Economy

Vietnam exported over 7 million tonnes of rice worth 4.37 billion USD in the first three quarters of 2024, up 9.2% in volume and 23.5% in value compared to the same period last year.

On October 4, Long An Investment Company Limited and Long An Logistics Joint Stock Company held the inauguration ceremony of Long An Cold Storage (Long An Logistics) at Vinh Loc 2 Industrial Park.

Vietnam’s fishery exports reached 866 million USD in September, bringing the total for the first nine months of 2024 to 7.16 billion USD, a year-on-year increase of 8.5%.

On October 3, the People's Committee of Long An province held a conference to review crop production in 2024 and deploy the Winter-Spring crop production plan 2024-2025.

Vietnam’s exports are expected to thrive in the remaining months of the year thanks to local businesses' concerted efforts and robust results during the January – September period, according to insiders.

Identifying the development of logistics services as an important economic sector, Long An is focusing on developing infrastructure, especially transport infrastructure, warehouses and applying new technology in logistics.

Value-added pangasius products, including dried fish maws and fish skin snacks, are increasingly popular among international consumers, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). ​

According to the Long An Provincial Economic Zone Management Board, currently, industrial parks in the province attract nearly 2,000 projects, including nearly 1,000 FDI projects and 953 domestic projects.

Cashew nuts are one of the exports which have created a large market for Vietnam, however, the industry faces the risk of trade deficit due to higher raw material prices.

Vietnam's fruit and vegetable exports are projected to see continued strong growth in the remaining months of the year, helping the sector to achieve its goal of 7 billion USD in export revenue.

Like other localities, Thu Thua district, Long An province identifies the development of high-tech agriculture as an inevitable trend in agricultural production.

Despite the difficluties, businesses are making great efforts to stand firm and develop. In the last months of 2024, businesses will focus on promoting production and business activities, completing set goals.