Workers of Quoc Viet Seafood Processing and Trading Company Limited in the southernmost province of Ca Mau process shrimp for export. (Photo: VNA)
Ca Mau (VNA) – The southernmost province of Ca Mauhas targeted to achieve an export revenue of 1.3 billion USD next year.
According to the provincial Department of Industry and Trade, it will implement measures to boost exports, particularly itskey like processed shrimp and fertilisers.
The province will further take advantage of free tradeagreements that Vietnam has signed, and access new markets that have goodpurchasing power and are not hit hard by hiked inflation and economic downturn.
In 2022, the province’s socio-economic recovery programmes andpolicies worked effectively. Its export turnover is estimatedat 1.3 billion USD, 13% higher than planned and 16.5% higher than that of 2021.
Of that, shrimp processing output is estimated at 200,000tonnes, 27.4% higher than planned and up 11.1% compared to 2021.
Fertiliser output is estimated at 1 million tonnes, meeting the target.
According to the department, this year, demand for imports increased sharply in foreign markets as countriesgradually controlled the COVID-19 pandemic.
Meanwhile, input material supplies were quite stable, meeting theproduction needs of enterprises in the province.
As the result, the province this year saw increased growth ofexports to its main markets of the EU, Australia, Canada, the Republic of Korea, and Japan./.
