KIEN GIANG BOOSTS EXPORTS

The locality will enable exporters to gain access to loans while increasing trade promotion activities, reinforcing traditional markets and seeking new potential ones.

Particularly, businesses will receive assistance to produce high-quality goods as well as seek partners to boost exports in 2017.

Apart from developing the local staples of rice and seafood, the province will create the best conditions for investors in industrial parks to engage in export activities, thus increasing export turnover.

A customs department is taking shape at the Thanh Loc industrial park to make it easier for businesses to complete all necessary export procedures.

According to the provincial Department of Industry and Trade, the local export turnover reached US$180 million in the first six months of 2016, a year-on-year rise of 6.58%.

Businesses exported their commodities to over 30 markets, a reduction of 10 markets against the same period last year. Key markets include Ghana, Indonesia, China, the Philippines, and South Africa.

Director of the department Huynh Van Ganh said businesses are now lacking capital to buy material and feed processing activities. If there is no solution to this issue, the province’s export turnover in 2016 could decrease by US$40-60 million, failing to reach the yearly target, he added.

He suggested businesses boost restructuring and improve capital management.

Source: VGP