The Industry and Trade Department of the Mekong Delta province of Tien Giang reported export earnings of 1.48 billion USD in the past nine months of this year, a surge of 14.6 percent from the same period last year.
The figure, which accounted for 70 percent of the yearly plan, is expected to help the province reach its export value target of 2.1 billion USD set for this year.
Foreign-invested businesses continued asserting their leading role in the activity by making up 63 percent of the total export, with such products as handbags, shoes, apparels, processed aquatic products, vegetables and fruits, and plastic items.
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| Traders buying green-skin and pink-flesh grapefruits in Tien Giang province |
Businesses have been striving to expand their export markets beyond the traditional European ones, said the Department.
As that, the US, which is a new, potential market, accounted for 90 percent of the locality’s export earnings from the American region.
Export outcomes reflected the local administration’s effort to constantly improve the business and investment environment, accelerate trade promotion activities, and encourage the start-up spirit.
That effort allowed the province to reel in 17 new investment projects capitalizing at over 9.2 trillion VND (414 million USD) over the past nine months, a rise of 4 and 3.6 times in terms of the number and value of projects in compared with the same period last year. In addition, eight operating projects asked to increase their capital by over 1.35 trillion VND (60.75 million USD), 4 projects more and 75 percent higher in registered capital year on year.
Tran Hoang Phong, Vice Director of the Planning and Investment Department, noted that more effort should focus on bettering the investment and business climate, hastening the administrative reform, building complete technical infrastructure, and boosting dialogues between local agencies with businesses and investors to timely tackle obstacles to their production and export.
Source: VNA