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Tien Giang-based Go Dang
Seafood Joint Stock Company’s new factory entered into operation near the
start of 2014, part of its plans to explore emerging markets.
The company’s General Director Nguyen Van Dao says gradual
economic recoveries in Japan ,
the US , and Europe are a boon to Vietnamese exporters. New markets
in the Middle East have also started
importing more products.
The new factory, with a daily capacity of 1,200 tonnes, will
hopefully double Go Dang company’s 2013 export value to around US$50–60 million.
At the beginning of 2014, Tien Giang’s industrial zones added
six new foreign direct investment (FDI) projects. The province’s 43 total FDI
projects are worth more than US$1.4 billion.
The new year also marked the introduction of a number of macroeconomic
stimulus policies such as tax exemptions, interest rate stabilisation, the
relaxation of financial and credit conditions, and the acceleration of public
investment capital. .
Vo Thanh That, Personnel Department Head for the Korean
company Hansea, says the company has asked authorities to reserve an
additional 20 hectares for expanding its Tien Giang factory. Hansea will also
increase its local labour force from its current 3,300 workers to 13,000 by
2015.
Twenty Vietnamese commodity categories earned export revenues
above US$1 billion each in 2013. The garment and footwear sector reports it
has already received substantial orders for the first and second
quarters of this year.
New economic driving forces will arrive in the form of the
imminent Trans-Pacific Partnership Agreement, the Free Trade Agreement with
the Customs Union of Russia-Belarus-Kazakhstan, and the Free Trade Agreement
between Vietnam
and the EU.
Economists say increasing trade and consumer demand have
landed Vietnam
among the 25 countries with highest growth.
The Government’s economic management strategy-focused on
restructuring, balancing supply and demand, and improving efficiency and
productivity-will lay firm foundations for further development in 2014.
VOV
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