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Bac Giang eyes $6.5b in exports

Update: November, 14/2015 - 09:16

Bac Giang targets export revenues of US$6.5 billion with an annual export growth of 20 to 21 percent from 2016-20. — Photo baobacgiang

BAC GIANG (VNS) — The northern province of Bac Giang has targeted export revenues of US$6.5 billion with an annual export growth of 20 to 21 percent from 2016-20.

To this end, the province will implement comprehensive solutions to increasing both export volumes and the value of its products, said Vice Chairman of the provincial People's Committee Duong Van Thai.

Attention will be paid to commodities with high technological contents, as well as environmentally friendly products, while export markets will be diversified through seeking out new markets. The province's key export products include garments and textiles, electronic components, computers and accessories.

According to the Vice Chairman, local export activities have seen stellar performances, with total earnings expected to reach $2.6 billion this year. Further, average export growth stood at nearly 51 percent per year from 2011-15, which is higher than the nation's estimated figure of 18 percent.

However, the province's exports still faced a number of obstacles, including low added value products, high input costs, labour shortages and slow administrative procedural reforms. — VNS

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