The northwestern province of Tay Ninh generated almost 1.3 billion USD in export revenues during the first eight months of 2014, representing a year-on-year increase of 18.8 percent.

According to the provincial Department of Industry and Trade, the province’s low imports, totalling 867.6 million USD, resulted in a trade surplus of almost 450 million USD for 2014 so far.

The province’s major income-generating export goods all noted an increase in sales, including garments and textiles (8.6 percent), footwear (48.7 percent), cashew nuts (38.2 percent), handicrafts (5.6 percent) and rubber (2.4 percent).

(Photo for illustration. Source: danviet.vn)

Foreign businesses contributed approximately 1 billion USD to the locality’s total export revenue, an increase of 27.5 percent, while local enterprises generated 259 million USD, a decrease of 4.8 percent, and State-owned businesses generated 18 million USD, a decrease of 11.5 percent year-on-year, the department said.

The department reported that the main goods imported in the last eight months were materials for garment production and processing.

In an effort to reduce the province’s dependence on imported materials, mostly from China, textile and garment enterprises have been allocated 278ha in the Thanh Cong industrial park in An Hoa commune, Trang Bang district, to boost production and support industries.

Additionally, support industries for the textile sector will be developed on 100ha in the Moc Bai border gate economic zone, aiming to supply on-the-spot materials to industrial parks and economic zones throughout the province.

Source: VNA