The central province of Binh Dinh aims to earn more than 4.5 billion USD in export revenue between 2016 and 2020, according to Chairman of the provincial People’s Committee Phan Cao Thang.
He said Binh Dinh, part of the central key economic region, hopes to export 611 million USD worth of agricultural products, nearly 2.08 billion USD worth of forestry products, and 466 million USD worth of aquatic products in the five years.
While mineral and construction material exports are expected to bring home at least 254 million USD, the province looks to gain over 1.1 billion USD from the shipment of processed and consumption products.
To that end, Binh Dinh is working to boost the production of goods with high added value and gradually reduce the export of raw materials, he said, adding that it will encourage technology transfer to increase the application of modern production lines, thus raising productivity and product quality.
More efforts will be spent on seeking new markets for such minerals as titanium and granite, promoting investment in animal feed, steel and plastic pipe manufacturing, and facilitating logistics services serving export activities.
Administrative reforms, support policies for export, human resources training, and assistance to improve local producers’ competitiveness will be stepped up. Meanwhile, activities to promote trade, investment and tourism will also be enhanced, the official added.
In 2016, Binh Dinh raked in 730.5 million USD from overseas shipments, a year-on-year increase of 4 percent. The figure reached 179.1 million USD in the first quarter of 2017, up 7.2 percent from a year earlier.