Thua Thien-Hue rakes in 667.8 million USD from exports

Thua Thien-Hue (VNA) – The central province of Thua Thien-Hue earned 667.8 million USD in export turnover in the first nine months of 2018, rising by 11.8 percent year on year and fulfilling about 73 percent of the yearly target.

This figure consisted of almost 290 million USD contributed by domestic companies (up 15.5 percent) and 377.7 million USD by foreign invested firms (up 9 percent).

The province also attracted 25 investment projects with combined capital of more than 40.6 trillion VND (1.75 billion USD), including 18 domestic projects worth 3.2 trillion VND (137.9 million USD) and seven FDI ones worth 1.6 billion USD.

Among them, a solar power project of the Doan Son Thuy Investment JSC has total capital of over 1.36 trillion VND (58.6 million USD). About 1.1 trillion VND (47.4 million USD) was committed by the Vicoland Housing Construction and Development Group to carry out a resort project. Notably, the Singaporean-invested Laguna Lang Co resort project raised its capital from 875 million USD to 2 billion USD.

In January-September, the province’s index of industrial production (IIP) increased by 7.44 percent over the same period last year.

This growth was partly contributed by processing and manufacturing (up 12.31 percent), water supply and waste collection (2.37 percent), and mining (2.3 percent).

The fast expansion in the processing and manufacturing industry is attributable to the fact that many businesses have accelerated production to serve new orders, especially for aquatic products, beer, textiles – garments, building materials, leather products and chemicals.

Some commodities have recorded good growth in their output, including frozen shrimp (38.55 percent), frit glaze (26.13 percent), commercial electricity (15.44 percent), and fibre (9.19 percent).-VNA