Phu Tho province looks to boost exports
The northern province of Phu Tho has outlined plans to bolster exports in 2018 by focusing on trade promotion and building trademarks for local staples, said Director of the provincial Department of Industry and Trade Nguyen Manh Hung.
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The department will mobilise local enterprises to renovate their production lines to improve competitive capacity, he said.
Significant efforts will be channeled into reform of administrative procedures and the implementation of guidelines of ministries, sectors and the province to remove bottlenecks for business and production.
The province targets to earn US$1.3 billion in export revenue in 2018.
Last year, Phu Tho’s export value rose 36.8 percent year on year to US$1.3 billion. This was the second time that the province’s export revenue surpassing US$1 billion. Of the total amount, US$1.1 billion was contributed by foreign-invested companies.
Strong growth was seen in the shipments of garment and textiles, sport shoes, plastic and processed tea.
The US, the EU, ASEAN, Japan and the Republic of Korea remained Phu Tho’s key export markets.
Local enterprises worked to seek trade partners, popularise products while expanding production and improve product quality.
