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VietNamNews

Tiền Giang sees significant growth in export turnover

Update: July, 02/2018 - 19:00
Export activity of Tiền Giang Province grew significantly in the first six months of the year. Photo: TTXVN-VNA
Viet Nam News

TIỀN GIANG — Total export turnover of the Cửu Long (Mekong) River Delta Province of Tiền Giang reached US$1.27 billion in the first six months, a year-on-year increase of 6.8 percent, according to Ngô Văn Tuấn, chairman of the provincial Department of Industry and Trade.

The province’s main export products, copper pipes (US$244 million), footwear products (US$230.8), textile fibres (US$210.5 million), and rice (US$93.2 million), recorded significant growth.

In the last six months, the province’s exports to the US, EU and Asia rose by 6.7 per cent, 10.8 per cent and 3.8 per cent, respectively.

To raise prices in the market, rice exporters are reorganising their exports by reducing the export of low- and medium-quality rice and increasing high-quality rice exports

According to the province’s enterprises, the price of rice exports this year has risen 17 to 20 per cent compared to last year.

Local enterprises are also expanding their exports to new markets, especially those that have free trade agreements (FTA) with Việt Nam. This will increase production and prevent dependency on one market, Tuấn said.

The province aims to reach export value of US$1.37 billion in the next six months, and an estimated US$2.65 billion for the whole year, an increase of 6.3 per cent compared to last year. —VNS

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