The municipal Department of Industry and Trade says HMC City
targets export revenues of 34 billion USD this year, a year-on-year
increase of 13.5 percent.
Excluding crude oil, export revenues
are expected to reach 24.2 billion USD, up by more than 12 percent over
previous year.
A Thoi Bao Kinh Te Viet Nam (Vietnam
Economic Times) report on April 23 also cited the department as saying
that State owned companies would account for around 70 percent of the
city’s export revenue, and foreign invested companies for most of the
remaining 30 percent.
To reach the target, the city will
develop key product with high potential including garments and textiles,
wood products and hi-tech products.
It is encouraging
domestic and foreign firms to invest in trading materials used in
footwear and garment industries, the majority of which are imported now.
The HCM City Garment, Textile, Embroidery and Knitting
Association has been asked to help companies develop their production
and design capacities in order to create high quality products.
The city is facilitating faster work on several projects in its hi-tech
park, especially those that can go operational this year, so as to
boost the export of hi-tech products.
Toward this, the IT
sector has been asked to organise fairs and exhibitions and undertake
other activities that will help local firms widen their export markets.
Steady progress has been made in the export of electronic,
mechanical and hi-tech products, and effort will be made to improve on
this.
In the wood industry, the city is urging companies to
cooperate with each other and create an efficient production chain. It
is encouraging the production of interior decoration productions made of
wood and wants to establish an exhibition centre to showcase them.
In recent years, many of the city’s agricultural exports including
rice, coffee, rubber and seafood have developed well, the department
said.
HCM City ’s products are exported to 228 nations
and territories. The city’s exports to neighbouring countries including
Cambodia and China have strongly increased in recent years, the
department said.-VNA