CashewInfo
News

Home   >   NEWS & VIEWS   >   News

  • Ho Chi Minh: Increase the proportion of processing industry

    Sep 24th, 2017

    In the first eight months, the city's export turnover. Ho Chi Minh City has a good growth rate and the export structure has been shifted towards increasing the proportion of processing industry, reducing the proportion of raw materials.Department of Industry and Trade TP. Ho Chi Minh City said the city's export turnover through the border gate in the first eight months of the year reached 22.84 billion US dollars, up 13.6% over the same period in 2016. Of which, the domestic economic sector accounting for 38.65%, the foreign invested sector accounting for 61.35%.

    The two major commodity groups, agro-fishery and industry, all showed encouraging growth. Specifically, in the first eight months of this year, industrial goods gained good growth with turnover of $ 14.52 billion, up 16.4% over the same period last year. The items in the group of turnover increased over the same period as computers, electronic products and components reached nearly 5.3 billion, up 38.5%; footwear reached $ 1.77 billion, up 9.5%; machinery, equipment, tools and spare parts reached $ 1.46 billion, an increase of 9.2%; Vehicles and spare parts reached $ 496.2 million, up 66% ...The group of agriculture, forestry and fishery reached an export value of US $ 3.41 billion, up 3.2% over the same period of 2016. The commodities in this group showed signs of recovery and growth, such as aquaculture and seafood. USD 493.8 million, an increase of 11.1%; rubber 455.1 million, up 26.2%; Vegetables and fruits: USD 320.4 million, up 19.4%; cashew nut $ 312.5 million, up 9.6% ...

    According to Pham Thanh Kien - Director of Department of Industry and Trade City. This achievement is partly due to the support of the city's industry and trade to the business community, such as: Strengthening administrative reform, promoting trade promotion activities and promptly removing Entangled in business. As a result, in the first eight months of the year, manufacturing processed products continued to grow at 15.9% and most of commodities with high turnover showed growth over the same period such as computers, electronic products and components increased by 38.5%; Notably, the export structure has shifted towards increasing the proportion of the processing industry, reducing the proportion of raw materials (currently the proportion of industrial processing variable 76.1%). The export market also grows in most major markets such as USA, EU, China ...


    Source: Thuy Duong / Huong Nguyen