Bac Giang’s six-month export earnings hit US$2.7 billion

The northern province of Bac Giang earned US$2.7 billion from exports in the first half of 2017, up 33% from a year earlier, marking the highest growth rate compared to the same period of the last three years.

bac giang’s six-month export earnings hit us$2.7 billion hinh 0
The provincial People’s Committee said the figure is equivalent to 56.3% of this year’s target, which was set at US$4.8 billion. 

Most of the export items were electronic products, apparel and agricultural products which were mainly shipped to the US, China, the Republic of Korea and the European Union.

Bac Giang eyes an annual export growth rate of 20-21% between 2016 and 2020. It expects to rake in US$6.5 billion from exports by 2020 with industrial, agricultural, food and handicraft products being its key export staples.

To that end, Bac Giang will push ahead with administrative reform in the customs sector, thus facilitating export and import activities. 

It will also promote the development of agricultural brands in order to boost the shipment of processed products such as canned agricultural products, lychees, Yen The hill chicken, Chu noodles, and rice wine of Van village.

The People’s Committee added that it will also step up communication activities, shifting the economic structure, developing markets, and fine-tuning financial, credit and investment policies for export-oriented manufacturing. Efforts will also be made to develop logistics infrastructure, human resources and local businesses’ competitiveness.