Business

Dong Nai assists local firms accelerate exports

Southern Dong Nai province authorities had a dialogue with over 100 local enterprises on December 16 to figure out their difficulties and seek ways to raise their production and expand export markets.
Southern Dong Nai province authorities had a dialogue with over 100local enterprises on December 16 to figure out their difficulties andseek ways to raise their production and expand export markets.

Nguyen Tri Cong, Chairman of the Dong Nai Livestock Association,proposed local credit organisations allow greater access to preferentialcredit packages for farmers and accept livestock products as securityfor their loans.

Representatives from local firmssuggested that Dong Nai and credit institutions loosen lendingprocedures and create preferential loans to help enterprises, especiallysmall and medium-sized ones, access capital sources to expand theirbusiness.

The authorities pledged to exert everyeffort to remove administrative difficulties for enterprises promptly.Meanwhile, the State Bank of Vietnam provincial branch vowed tocome up with policies that enable businesses to access needed capital.

In 2015, Dong Nai plans to back local firms toexplore new export markets besides traditional ones of Asia, the US,Japan and China. At the same time, the province will also make fulluse of preferences in markets that are to sign free trade agreementswith Vietnam, including the EU, the Republic of Korea, and theCustoms Union of Russia, Belarus, and Kazakhstan.

According to the provincial Department of Industry and Trade, thelocality earned over 1.2 billion USD from exports in November, up 0.3percent over the previous month, pushing the turnover inJanuary-November to 11.55 billion USD, a year-on-year rise of 16.8percent.

In 2015, Dong Nai targets 14.4 billion USD in exports, up 15 percent year on year.

Dong Nai, together with Binh Duong, Tay Ninh, Ba Ria-Vung Tau, BinhPhuoc, Long An and Tien Giang provinces and Ho Chi Minh City, formVietnam’s southern key economic region.

The province, Ho Chi Minh City, and Binh Duong are amongst the most attractive FDI destinations in Vietnam.-VNA
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