Sóc Trăng Province exports surge 23.5 per cent

A shrimp processing factory in Sóc Trăng. The province’s export turnover in the first five months of the year reached US$470 million. — VNA Photo

SÓC TRĂNG — Sóc Trăng Province’s exports rose by 23.5 per cent year-on-year in the first five months to US$470 million.

Seafood and rice were the key exports and both saw high growth in shipments, especially to markets such as the US and Europe. Seafood shipments were up 43.53 per cent.

Footwear, textile and machinery exports saw slight increases.

Sóc Trăng Province has not been too badly affected by the COVID-19 pandemic, according to its People’s Committee.

It has been creating a favourable environment for the seafood and rice sector to develop, such as by increasing shrimp farming areas and soliciting investment in processing. More and more farmers are adopting intensive shrimp farming models and modern technologies.

Processors are also having steady access to raw materials, and last year the province was quick in capitalising on the rising global demand for rice due to the pandemic, according to its Department of Industry and Trade.

The province targets exports of over $1 billion this year. Last year, its exports grew at a faster rate than any other Mekong Delta province’s, reaching $990 million. — VNS

Việt Nam needs development of green products exported to UK

Economy

UK’s carbon tax to affect VN exports

Economy

Việt Nam expects to officially export passion fruit to the US next year

Economy

VN faced with increasing trade defence investigations on rising protectionism

Economy

Experts point out economic growth drivers, challenges for next year

Economy

Thái Nguyên supports businesses to take advantage of UKVFTA to expand exports to UK

More on this story

Economy

Masan Group to distribute over $47.7 million as advance dividend for 2021

Based on its excellent results for the first half of 2021, Masan Group Corporation has decided to distribute more than VNĐ 1.1 trillion (over US$47.7 million) worth of profits in advance as dividends to shareholders for this year.

Economy

Việt Nam, South Korea seek to promote trade, industry partnership

In the first four months of 2021, two-way trade hit $23.7 billion, up 15 per cent year-on-year

Economy

SABECO aiming to source COVID-19 vaccines for employees

Saigon Beer-Alcohol-Beverage Joint Stock Corporation (SABECO) has announced it is working to source COVID-19 vaccines for SABECO’s employees nationwide.

Economy

HCM City aims to disburse at least 95 per cent for public investment

HCM City targets achieving a 95 per cent or higher rate for disbursement of public spending this year.

Economy

Hoa Sen expects revenue growth of 104% in April

A recent report released by Hoa Sen Group (HSG) showed that in April, its revenue is expected to increase more than 100 per cent over the same period last year.

Economy

HCM City retailers stock up on essential items for full year

The HCM City Department of Industry and Trade held an online meeting with a representative of supermarkets, food stores and traditional markets to ensure supply of essential items is adequate in the next six months.

Economy

IPs set up, but Việt Nam still needs to do more to attract investors

There were positive developments of industrial parks in Việt Nam in the first five months of the year, but experts still say the country should do more to attract big investors.

Economy

Việt Nam’s burgeoning EV sector faces roadblocks along the way

As a sector that is crucial to fighting climate change, countries around the world are implementing incentive policies to ‘green’ up the automotive industry.

Economy

Cement exports soar by 50 per cent

Exports of cement and clinker reached an impressive figure of about 19.26 million tonnes in the first five months of this year, increasing by 50 per cent over the same period last year.