Vinh Long (VNA) – The Mekong Delta province of Vinh Long has surpassed the 1 billion USD mark in export earnings for the first time, driven by a surge in industrial production this year, according to its Department of Industry and Trade.
This remarkable feat represents a 32.39% annual rise, with footwear alone contributing 55.7% to the export revenue. It is followed by auto components and parts with 14.2%, and apparel 9.6%.
The province’s Index of Industrial Production (IIP) is projected to grow by 13.84% year-on-year this year. Several industries have seen notable production hikes, including leather and related products, apparel, wood processing and products made from wood, bamboo, and rattan, beverages, pharmaceuticals and medicinal materials. The non-agricultural economy is expected to account for 63.5% of the gross regional domestic product (GRDP).
Looking ahead, Director of the provincial Department of Industry and Trade Tran Nhut Thanh said the province aims to achieve a 14.5% rise in its IIP and an export turnover of 1.05 billion USD next year, reflecting a 4.37% growth compared to 2024.
He said the province is committed to drawing investments in new, large-scale and hi-tech projects, while promptly tackling challenges and providing all possible support for investors in approved projects.
Vinh Long is enhancing trade connections with other localities to boost the consumption and value of agricultural products, as well as facilitating the expansion of retail systems by major distribution groups, including supermarkets and convenience stores, he said.
On the export front, the province is determined to strengthen its foothold in existing markets, focusing on key products such as leather footwear, apparel, seafood, and processed agricultural goods. It is proactive in updating information on market conditions, regulations, and standards in foreign markets, ensuring that local businesses can swiftly adapt their production and business plans.
Support for firms will also be guaranteed to capitalise on the opportunities presented by free trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam Free Trade Agreement (EVFTA) and the UK-Vietnam FTA (UKVFTA), he added./.
