Business

Domestic firms in Dong Nai set new record in export turnover

Domestic private enterprises in the southern province of Dong Nai earned nearly 5.8 billion USD from export activities in 2022, a record so far, according to the provincial Department of Industry and Trade.
Domestic firms in Dong Nai set new record in export turnover ảnh 1High-tech rubber band dampers at Tuong Lai Ltd. in Dong Nai (Photo: VNA)
Dong Nai (VNA) – Domestic privateenterprises in the southern province of Dong Nai earned nearly 5.8 billion USDfrom export activities in 2022, a record so far, according to theprovincial Department of Industry and Trade.

The department said that the figurerepresents an increase of nearly 35% over 2021, showing that products made by domesticcompanies are becoming more popular in the world.

Major markets of the firms include Europeancountries, the US and Japan, while major exports include garments,coffee, peppercorn, and home appliances.

The department reported that in 2022, DongNai’s export revenue reached nearly 24.6 billion USD, while imports were nearly19 billion USD., resulting in a trade surplus of 5.6billion USD.

Foreign-invested enterprises still playedthe core role in the overall export revenue of the province, with contributionof over 18 billion USD.

However, experts held that local privateenterprises will rise stronger in following years with higher competitiveness,especially in the areas of agriculture and garment and textile./.
VNA
#Dong Nai #domestic companies #private enterprises #garments #FDI firms #Vietnam #Vietnam news #Vietnam News Agency Dong Nai
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