Khanh Hoa export fetches over one billion USD in fifth consecutive year

Two employees at a shop selling Salanganes, one of Khanh Hoa's export commodities. (Source: VNA)

Khanh Hoa (VNA) – Export value of the south central province of Khanh Hoa is expected to reach 1.21 billion USD in 2016, an eight-percent increase against last year.

This is the fifth consecutive year Khanh Hoa’s export value has surpassed one billion USD.

Khanh Hoa’s main export commodities include new vessels, processed seafood, coffee, salanganes, garment and textile, and sand.

The province’s import value is estimated at 720 million USD, producing a surplus of nearly 500 million USD.

According to the Khanh Hoa statistics office, from 2014-2016, import value was over 700 million USD with machinery, raw seafood, fibre, silk for industrial production being key import goods.

In 2017, Khanh Hoa aims to fetch 1.32 billion USD from exports. The shipping industry plans to build eight vessels, four less than in 2015 when the ship-building industry’s export value hit 390 million USD.-VNA