Thua Thien-Hue rakes in US$667.8 million from exports
The central province of Thua Thien-Hue earned US$667.8 million in export turnover in the first nine months of 2018, rising by 11.8% year on year and fulfilling about 73% of the yearly target.
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| A corner of Phu Bai Industrial Park in Thua Thien-Hue province |
This figure consisted of almost US$290 million contributed by domestic companies (up 15.5%) and US$377.7 million by foreign invested firms (up 9%). The province also attracted 25 investment projects with combined capital of more than VND40.6 trillion (US$1.75 billion), including 18 domestic projects worth VND3.2 trillion (US$137.9 million) and seven FDI ones worth US$1.6 billion.
Among them, a solar power project of the Doan Son Thuy Investment JSC has total capital of over VND1.36 trillion (US$58.6 million). About VND1.1 trillion (US$47.4 million) was committed by the Vicoland Housing Construction and Development Group to carry out a resort project. Notably, the Singaporean-invested Laguna Lang Co resort project raised its capital from US$875 million to US$2 billion.
In January-September, the province’s index of industrial production (IIP) increased by 7.44% over the same period last year. This growth was partly contributed by processing and manufacturing (up 12.31%), water supply and waste collection (2.37%), and mining (2.3%).
The fast expansion in the processing and manufacturing industry is attributable to the fact that many businesses have accelerated production to serve new orders, especially for aquatic products, beer, textiles – garments, building materials, leather products and chemicals.
Some commodities have recorded good growth in their output, including frozen shrimp (38.55%), frit glaze (26.13%), commercial electricity (15.44%), and fibre (9.19%).
