Khanh Hoa targets $2.4bn in exports by 2020

Thursday, Aug 29, 2013 11:14

Khanh Hoa will continues its focus on exporting seafood following the province's forthcoming export-import strategy. Photo

KHANH HOA — The central coastal province of Khanh Hoa has set an export revenue target of $2.4 billion by 2020 with an annual export growth rate average of at least 12 per cent.

Under the province's forthcoming export-import strategy, it will strive for a trade surplus of $300-500 million per year.

During this time frame, the locality will continue its focus on potential sectors for development, such as shipbuilding, seafood processing, garments and textiles, and handicrafts.

Khanh Hoa has prepared a series of solutions to expand the market and promote local brand names, and to continue investing in infrastructure and services for exports.

To fulfill the objectives, the province will upgrade Cam Ranh International Airport and Cam Ranh seaport to become centres for marine and aviation services in the southern central region.

In the first seven months of this year, the province shipped abroad nearly $740 million worth of goods, including ships, seafood, garments and textiles, coffee and wood products. — VNS

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