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Dong Nai posts US$1.7 billion trade surplus in 10 months Print
Monday, 06 November 2017 16:04

VIETRADE – Dong Nai Statistical Department reports the southern province enjoyed trade surplus of US$1.7 billion in the 10 months of this year.


Of this figure, total export revenue reached over US$13.8 billion, a rise of 11.3% compared to the same period of last year, while total import value was US$12.1 billion, up 12.2% year-on-year.


Foreign-invested enterprises continued to be the biggest contributor to the exporting value with export from this sector fetching over US$11.9 billion, up 12.3% over the same period of last year.


Export value of the non-state sector was US$1.7 billion, up 5.4% year-on-year, while the same figure of the State sector was just US$170 million, up 4.5% year-on-year.


In October alone, the province shipped abroad goods worth nearly US$1.5 billion, of which main export commodities saw positive growth.


Footwear export earned US$262 million in October, up 25% year-on-year; garment and textile US$164 million, up 8.2%; fiber US$121 million, up 6.18%; wooden products US$115 million, up 8.8%; machinery and equipment US$103 million, up 4.1%.


From the import side, foreign-invested sector imported goods worth US$10.4 billion in the 10-month period, up 13.6% year-on-year, accounting for 86% of total imports.


Import value of the non-State sector was US$1.56 billion, up 3.9% year-on-year; and that of State sector was US$87 million, an inch up of 0.8% year-on-year.

Some raw materials saw high import growth in 10 months, including chemicals (US$450 million, up 12.1%), plastic material (US$981 million, up 17.4%), computers and electronic devices (US$456 million, up 25.2%).


Bright prospect in the last 2 months

About 3,500 enterprises are operating in the import-export sector in the province, of which over 40 commodities have big export revenue. They include footwear, textile and garment, fibers, wooden products, steel products, computers, electrics and components, machinery and equipment.


Among them, footwear is the province’s biggest export item. Export of this product is expected to earn about US$3.46 billion this year.


Dong Nai, located in the Southeast region ofVietnam, is one of the top five exporters in the country. The province’s statistical department estimates its total export revenue can reach US$17 billion this year, making trade surplus of US$2.2 billion for the whole year.


According to Duong Minh Dung, Director of Dong Nai Department of Industry and Trade, stable export of local enterprises helped the province’s industrial production index increase by 8.3% in the first nine months of this year.


Many enterprises have been active in seeking and expanding exporting markets and take advantage of the free trade agreementsVietnamhas signed with other countries to promote exports to these countries such asSouth Korea,Japan, the EU andUnited States.


Dung has predicted positive export growth in the last two months of this year and said many businesses have received orders until early 2018.

© 2011 Vietnam Trade Promotion Agency - VIETRADE
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