Focusing on Development of Advantageous Exports

 

Together with efforts made by all industries and levels of authority, industrial enterprises in the province also focus on overcoming difficulties and challenges; grasping opportunities to implement production, expand markets, renovate technology and equipment, as well as improve product quality. As such, in the first seven months of 2012, industrial value production of Phu Yen province has an increase of nearly 18 percent against the corresponding period of 2011; a lot of products reach significant growth rates, including seafood processing (12.64 percentage), Tapioca starch (305 percentage), garment and textile production (20.2 percentage) and medicine (24.5 percentage).

 

However, according to Mr Dao Tan Cam, Director of Phu Yen Provincial Department of Industry and Trade, the limitation lies in the lack of diversity of export products of the province. Almost all export companies here are small-scale ones, failing to actively manage production materials or bravely expand production. Export value and types of export products are, therefore, limited and not equivalent to the province’s potential.

 

In order to stimulate rapid export with a variety of products and high added value, the industry and trade sector developed and provided consultancy to the Provincial People’s Committee to approve the strategy for developing goods and services for export in the period of 2011-2020. The structure of export goods has been identified as follows: the category of agricultural, forestry and fishery products will make up 67.48 percent of the total export value, the category of industrial and handicraft goods, 25.93 percentage and other types of goods, 6.58 percent. The period of 2011-2015 will concentrate on goods with existing advantages in terms of materials and labour, such as cashew, fishery products, Tapioca starch, garment and textile products, wooden products, craft products and rubber. In 2016-2020, in addition to accelerating export of products with advantages, the province will expand and further boost the development of goods which use highly skilled labour and advanced technology, including: household electrical appliances, electronic assembly, machinery manufacturing, mechanics and food processing products.

At the 15th Congress in the 2010-2015 term, Phu Yen Party Committee set the goal “ to aim at rapid and sustainable development, to strive to reach national average growth rate and to create momentum to turn Phu Yen into an industrial province by 2020”. Accordingly, the province’s policy is to aim at rapid industrial development following modern orientation, improving quality and competitiveness. It will also focus on attracting investment to form industries of high technological content and added value. Endeavours will be made to turn the industry sector into a strong economic sector to be a driving engine for socio-economic development, industrialisation and modernisation.

 

While developing the industry sector, Phu Yen will pay attention to accelerating import-export activities through focusing investment for the development of advantageous export goods, as well as applying advanced technologies so as to improve quality, value and competitiveness of products.

 

To reach the aforesaid objectives, Phu Yen province will boost the process of investment into infrastructure construction and investment attraction into industrial parks (IPs). For instance, investment will be mobilised for Hoa Tam IP, and implementation schedule of the Oil Refinery Factory and the technical infrastructure system in South Phu Yen economic zone accelerated, with a view to making an important breakthrough for the province’s economic development. Investment in the infrastructure system of Northeast Cau River II IP, Hoa Hiep II IP and industrial groups will continue to be made. Investment mobilisation into IPs and industrial groups will be accelerated. At the same time, Phu Yen will focus on improving the business and investment environment, among which, priority will be given to administrative procedure reform, while policies on stimulating and favouring investment will be implemented so that the most favourable conditions are created for investors and enterprises in the area to get the most effective business and production results.