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18/06/2019 - 19:50

Long An: In the first 6 months of 2019, export turnover is estimated at USD 2.92 billion

In the first 6 months of 2019, the export turnover in Long An province is estimated at USD 2.92 billion, increasing to 15 percent over the same period in 2018 (increase to 20 percent). Besides, import turnover reached USD 2.2 billion, up 13.2 percent over the same period in 2018 (increase to 4 percent).

Dragon fruit is the most exported product of Long An province

At present, there are more than 800 enterprises participating in export and import in the whole province. These enterprises have exported to more than 120 countries and territories around the world. 

Export products include rice, cashew nuts, aquacuture products, dragon fruit, seedless lemon, leather shoes, textile products, mechanical products, electric wires - electric cables, agricultural machinery and equipment, plastic products, and so on.

Imported products mainly include textile and garment materials, chemicals, plastics, animal feed materials, machinery and equipment.

According to the general assessment, despite the growth, export turnover is slower than the same period in 2018. One of the reasons is the fluctuation of the world market and domestic enterprises, especially the inability to predict all risks in the trade of agricultural products exporters.

In addition, many countries are increasing technical barriers, quotas and requirements for quality and origin of goods. Therefore, the increase in export of the province is not as effective as expected. In addition, the province's export volume in light industry depends heavily on foreign invested enterprises (FDI). At present, the export turnover of the province still depends on FDI enterprises, accounting for about 70 percent.

In order to promote the export of goods, especially agricultural products, the province focuses on propagating the market regulations; provide list and process of using pesticides in agricultural production, encourage the production of VietGAP and GlobalGAP standards; and ensure food safety to enhance the competitiveness of Vietnamese agricultural products.

On the other hand, the province also focus on investment and trade promotion; seeking and expanding new markets besides traditional markets; contacting and mobilizing investment, especially investment promotion agencies and economic representatives of Vietnam in foreign countries./.

By Thanh Tung - Translated by Pham Ngan