YBP - Thanks to the efforts of the business community, solving problems relating to the mechanism and policies of Yen Bai province in the import and export activities in the province, the import and export activities of the province in the first months of 2017 have had many positive results.
According to the report of Department of Industry and Trade, in the first 6 months of 2017, export turnover of the province is estimated at $ 50,025 million, reaching 50.02% of the plan, up 35.6% over the same period. The export market of the province is also expanding. So far, export goods have been present in more than 40 countries and territories. Of which, 65.8% of export goods were to Asia, with the main goods of minerals, agro-forestry products, the largest market is Indian market, estimated at $ 12.3 million, accounting for the proportion 24,6%; Taiwan market occupies 10.8%; South Korea accounts for 8%. Notably, the US market has become one of the main export markets of the province with garments and construction stones.
Major contributors to the export turnover of the province include the following companies: RK Vietnam Marble Company Limited with the export turnover of USD 8.97 million; Vina KNF International Co., Ltd with the export turnover of USD 7.55 million; Deasung Global Co., Ltd with the export turnover of USD 5.26 million; YBB Carbonate Joint Venture with the export turnover of USD 1.58 million; Yen Binh Trading and Investment Company Limited with the export turnover of USD 1.78 million; Yen Bai Food & Forest Product Joint Stock Company with the export turnover of USD 1.93 million.
Particularly, for the mining industry, CaCO3 stone products are the main products, in the first 6 months of 2017, there was a strong growth, the number of enterprises involved in exporting was more and diversified markets. Construction stone products were relatively stable export items, accounting for the highest proportion of the province's export turnover, and expected to continue to increase in the second half of the year. The processing industry is in the tendency to become the main export group of the province…
In the coming time, some agricultural products such as cassava and cinnamon, combined with export of construction stone, will be more positive. Therefore, the expectation of export in the last two quarters is $ 55.25 million, bringing the total export turnover in 2017 to $ 105.3 million, exceeding 5.3% of the plan, up 39% over the same period.
In order to achieve the target, Yen Bai Province will focus on specific measures such as shifting the structure of export commodities towards reducing the proportion of raw and semi-processed products; prioritizing the development of application of science and techniques and hi-tech industries in order to increase the export goods that are highly competitive and high added value; Continuing to exploit and expand the trade market, boost export, especially the oriented trade export to markets of Japan, Korea and EU; Supporting export enterprises to be more proactive and active in participating in national key trade promotion programs in order to promote the advertisement and introduction of products as well as expand export markets.
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