Shoe production in a business in Dong Nai (Source: baodongnai.com.vn)Dong Nai (VNA) – The southern province of Dong Nai enjoyed a tradesurplus of over 1 billion USD in the first six months of 2018.
According to the provincial People’s Committee, the totalexport turnover of businesses in the locality exceeded 9 billion USD in thereviewed period, while the import value was 7.95 billion USD, year-on-yearrises of 12.6 percent and 7.12 percent, respectively.
The province’s main exports recorded significant growth,including footwear (7.19 percent), garment and textiles (4.49 percent), textilefibre (17.7 percent), machinery and components (15.05 percent), iron and steelproducts (21.6 percent), and computer, electronic products and spare parts(37.8 percent).
The committee said that the growth was attributed to stableworld economy, favourable export markets, more orders from abroad, andincreases in export prices of several commodities.
Dong Nai’s main export markets were the US, the EuropeanUnion, the Republic of Korea, China and Japan.
Meanwhile, businesses in the province mainly importedproducts from China, the Republic of Korea, and Taiwan (China), which accountedfor 50 percent of its import turnover. The locality mainly imported fabric, fibre,footwear materials, chemicals, iron and steel.
To achieve the target of 18.3 billion USD in export turnoverthis year, the province will intensify assistance for businesses, especiallysmall- and medium-sized enterprises and startups, and build a mechanism toencourage businesses to invest in rural agriculture.
More efforts will be taken to improve the investmentenvironment, speed up administrative reform, and create favourable conditionsto promote products and trademark and raise export value, particularly foragricultural products.-VNA
VNA
