Dong Nai earns over US$5.2 billion in export in four months
Thursday, 2017-05-04 10:20:19
NDO/VNA – The southern province of Dong Nai shipped US$5.2 billion worth of goods abroad in the period from January-April, up 12.8% from the same period last year.
The locality also imported US$4.78 billion worth of goods in the period, according to the provincial Department of Industry and Trade.
The department said the trade surplus can be attributed to efforts of local businesses to seek domestic supply of materials and goods.
Stronger connection among domestic enterprises has also helped reduce import while allowing domestic enterprises to enjoy tax incentives when shipping products to markets with which Vietnam has signed free trade agreements (FTAs), including the Republic of Korea (RoK), Japan, Chile, and ASEAN nations.
Export revenues from traditional markets recorded good growth, such as an 88 percent increase year-on-year in the RoK market, nearly 13% in Japan, over 9% in France, and nearly 8% in the US.
The province’s major export products were footwear, machinery and equipment, vehicles, and fibre. A number of agricultural products such as cashew nut, coffee bean, and rubber latex saw rise in their export price in the period.
The locality aims to explore some more export markets while developing brand names of agricultural products to increase export revenues.