Export turnover in the southern province of Dong Nai has performedwell due to market stability and export market expansion, according tothe provincial department of Industry and Trade.

The province’sexport turnover in May 2015 is estimated to reach 1.1 billion USD, up7.3 percent compared to the same period last year.

Some productsare expected to have particularly high export turnover, such as computerspare parts and transport vehicles (34 percent), electrical products(25 percent) and cashew nuts (40 percent).

Major marketsincluding the US, China and Japan are continuing to enjoy high growth of13.5 percent, 9.5 percent and 2 percent, respectively. Other marketsseeing positive growth include the UK, Singapore, Canada, India andAustralia.

According to the department’s director, Le Van Danh,the province aims to bring home up to 14.6 billion USD, an increase of10-12 percent against the previous year, from exporting local products.

Headded the US is the province’s biggest export market and new link upswith American industrial associations and big enterprises such asWalmart should cement this further. Currently over 80 percent of exportturnover in the province comes from Foreign Direct Investment (FDI)enterprises.

Over the last two years, FDI enterprises haveshifted factories to Vietnam, hoping to enjoy preferential treatmentwhen several trade deals, including the Trans-Pacific-PartnershipAgreement (TPP), come into play by 2016.

Dong Nai is one of Vietnam’s most attractive destinations for FDI investors.-VNA