Binh Dinh targets US$4.5 bln in exports in five years

He said Binh Dinh, part of the central key economic region, hopes to export US$611 million worth of agricultural products, nearly US$2.08 billion worth of forestry products, and US$466 million worth of aquatic products in the five years.

While mineral and construction material exports are expected to bring home at least US$254 million, the province looks to gain over US$1.1 billion from the shipment of processed and consumption products.

Workers dry fish at a fish processing facility in My An commune of Phu My district, Binh Dinh province

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 US$730.5 million from overseas shipments, a year-on-year increase of 4%. The figure reached US$179.1 million in the first quarter of 2017, up 7.2% from a year earlier.