In the first three months of 2017, export of businesses in Khanh Hoa Province saw a good growth rate year-on-year.
In the first three months of 2017, export of businesses in Khanh Hoa Province saw a good growth rate year-on-year.
Export increases sharply
Bui Huy Hieu, marketing manager of Me Trang Coffee Joint Stock Company, said that his company’s export in the first quarter of 2017 grew by 150% year-on-year. The company kept exporting products to big markets like Korea, the US, Poland, Russia, China, etc. The company not only attached importance to improving products’ quality but to expanding distribution network as well.
Reportedly, coffee is one of commodities with the highest export in early 2017. According to the report of the provincial Statistics Office, in the first quarter of 2017, the province had 80 export businesses with total export turnover of USD313.7 million, increasing by 10.95% year-on-year. The provincial Department of Industry and Trade also reported that commodities with high increase in export turnover in comparison with the same period last year were coffee (USD52.5 million, 96.3% up), seafood (USD83.2 million, 6.1% up), textile garment (USD20.1 million, 12.2% up), ship building (USD127.2 million, 5.1% up)…
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According to Dang Xuan Toan, manager of Immigration and International Economic Integration (under Khanh Hoa Department of Industry and Trade), export of the province in the first quarter made a good growth, mainly in fishery, textile garment, ship building, etc.
Import decreases
While import turnover of the whole country in the first three months saw a sharp increase year-on-year (22.4%), import turnover of Khanh Hoa Province made 6.3% decrease (estimated at about USD135.6 million). Commodities with deepest decrease rate in import were machines – equipment (38.5%), materials for textile garment (1.2%), chemicals (27.2%), medicine and materials (18.6%), foodstuff for shrimps (71.5%)…
The decrease in import of the province in early 2017 was still a good sign. Materials for textile garment and tobacco production had been imported in the fourth quarter last year. In some production industries such as medicine and foodstuff for shrimps, businesses have tendency to use domestic materials more.
Mai Hoang
Translated by T.T
