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Dong Nai’s export turnover enjoys surge

VGP - Export turnover of the locality is estimated at US$1.267 billion in January, up nearly 14 percent against the same period last year, according to the provincial Department of Statistics.

January 30, 2018 11:30 AM GMT+7

In January only, figure, State-owned enterprises and non-State firms US$18.8 million and US$149.5 million, respectively, while foreign-invested firms created US$1.1 billion. 

Commodities with big export turnover were footwear (US$279 million), garment-textiles (US$177 million), wooden products (US$102 million), fiber (US$106 million), and machinery, equipment and spare parts (US$87 million). 

The provincial People’s Committee attributed the positive results to efforts made by local businesses in stablising the market and signing export contracts at the end of 2017. 

Dong Nai’s index of industrial production in January increased by 8.76% year-on-year, with the highest rise recorded in processing-manufacturing – at 9.37%.

The results were attributed to local exporters’ access to new markets and effective exploitation of traditional markets. 

Businesses in Dong Nai have taken advantages of free trade agreements signed between Viet Nam and other economies, thus expanding export output. 

The increased export price of farm produce in 2017 has also contributed to Dong Nai’s export growth.

Director of the provincial Department of Industry and Trade Duong Minh Dung said the agency will continue providing support for local exporters in trade promotion, seeking new markets and connecting to foreign direct investment businesses operating in the locality.

It will also do its best to fight fake goods and trade fraud to protect producers and consumers, he aded.

                                                                                                                                    By Vien Nhu