Economy
VN eyes $2 bilion in cassava export on China’s import demand
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| Two employees at a shop selling Salanganes, one of Khanh Hoa’s export commodities. |
Viet Nam News
HÀ NỘI — The People’s Committee of the southern province of Khánh Hòa has approved the construction of a major fisheries centre for the coastal south central region.
Covering 65ha at the Đá Bạc fishing port in Cam Ranh City, the VNĐ1.2 trillion (US$53 million) centre is set to be the largest and most modern in the central region once it is operational.
Some VNĐ276 billion, which was mobilised from the State budget and through Japanese loans, will be used to upgrade the Đá Bạc fishing port as part of the project.
Meanwhile, the French Development Agency has agreed to Khánh Hòa’s proposal on a loan of VNĐ423 billion to build a dynamic fishing port.The centre is expected to house 120,000 tonnes of seafood via the seaports when it becomes operational in 2018.
It will also accommodate vessels with capacity up to 2,000CV and provide storm shelter for over 2,000 fishing boats.
Export turnover
Export value of the province is expected to reach $1.21 billion in 2016, an eight per cent increase from last year, marking the fifth consecutive year Khánh Hòa’s export value has surpassed $1 billion.
Khánh Hòa’s main export commodities include new vessels, processed seafood, coffee and salanganes, as well as garments, textiles and sand.
The province’s import value is estimated at $720 million, producing a surplus of nearly $500 million.
In 2017, the locality aims to fetch $1.32 billion from exports. — VNS
