEGORY

Sign of transfer pricing as loss-making FDI firms still expand in Vietnam

Many foreign direct investment (FDI) enterprises have kept expanding their investment in Vietnam despite having constantly posted losses for several years, an...

Foreign investors concerned about tax incentives and procedures

The lack of flexibility in tax incentive policies and the authorities’ delays in helping foreign investors to complete licensing procedures are two factors...

Electronics retailer owes $6.42m in fines, back taxes over past decade

HCM City-based electronics retailer Nguyen Kim has been asked to pay nearly VND150 billion (US$6.42 million) in fines and tax arrears after it was found to have...

Can Tho ready for investment promotion conference

Three thematic discussions, on service centre development, high-tech agriculture, and science and technology development, will take place during a conference to...

Tiki may suffer from losses for three more years

As startup enterprises are commonly suffering losses, with examples of firms running in the red for an entire decade, Tiki may have a long three years ahead.

Regional minimum wage may increase by 8 per cent in 2019

As usual, increasing the regional minimum wage in early 2019 is a topic of heated debate between authorities and representatives for employers and employees.

US-China trade war to hurt VN economy

The ongoing US-China trade war will greatly impact the structure of the world economy in the future, causing damage but also generating indirect opportunities for...

Tax and investment changes concern foreign firms

The changes in tax policy and investment incentives are the issues of greatest concern for foreign investors in Viet Nam, said Bui Ngoc Tuan, deputy general...

HCMC to resolve customs issues facing Korean firms

The HCM City customs department informed South Korean firms about new trade regulations and resolved problems faced by the latter in carrying out customs procedures...

European firms optimistic about Viet Nam’s business environment

European firms remain optimistic about the business environment in Viet Nam, according to EuroCham’s latest Business Climate Index (BCI).


MOST READ


Back To Top