Dong Nai: trade surplus predicted to hit US$2 bln
The southern province of Dong Nai is forecast to enjoy a trade surplus of US$2 billion in 2017, according to Chairman of the provincial People’s Committee Dinh Quoc Thai.
Export turnover of the locality is estimated at nearly US$17 billion this year, up 11.8% year-on-year, while the figure for imports is US$15 billion, up 13.5%.
According to the provincial Statistics Office, in November alone, the locality’s export turnover hit US$1.54 billion, 6.9% above October.
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| Producing footwear for export (Source: http://baocongthuong.com.vn) |
Among commodities with high export growth compared to October, footwear ranked first with 34.4%, followed by wooden products with 34.1%, textiles with 32.1% and fiber with 19.2%.
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 Vietnam 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, Thai said.
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 added.
