Tien Giang (VNA) – The Mekong Delta province of Tien Giang is making significant strides toward its yearly export target of 5 billion USD, thanks to a thriving performance in the first half of this year.
Director of the provincial Department of Industry and Trade Luu Van Phi said the locality has already secured 2.97 billion USD in exports during the period, up nearly 11% annually and reaching around 60% of the yearly goal.
The growth was largely driven by the industrial sector which witnessed a 32% year-on-year increase, bringing in a total of 2.37 billion USD and accounting for over 80% of the province's total exports. The agro-forestry-fisheries sector also played a contributing role, generating 252 million USD, a rise of 7.32% year on year and equivalent to 8.52% of the total.
The US remained its top export destination, absorbing over 21% of its exports, followed by Russia, India, China, and Germany.
To achieve the goal for the whole year, the province is taking a multi-pronged approach, with trade promotion activities targeting new and promising markets, particularly those less vulnerable to inflationary pressures but with strong growth potential.
Furthermore, the department is actively promoting digital transformation by facilitating the issuance of preferential Certificates of Origin (C/O), as this will empower local businesses to effectively leverage free trade agreements and boost their export competitiveness.
Workshops and training sessions are being held to equip exporting enterprises and cooperatives with the latest knowledge and regulations on export markets, as provided by the Ministry of Industry and Trade. This will ensure they are well-equipped to navigate the intricacies of global economic integration.
The department is also fostering the adoption of information technology through e-commerce platforms and digital tools. This initiative aims to expand markets for local competitive products, including rice, fruits, processed seafood, apparel, leather and footwear./.
