Business

Tay Ninh records healthy half-year export revenue

Southern Tay Ninh province exported commodities worth nearly 1.14 billion USD in the first six months of 2015, an annual increase of 24 percent.
Southern Tay Ninh province exported commodities worth nearly 1.14billion USD in the first six months of 2015, an annual increase of 24percent.

More than 80 percent of the figure, equal to922 million USD, was generated by foreign-funded businesses operating inthe locality.

The private sector accounted for 17.76 percent of the local export revenue, valued at 201 million USD.

The public sector saw an annual export reduction of 16 percent.

Major goods shipped abroad included apparel, footwear, rubber products, cassava starch and cashews.

Stable outsourcing contracts in the garment and textile as well asleather and footwear sectors helped local export propel its half-yearmomentum. Accordingly, the two industries reeled in 404 million USD and246.8 million USD, respectively.

According to Le ThanhCong, Vice Director of the Tay Ninh Department of Industry and Trade,the province will continue capitalising on its healthy exports andassist local enterprises to expand their markets overseas.

Tay Ninh targets 2 billion USD in export turnover by the end of this year, noted Cong.-VNA
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