The central province of Khanh Hoa has set itself the target of reaching 2.4 billion USD in export revenues by 2020 with an annual export growth rate averaging at least 12 percent.

Under the province’s forthcoming export-import strategy, it will strive to run a trade surplus of 300-500 million USD each year.

During the timeframe, the locality will continue its focus on potential sectors for development, such as ship building, seafood processing, garments and textiles and handicrafts.

Khanh Hoa has prepared a string of solutions to expand the market and promote local brand names as well as investing in infrastructure and services for exports.

To fulfill the objectives, the province will upgrade the Cam Ranh International Airport and the Cam Ranh seaport to become a centre of marine and aviation services of the southern central region.

Last year, Khanh Hoa’s export earnings exceeded 1 billion USD with a trade surplus surpassing 500 million USD. In the first seven months of this year, the province shipped abroad nearly 740 million USD worth of goods, including ships, seafood, garments and textiles, coffee and wood products.-VNA