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Dong Nai enjoys record trade surplus of 2 billion USD

The southern province of Dong Nai achieved a record trade surplus of 2 billion USD in 2017, reported the provincial Department of Industry and Trade.
Dong Nai enjoys record trade surplus of 2 billion USD ảnh 1Cashew nut is among Dong Nai's main export staples. (Photo: VNA)

Dong Nai (VNA)– The southern province of Dong Nai achieved a record trade surplus of 2 billion USD in 2017, reportedthe provincial Department of Industry and Trade.

The province’s export turnoverhit 17 billion USD in the year, a year-on-year rise of 11.8 percent, with hardcurrency earners including textiles-garments, rubber, cashew nuts, computers,electronic components and footwear.

Director of the provincialDepartment of Trade and Industry Duong Minh Dung attributed the good results toefforts made by local enterprises to access new markets and effectively tap traditionalmarkets.

Local firms have also beentaking full advantage of free trade agreements that Vietnam signed withpartners to boost exports, Dung said.

Regarding industrialproduction, the stable growth of key industrial sectors has also helped increasethe province’s industrial production index (IPI).

Dong Nai’s IPI in 2017 surgedby 8.6 percent compared to that of 2016, with the industrial production value wasestimated at 731 trillion VND (32.2 billion USD), up 9.1 percent against lastyear.

Dong Nai has so farattracted 1,733 FDI projects from 45 countries and territories, with a totalinvestment of 31.3 billion USD.

The local authorities arestriving to make breakthroughs in economic development in 2018, focusing on restructuringthe economy in connection with changing the growth model, increasing labourproductivity and competitiveness of local firms.

According to Chairman ofthe provincial People’s Committee Dinh Quoc Thai, Dong Nai will take a seriesof measures to better its investment environment, increase exports, controlimports and pay attention to protecting the environmental, towards developing agreen and sustainable economic model.-VNA

VNA
#Dong Nai #record trade surplus #trade surplus #export turnover #export #currency earner #industrial production #IPI #FDI #foreign investment #economy #Vietnam #business #Vietnam news #Vietnamplus Dong Nai
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