The northwestern province of Tay Ninh generated almost 1.3 billion USDin export revenues during the first eight months of 2014, representing ayear-on-year increase of 18.8 percent.
Accordingto the provincial Department of Industry and Trade, the province’s lowimports, totalling 867.6 million USD, resulted in a trade surplus ofalmost 450 million USD for 2014 so far.
Theprovince’s major income-generating export goods all noted an increase insales, including garments and textiles (8.6 percent), footwear (48.7percent), cashew nuts (38.2 percent), handicrafts (5.6 percent) andrubber (2.4 percent).
Foreign businesses contributedapproximately 1 billion USD to the locality’s total export revenue, anincrease of 27.5 percent, while local enterprises generated 259 millionUSD, a decrease of 4.8 percent, and State-owned businesses generated 18million USD, a decrease of 11.5 percent year-on-year, the departmentsaid.
The department reported that the main goodsimported in the last eight months were materials for garment productionand processing.
In an effort to reduce theprovince’s dependence on imported materials, mostly from China, textileand garment enterprises have been allocated 278ha in the Thanh Congindustrial park in An Hoa commune, Trang Bang district, to boostproduction and support industries.
Additionally,support industries for the textile sector will be developed on 100ha inthe Moc Bai border gate economic zone, aiming to supply on-the-spotmaterials to industrial parks and economic zones throughout theprovince.-VNA
Accordingto the provincial Department of Industry and Trade, the province’s lowimports, totalling 867.6 million USD, resulted in a trade surplus ofalmost 450 million USD for 2014 so far.
Theprovince’s major income-generating export goods all noted an increase insales, including garments and textiles (8.6 percent), footwear (48.7percent), cashew nuts (38.2 percent), handicrafts (5.6 percent) andrubber (2.4 percent).
Foreign businesses contributedapproximately 1 billion USD to the locality’s total export revenue, anincrease of 27.5 percent, while local enterprises generated 259 millionUSD, a decrease of 4.8 percent, and State-owned businesses generated 18million USD, a decrease of 11.5 percent year-on-year, the departmentsaid.
The department reported that the main goodsimported in the last eight months were materials for garment productionand processing.
In an effort to reduce theprovince’s dependence on imported materials, mostly from China, textileand garment enterprises have been allocated 278ha in the Thanh Congindustrial park in An Hoa commune, Trang Bang district, to boostproduction and support industries.
Additionally,support industries for the textile sector will be developed on 100ha inthe Moc Bai border gate economic zone, aiming to supply on-the-spotmaterials to industrial parks and economic zones throughout theprovince.-VNA
