Vinh Phuc rakes in 802 mln USD in export revenue
The northern province of Vinh Phuc grossed 802 million USD in export revenue in the first six months of 2016, a year-on-year rise of 10.1 percent.
Illustrative image (Photo: VNA)Domestic businesses recorded 27.2 million USD in export turnover, a yearly increase of 22.1 percent, while foreign invested firms raked in 775 million USD, up 9.7 percent.
High revenue commodities included electronic products, vehicles and spare parts, and garment-textile.
The province’s key traditional markets encompassed the EU, ASEAN, the US, Russia, Japan, China, the Republic of Korea, and Taiwan (China).
Local authorities have created all favourable conditions for businesses to stabilise manufacturing activities and promote products’ brand names in recent years.
The province has focused on land clearance and infrastructure investment in industrial parks while attracting companies in the support industry.
Additionally, the locality is pushing ahead with administrative reform and enhancing human resources training with a view to drawing tens of foreign direct investment (FDI) projects on an annual basis.-VNA
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