Can Tho city posts strong export growth in nine months
Businesses in the Mekong Delta city of Can Tho have enjoyed good export growth, with sharp rises in shipments of rice and aquatic products which make up more than 70 percent of local total export value.
Can Tho (VNA) – Businesses in the Mekong Deltacity of Can Tho have enjoyed good export growth, with sharp rises in shipmentsof rice and aquatic products which make up more than 70 percent of local totalexport value.
According to the Can Tho Department of Industryand Trade, the city’s goods and services export revenue reached 1.27 billionUSD in January-September, up 16.3 percent year on year. Of that sum, goodsexports were estimated at 1 billion USD, up almost 17 percent from a yearearlier.
About 638,100 tonnes of rice worth 261.9 millionUSD were shipped abroad, respectively increasing 22 percent and 19.6 percentyear on year. Meanwhile, 117,000 tonnes of aquatic products were exported,bringing home 378.7 million USD, up 15 percent and 4.8 percent respectively.
Other products with good growth includedprocessed agricultural products (55.4 million USD, up 24.4 percent), steelproducts (17.3 million USD, 46.7 percent), and pharmaceuticals (12.8 millionUSD, up 33.7 percent).
Deputy Director of the municipal departmentDuong Nghia Hiep said on September 20 that poor rice export figures in thefirst half of the year were attributable to fierce competition with Thai rice.However, the situation has improved since June, especially in September.
Many Can Tho businesses have won contracts toship rice to the Philippines, Singapore and Indonesia, he noted, forecasting apositive export outlook in the rest of the year as several companies arenegotiating new contracts.
Exports of catfish and shrimp products have alsobeen growing rapidly since early September. Many shrimp processors face amaterial supply shortage and have to import raw materials from Bangladesh andIndia to fulfill their contracts.
Meanwhile, catfish exports have thrived thanksto China, a new and undemanding market with considerable demand, Hiep said.
He predicted that catfish and shrimp exports toEuropean countries are likely to increase strongly after September to satisfydemand at year-end holidays.-VNA
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