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Thua Thien-Hue rakes in 667.8 million USD from exports

The central province of Thua Thien-Hue earned 667.8 million USD in export turnover in the first nine months of 2018, rising by 11.8 percent year on year and fulfilling about 73 percent of the yearly target.
Thua Thien-Hue rakes in 667.8 million USD from exports ảnh 1A corner of Phu Bai Industrial Park in Thua Thien-Hue province (Photo: VNA)

Thua Thien-Hue (VNA) – The central province of ThuaThien-Hue earned 667.8 million USD in export turnover in the first nine monthsof 2018, rising by 11.8 percent year on year and fulfilling about 73 percent ofthe yearly target.

This figure consisted of almost 290 million USD contributed by domesticcompanies (up 15.5 percent) and 377.7 million USD by foreign invested firms (up9 percent).

The province also attracted 25 investmentprojects with combined capital of more than 40.6 trillion VND (1.75 billionUSD), including 18 domestic projects worth 3.2 trillion VND (137.9 million USD)and seven FDI ones worth 1.6 billion USD.

Among them, a solar power project of the DoanSon Thuy Investment JSC has total capital of over 1.36 trillion VND (58.6million USD). About 1.1 trillion VND (47.4 million USD) was committed by theVicoland Housing Construction and Development Group to carry out a resortproject. Notably, the Singaporean-invested Laguna Lang Co resort project raisedits capital from 875 million USD to 2 billion USD.

In January-September, the province’s index of industrialproduction (IIP) increased by 7.44 percent over the same period last year.

This growth was partly contributed by processingand manufacturing (up 12.31 percent), water supply and waste collection (2.37percent), and mining (2.3 percent).

The fast expansion in the processing andmanufacturing industry is attributable to the fact that many businesses haveaccelerated production to serve new orders, especially for aquatic products,beer, textiles – garments, building materials, leather products and chemicals.

Some commodities have recorded good growth intheir output, including frozen shrimp (38.55 percent), frit glaze (26.13percent), commercial electricity (15.44 percent), and fibre (9.19 percent).-VNA
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