Province’s export turnover sees sharp increase

Since early this year, province-based businesses have continued working stably. The province has further improved its investment climate and given priority to absorbing hi-tech projects that are in line with the local development orientation.

Main export products with high growth

The province’s export turnover in September is estimated to surge 7.7% compared to the previous month. The value in the first nine months of the year is estimated at more than VND17.66billion, up 15.9% against the same period last year.

Production at Hiep Long Woodwork Company in Thuan An town

Since early this year, the province’s main export industries have maintained high growth at 12%-15% compared to the corresponding period last year. Particularly, the export value of woodwork, garment-textile, footwear and electronics reached US$2.06billion, more than US$1.88billion, US$2.08billion and US$1.40billion, up 15.6%, 15.5%, 15.1% and 8.4% compared to the corresponding period last year or 12.2%, 10.8%, 12.5% and 8,4% of the province’s total export value, respectively.

It is predicted that the province’s export turnover for the remaining three months of the year will further gain high growth. The province’s import value in 2018 is likely to achieve more than US$25.2billion or more than 100% of the set target.

Continuing selectively luring investment projects

Over the past 20 years, the province concentrated on building up a favorable investment climate in order to absorb investors. The whole province is now home to 29 industrial parks of more than 12,700 hectares with the rate of land tenancy reaching approximately 74% and 12 industrial compounds of nearly 800 hectares with the rate of land tenancy at 67%.

The province has developed hi-tech industrial parks at requirements of investors; given priority to absorbing projects in the fields of electricity, electronics, mechanism, pharmaceuticals, chemicals, trade-service…

According to experts, the province’s investment climate has got better and better towards sustainable development. Improving the investment climate, facilitating businesses’ development is seen as a top priority of the province. So far, the province has reached, surpassed some targets pertaining to administrative procedures in trade and investment under the Resolution No.19/NQ-CP of the Government. 

In terms of investment attraction, the province has well realized the local orientation in limiting investment projects that are labour-incentive and at risk of environmental pollution. According to experts, along with building up a synchronous infrastructure system, the province should boost coherence between domestic businesses and foreign partners for better development.

Reported by Tieu My-Translated by K.T

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