An Giang earns over 500 million USD from export in 8 months
The Mekong Delta province of An Giang earned 506.3 million USD in the past eight months, up 6.5 percent year on year, fulfilling 61.7 percent of the yearly plan, reported the provincial Department of Industry and Trade.
Loading rice for export at Saigon port in Ho CHi Minh City (Illustrative image. Source: VNA)
An Giang (VNA) – The Mekong Delta province of An Giangearned 506.3 million USD in the past eight months, up 6.5 percent year on year,fulfilling 61.7 percent of the yearly plan, reported the provincial Departmentof Industry and Trade.
The high result was mostly due to growth in exports of rice and frozen trafish. In the reviewed time, the province shipped abroad 243,400 tonnes of ricefor 112.6 million USD, equal to 92.7 percent of the revenue in the same periodlast year.
The province raked in 156.5 million USD for selling 81,300 tonnes of aquaticproducts.
At the same time, An Giang also earned 64 million USD in exports of garmentand textile, up 2.9 percent year on year.
Vo Nguyen Nam, Director of the An Giang Department of Industry and Tradesaid that the province will continue providing local firms with marketinformation, especially developments and policies of the Chinese market, while removingobstacles facing enterprises in case of negative developments in the markets.
The province will also provide early forecast on the demand and pricesof major export products, thus helping local businesses design productionplans, he added.-VNA
Agricultural processors should develop their local distribution systems and not just focus on exports if they wish to develop sustainably, said an official at the Ministry of Industry and Trade (MoIT).
Ho Thi Kim Thoa, deputy minister of industry and trade, said the domestic market for farming goods and services in 2011 showed a year-on-year increase of 24.3 percent and reached 2,004 trillion VND (95.4 million USD).
She said that if processors only focused on exports and did not expand their share of the local market they will be vulnerable to global downturns. Meanwhile, she said, foreign firms have expanded their market share in Vietnam .
The Mekong Delta province of An Giang will apply a number of measures to increase export activities in an effort to earn 1 billion USD from exports in 2014, a 4.1 percent rise over 2013.
Export turnover in Tien Giang province hit 1.32 billion USD in the first nine months of this year, up 23 percent compared to the same period last year - the highest growth recorded thus far.
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Loading rice for export at Saigon port in Ho CHi Minh City (Illustrative image. Source: VNA) 
