Ca Mau targets 1.1 billion USD in export revenue for 2017

09:13 | 30/12/2016 Trade

The southernmost coastal province of Ca Mau aims to achieve 1.1 billion USD worth of export revenue in 2017, said Pham Bach Dang, standing vice secretary of the provincial Party Committee.

Processing shrimp for export (Photo: VNA)

To realise the goal, Ca Mau prioritises improving business climate and administrative procedures, intensifying trade promotion activities and expanding export markets.

The province expects to earn 1 billion USD from exports in 2016, or only 77 percent of the year’s plan. This is the second year in a row the province has failed to meet its export target.

Dang attributed the failure to the low value of some major currency earners, particularly fertilizers and fishery products.

The recovery of the shrimp industry in many countries coupled with fluctuated exchange rate of the US dollar have reduced prices of Vietnamese export shrimp, he explained.

Local seafood producers are working to shake up technologies and assembly lines for better processing capacity and product quality.

In addition to developing concentrated shrimp farming, Ca Mau is implementing a range of eco-farming models that provide clean materials for local seafood processors.

Theo VNA