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Vinh Long aims for $200mil in exports
The southern province of Vinh Long is gearing up to earn US$200 million in export turnover in 2009, according to Vinh Long People's Committee. This represents a yearly increase of 10.67 per cent.
The province will focus on exporting the province's key products, including 200,000 tonnes of rice, 1,000 tonnes of frozen seafood, 4,000 tonnes of fruit and mushrooms, and 17 million eggs.
Apart from the core products, the province will be developing new products such as sport shoes, clothes, medicine and healthcare equipment. These exports are expected to bring in about $95 million in export turnover for the province this year.
To reach the targets, businesses in the province need to build an export strategy and continue to reach traditional export markets in Indonesia, the Philippines, South Korea, China and the EU. They will also need to boost exports to new markets in Africa, according to Vinh Long People's Committee.
Vinh Long encourages the development of co-operatives and associations to support the sale of products from businesses and farmers, and to enhance capital investment, the variety of goods and the quality of products.
The southern province of Vinh Long will expand agricultural land areas, as well as increasing production of the province's special rice varieties and fruits to build the province's trademarks in the near future.
In 2008, the province earned $181 million in export turnover, up 24.4 per cent over the previous year, but reached only 91.3 percent of set target.
Footwear was the province's most increased export last year - up 29.93 per cent on last year, while rice exports only reached 72 per cent of 2008's target.
Total import revenue for last year was $95 million, an increase of 21.8 per cent over the previous year. The province is also striving to meet an import revenue target of $105 million this year.
Viet Nam News
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