Vinh Long eyes US$420 million in export revenue

The province will work to support the development of trademarks of outstanding rural industrial products and local specialties while encourage businesses to join e-transactions and improve the efficiency of e-commerce platforms.

Trade promotion activities and networking events for local enterprises and distributors in Can Tho city, Ho Chi Minh City, Da Nang city and Hanoi will be given priority. The province will also support its businesses to seek and expand export markets.

Vinh Long will pay attention to updates on changes in foreign countries' import policies, technical barriers, safeguard measures and international payment risks to give prompt support to local firms.

Last year, the province raked in the highest-ever export earnings of 420 million USD, up 17.3 percent from 2016 and exceeding 16.6 percent of yearly plan. 

Deputy Director of the provincial Department of Industry and Trade Truong Thanh Su said most of the key exports experienced strong growth in 2017, including handicrafts (56.2 percent), garments and textiles (16 percent) and leather shoes (16.6 percent).

However, shipments of major farm produce continued declining due to fierce competition. Rice exports fell 50 percent and processed agricultural products decreased 17 percent as compared to 2016.