Tien Giang targets USD 2.65 billion in export revenue

The southern province of Tien Giang reported earnings of US$757.3 million from exports in the first nine months of 2013, up nearly 15 percent year on year and equal to 76 percent of the full year plan. Given this rapid growth and robust third quarter (growth of 13.5 percent over the second quarter), Tien Giang is capable of achieving and exceeding the export target of US$1 billion in 2013. Currently, Tien Giang has expanded exports to all continents, especially Asia, Europe and the Americas. The province has also approached new markets like Oceania, Africa and the Middle East. Thanh Thao... [read more]

Vietnamese woodwork exporters will likely meet their target of US$3 billion revenues this year, according to Mr. Nguyen Ton Quyen, chairman of the Vietnam Timber & Forest Products Association (Viforest). Quyen forecast that Vietnamese companies have exported US$280 million worth of woodworks in Mar, raising the revenues in the first quarter to US$770 million, meeting 26% of the year’s plan. Local companies will likely lose their shares in the world market if they do not meet new barriers like the Lacey Act set by the U.S. and the Forest Law Enforcement, Governance and Trade (FLEGT) by EU which require the exporters to…... [read more]

Illustrative image (Source: VNA)Tien Giang (VNA) – The Mekong Delta province of Tien Giang has invested more than 215billion VND (9.4 million USD) in buildingwater supply pipelines to ensure clean waterfor residents of coastal districts in dry season of 2017.Consisting of 183 pipelines with a length of 150,000 metres, thepipeline system was designed to supply water for 7,700 households in Go CongDong, Go Cong Tay, Tan Phu Dong districts and Go Cong town, said Nguyen ThienPhap, head of the Irrigation and Flood Prevention and Control Division of theprovincial Department of Agriculture and Rural Development.Tien Giang also mobilised all resources to provide…... [read more]

According to Luong Ngoc Lan, Director of the provincialDepartment of Agriculture and Rural Development, Bac Lieu will focus onpromoting aquaculture and offshore fishing, while implementing effectivemodels of shrimp, rice-shrimp, and shrimp-crab-fish farming.Additionally,emphasis will be placed on intensifying intensive and semi-intensiveshrimp farming, as well as developing large-scale rice field modelswhich apply the Vietnamese Good Agriculture Practice (VietGap) in theyear. In an effort to realise this lofty target, localauthorities have taken measures and implemented incentives related tocapital, technology, and training, as well as enhanced trade promotionactivities to further support local exporters. They have also encouragedprocessing enterprises to apply the latest technologies to…... [read more]

MobiFone targets achieving annual growth of over 20 per cent and VND100 trillion ($4.58 billion) in revenue by the end of 2020, it announced at a meeting on July 27. Annual pre-tax profit is to grow from 3 to 5 per cent and State budget contributions by 5 per cent. The company also expects to increase its personnel by 6 per cent and conduct its equitization under the guidance of the government. The meeting also heard that MobiFone will focus on major fields such as mobile phones, internet TV, retail, and multi-media, and expand and improve its distribution channels and…... [read more]

HCM CITY (Biz Hub) — The country's leading retailer Saigon Co.op has set a target to achieve VND26.786 trillion (US$1.2 billion) in revenue and open five Co.opmart supermarkets and 20 Co.op Food stores this year.Despite economic difficulties last year, Saigon Co.op achieved all of its targets, including revenue of more than VND25 trillion (over $1.12 billion) and raised per capita earning of its employees by 7-11 per cent.It opened eight Co.opmart outlets and 10 Co.op Food stores, raising the number of stores to 80 and 96 respectively, and SC VivoCity shopping mall in District 7, together with its Singapore partner.Last…... [read more]

The Mekong Delta province of Tien Giang posted 1.056 billion USD inexport turnover in the first nine months of 2014, a record 39.1 percentincrease year on year. Rice, the province’s major commodity,maintained its steady pace of growth with more than 155,000 tonnes soldoverseas in the period. High increases were also seen in the export of aquatic products, clothing and shoes. According to Ngo Van Tuan, Director of the provincial Industry andTrade Department, these soaring figures were attributable to theimplementation of effective measures to expand export markets and manageexport activities. He said the province has providedassistance to local enterprises in seeking…... [read more]

Tien Giang province endeavoured to raise exports to US$1.17 billion in 2014 and US$1.3 billion in 2105. In the first six months of this year, its export turnover approximated US$621 million, fulfilling 53.1 percent of the full-year target.  Tien Giang has introduced specific solutions for different commodities like zoning export-driven material areas, enhancing product competitiveness, promoting market research and trade promotion, and actively developing export markets.   Kim Ngoc... [read more]

Processing shrimp for export (Photo: VNA)Ca Mau (VNA) – The southernmost coastal province of Ca Mau aims to achieve1.1 billion USD worth of export revenue in 2017, said Pham Bach Dang, standing vicesecretary of the provincial Party Committee.To realisethe goal, Ca Mau prioritises improving business climate and administrativeprocedures, intensifying trade promotion activities and expanding exportmarkets.Theprovince expects to earn 1 billion USD from exports in 2016, or only 77 percentof the year’s plan. This is the second year in a row the province has failed tomeet its export target.Dangattributed the failure to the low value of some major currency earners,particularly fertilizers…... [read more]

Vietnam is expected to earn a total export revenue of USD84.5-US$85.5 billion in 2011, announced the Ministry of Industry and Trade (MoIT) at a conference in Hanoi on July 4. Sharp increase in exportsThe export revenue for the first six months of this year hit US$42.3 billion, up 30.3 percent over the same period last year. This was attributed to a 15.6-percent increase in value and 14.7 percent rise in volume.Export revenue in the first half of 2011 fulfilled 53 percent of the NA’s set target of USD79.4 billion for the whole year.According to Nguyen Tien Vy, Head of the…... [read more]