Cashew 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, reported the provincial Department of Industry and Trade.
The province’s export turnover hit 17 billion USD in the year, a year-on-year rise of 11.8 percent, with hard currency earners including textiles-garments, rubber, cashew nuts, computers, electronic components and footwear.
Director of the provincial Department of Trade and Industry Duong Minh Dung attributed the good results to efforts made by local enterprises to access new markets and effectively tap traditional markets.
Local firms have also been taking full advantage of free trade agreements that Vietnam signed with partners to boost exports, Dung said.
Regarding industrial production, the stable growth of key industrial sectors has also helped increase the province’s industrial production index (IPI).
Dong Nai’s IPI in 2017 surged by 8.6 percent compared to that of 2016, with the industrial production value was estimated at 731 trillion VND (32.2 billion USD), up 9.1 percent against last year.
Dong Nai has so far attracted 1,733 FDI projects from 45 countries and territories, with a total investment of 31.3 billion USD.
The local authorities are striving to make breakthroughs in economic development in 2018, focusing on restructuring the economy in connection with changing the growth model, increasing labour productivity and competitiveness of local firms.
According to Chairman of the provincial People’s Committee Dinh Quoc Thai, Dong Nai will take a series of measures to better its investment environment, increase exports, control imports and pay attention to protecting the environmental, towards developing a green and sustainable economic model.-VNA
