Phu Bai Industrial Park in Thua Thien-Hue province (Photo: VNA) Thua Thien-Hue (VNA) – Businesses in thecentral province of Thua Thien-Hue are expected to earn over 1.05 trillion USDin 2019, up about 15 percent against the previous year.
In its export development plan for 2019-2020, the province focuses on labour-intensiveproducts like garment-textiles as many new projects will be put into operationin the time ahead.
Besides, the locality will promote seafood export in order to bring into fullplay free trade agreements, including those between Vietnam and the EU and betweenVietnam and the Eurasian Economic Union.
Seafood export is projected to reach 81 million USD by 2020, making up 6.5percent of the province’s total export value. Meanwhile, wood and timberproducts are set to bring home 156 million USD and account for 12.5 percent ofthe total number. The province has also pinned high hope on rubber and farmproduce export.
To fulfil the targets, Thua Thien-Hue has deployed mechanisms and policies, andinvested in infrastructure and services in support of exports.
It has sped up the construction of the A Dot border gate economic zone andbuilt a high-tech park and a logistics centre, second level, at the ChanMay-Lang Co economic area.
The province will firstly complete social infrastructure at economic andindustrial parks such as housing for workers, kindergartens, schools and entertainmentareas.
Statistics show that in 2018, Thua Thien-Hue pocketed 920 million USD fromexports, the highest ever so far.
Of note, the Hue Textile and Garment JSC raked in over 92 million USD, up 4percent against the previous year, and contributed 16 billion VND (668,000 USD) to the State budget.
The company has received orders till the end of June 2019. Apart fromtraditional partners like the US, the Republic of Korea and Europe, it hasexpanded the market to Japan and Australia, aiming to raise the export turnoverto 96 million USD in 2019.-VNA
VNA
