Ninh Binh's export turnover up 6.5 percent in eleven months
Ninh Binh's export turnover in the eleven months of 2021 rose by 6.5 percent year on year to 2.6 billion USD, the Provincial Statistics Office (GSO) reported.
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Ninh Binh's export turnover in the eleven months of 2021 rose by 6.5 percent year on year to 2.6 billion USD, the Provincial Statistics Office (GSO) reported.
In the past few years, the formation and development of industrial zones in Ninh Binh province has reaped sound achievements, contributing to its socio-economic development. Industrial zones (IZs) has drawn a large amount of investment from economic sectors, especially foreign direct investment (FDI), thus helping to increase the province's technological ability, competitiveness, and export turnover, and expand international cooperation.
Recently, the Ministry of Industry and Trade (MoIT) has issued a Decision No 1974/QĐ-BCT on publishing the list of "Prestigious Export Business" for 2020, in which as many as 315 companies nationwide has won the tittle.
Ninh Binh is striving to earn 2.4 billion USD from exports in 2021. To fulfill this goal, in addition to traditional export channels, the industry and trade sector has actively assisted local exporters to expanding markets via e-commerce flatforms such as Amazon and Alibaba.
The northern province of Ninh Binh's export revenue in seven months of 2021 topped 1.4 billion USD, up 6.4 percent against same period last year.,
Vietnam currently has 16 million workers in industrial and export processing zones (IZs and EPZs), directly producing 60% of the total domestic product annually and contributing 70% of the state budget.
Ninh Binh's exports saw stable growth in the first four months of 2021, enabling the province to reach the target of 2.4 billion USD in export turnover set for the whole year.
The Ninh Binh's export turnover amounted to 274.4 million USD in April, a sharp rise of 45.7 percent against same period last year.
Vietnam witnessed the growth of exports and imports in the first four months of 2021 hitting 10-year record high, data of the General Statistics Office (GSO) shows.
Though the national and global economies are suffering negative impacts from the COVID-19 pandemic, Ninh Binh province has still set a target of 2.4 billion USD from exports in 2021.To reach the target, the province has set out synchronous and drastic measures to boost export-import activities and circulation of goods, especially seeking and expanding markets and speeding up administrative reforms.
The Standing Board of the Ninh Binh Provincial Party Committee on February 25 had a working session with the Dong Giao Foodstuff Export Joint Stock Company (Doveco) to hear its production and business results in 2020, as well as its plans and proposals for the next five years.
Vietnam's exports this year could grow by 3-4 percent despite the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).
In the context of COVID-19 pandemic's complicated developments disrupting international trade, Vietnam's exports have still maintained positive growth.
Vietnam reported total import and export revenue of over US$336.92 billion in the first eight months of 2020 and a record trade surplus of nearly US$13.5 billion, as announced by the General Department of Vietnam Customs on September 14.
The wood processing industry is to become a spearhead economic sector by 2025, posting export turnover of about USD 20 billion to contribute to socio-economic development and stabilize the livelihoods of people living in forested areas.
The Department of Industry and Trade of Ninh Binh province said it would not adjust its export target despite a wide range of difficulties caused by the COVID-19 pandemic.
Vietnam's export value saw a year-on-year increase of 4.7 percent to an estimated 82.9 billion USD in the first four months of this year, according to the General Statistics Office (GSO).
Ninh Binh province's export turnover reached 313 million USD in the first two months of 2020, representing a year-on-year rise of 9.3 percent and higher than the country's average growth of 1.5 percent.
Total export turnover of agriculture, forestry and fishery products is expected to reach USD41.3 billion in 2019, a year-on-year rise of about 3.5%, according to the Ministry of Agriculture and Rural Development.
Vietnam's export turnover of wood and forestry products is forecast to hit US$11 billion in 2019, according to an official from the Vietnam Administration of Forestry (VAF).
Vietnam reported US$428.63 billion worth of import and export revenue in the first 10 months of 2019, up 8% compared to the same period in 2018, according to the General Department of Vietnam Customs.
Vietnam's export revenue was estimated at 217.05 billion USD in the first 10 months of this year, up 7.4 percent annually, according to the Ministry of Industry and Trade.
Ninh Binh is estimated to earn an export revenue of over 2 billion USD in the first 10 months of 2019, representing a surge of 69.1 percent against same period last year.
Ninh Binh province has in recent years implemented a number of measures to boost its international economic integration. These efforts have brought about positive outcomes for the locality in many fields such as export, investment attraction. However, the process of international economic integration needs more efforts to raise the local economy's competitiveness, thus confirming its position in the international market.
The total export value of the agricultural, forestry and fishery sector in the first six months of this year was estimated at US$19.75 billion, a year-on-year increase of 2.1%.