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Wednesday, December 1, 2021

Mekong Delta’s exports recover strongly

By Trung Chanh

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CAN THO – Production and exports in the Mekong Delta region recovered strongly after the economy reopened.

Data of the Vietnam Chamber of Commerce and Industry – Can Tho branch (VCCI Can Tho) showed that the total import and export values of the Mekong Delta reached US$2.14 billion in October, increasing by US$420 million compared with the previous month.

Of the figure, exports amounted to US$1.4 billion, surging 39% from September, while imports rose 3% to US$713 million.

The key export products of the region, such as rice and seafood, enjoyed positive growth last month. 

According to the General Department of Vietnam Customs, the region exported more than 618,000 tons of rice worth some US$322 million in October, increasing 4.1% in volume and 9.8% in value month-on-month. 

Meanwhile, a report of the Vietnam Association of Seafood Exporters and Producers showed that the region exported US$918 million worth of seafood in October, increasing by US$290 million from the previous month. 

VCCI Can Tho attributed the export recovery to the resumption of businesses after social distancing measures were relaxed. 

In October, there were 895 newly established enterprises in the region, five times higher than the number of businesses that withdrew from the market. 

The leader of a clothing company in Tien Giang Province expected that exports of the Mekong Delta region would maintain this growth momentum in November and December. 

He said that since early this month, dozens of foreign-invested clothing companies in the province had resumed their operations thanks to the improved Covid situation and higher vaccination coverage. 

A representative of VCCI Can Tho said Mekong Delta localities attracted seven foreign direct investment (FDI) projects with registered capital totaling approximately US$40 million last month.

They included two projects worth US$35.7 million in total in Dong Thap Province, two projects worth US$2.1 million in Long An Province, and one project worth US$0.3 million in Tra Vinh Province. Besides, Vinh Long Province and Can Tho City each attracted one FDI project worth US$0.9 million. 

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