Footwear production at a company in Dong Nai Province (Photo: VNA) HCM City (VNA) - Thesoutheastern province of Dong Nai achieved a record trade surplus of 2.17billion USD last year, the highest recorded in the country, according to theprovincial People’s Committee.
The country had a trade surplus of 2.7billion USD last year equal to 2016.
Last year Dong Nai’s export value reached 17billion USD, up 11.8 percent against 2016.
The retail and service revenue was 150trillion VND (6.6 billion USD), up 12.3 percent year-on-year.
The province has more than 3,500 firmsinvolved in import-export activities.
Duong Minh Dung, director of the province’sIndustry and Trade Department, said that export markets were stable and hadexpanded.
This increased the province’s index ofindustrial production (IIP) by 8.6 percent last year, he said.
The province’s exports to traditional andlarge markets like the US, Japan, China and the Republic of Korea rosesignificantly in the first months of 2017, he said, adding that export growthhad been maintained as many firms had export orders until early 2018.
Last year, the province’s gross regionaldomestic product (GRDP) reached a growth rate of 8 percent.
This year the province targets increasingGRDP growth by 8 percent and export growth by 9-11 percent against last year.
The province also aims to increase its IIPby 8-8.5 percent against last year.
Tran Van Vinh, deputy chairman of theprovincial People’s Committee, said the province’s Department of Industry andTrade this year would boost cooperation among domestic and foreign investedcompanies to supply products to one another to reduce imports and increaseexports.
Dong Nai has exported hundreds of varietiesof products in recent years, including footwear, garments and textiles, fibresand textile threads, wooden products, computers, electronics and spare parts.
The province’s footwear, which accounts forits largest export revenue, is exported to many countries.
Large footwear firms in Dong Nai increasedproduction in the last months of 2017 to meet export orders.
Many footwear firms now have orders untilthe middle of the year.
Last year exports of the fibre and textilethread group accounted for 1.4 billion USD, up nearly 24 percent against 2016.The group achieved the highest growth in the province’s five groups of productswith annual export revenue of more than 1 billion USD each. – VNA
VNA
