Viet-Han garment join stock company in Hoa Binh steps up production to meet deadlines for orders from foreign partners.
Reporter: Could you please point out advantages that will help Hoa Binh achieve its export targets set for 2019?
Mr. Pham Tien Dung: In 2018, Hoa Binh’s import-export turnover exceeded 1.1 billion USD. Last year, the province focused on exporting processed and manufactured products. Its export markets were expanded thanks to opportunities brought about by new-generation free trade agreements. The local business climate was improved significantly. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) took effect in early 2019 and the EU-Vietnam Free Trade Agreement (EVFTA) is expected to follow suit later this year, creating a magnet for foreign direct investment and giving a boost to production businesses.
Viet-Han garment join stock company in Hoa Binh steps up production to meet deadlines for orders from foreign partners.
Reporter: What steps the industry and trade sector has taken to kick-start the year?
Mr. Pham Tien Dung: Hoa Binh province plans to raise its import-export value to over 1.4 billion USD this year, of which exports are expected to contribute 790 million USD.
The province’s export earnings in February reached 53.7 million USD, bringing the total amount in the first two months of the year to 107.9 million USD, up 15.02 percent from the same period last year and equivalent to 13.66 percent of the annual target. Key foreign currency earners included electronic products, garments-textiles, metal and compressed wood panels. Local firms are tending to invest more in improving product quality to achieve sustainable export growth.
Reporter: What is the focus of the trade and industry sector this year?
Mr. Pham Tien Dung: The trade and industry sector will focus on reforming administrative procedures, attracting investment, stepping up the building and development and registration of national trademarks and key export staples, and implementing Vietnam’s international integration commitments. The sector will also increase trade promotion activities and introduce agricultural products in potential markets, capitalize on signed free trade agreements, and remove hurdles to facilitate local enterprises and projects.
Reporter: Thank you!
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
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