Kien Giang enjoys strong growth in exports
The Mekong Delta province of Kien Giang earned nearly US$580 million from exports in the first 11 months of 2018, exceeding its yearly target by 11.3%, and representing a surge of 35% from the same period last year.
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According to the provincial Department of Industry and Trade, the province’s export revenue for the whole year is estimated at US$640 million, up more than 35% year on year and surpassing its target by 23%.
It earned US$218 million from exporting rice, US$213 million from aquatic products and US$170 million from footwear.
Kien Giang’s products have been sold in 35 markets around the world, including some new ones like Israel.
The department attributed the surge in exports to an increase in rice demand of some markets including Malaysia, China and the Philippines, along with the development of new markets, as well as higher rice prices.
Meanwhile, recovery was also seen in demand of aquatic products of traditional markets.
However, the aquaculture sector of Kien Giang has suffered sharp drop in many markets due to the EU’s yellow card for illegal, unreported, and unregulated (IUU) fishing, and a shortage in materials for export.
In 2019, Kien Giang aims to earn US$680 million in exports. Chairman of the People’s Committee of Kien Giang Pham Vu Hong has said the province will focus on developing safe and sustainable aquaculture and agricultural production, while supporting local firms in applying high technology in production.
Kien Giang will set up a Customs Sub-Department of Rach Gia city to serve exporters, he added.
