Dong Nai enjoys trade surplus in Q1
The southern province of Dong Nai enjoyed a trade surplus of 690 million USD in the first quarter of 2019, said the provincial Department of Industry and Trade.
Workers at a garment-textile factory (Illustrative photo: VNA)Dong Nai (VNA) – The southern province of Dong Nai enjoyed a trade surplus of 690 million USD in the first quarter of 2019, said the provincial Department of Industry and Trade.
The province raked in 4.58 billion USD from exports in the period, a rise of 7.05 percent year-on-year. In March alone, the figure stood at 1.76 billion USD, surging 70.82 percent against the previous month.
The growth is attributable to the stabilised production of local firms after the traditional Lunar New Year (Tet) holidays, as well as advantages from export markets and free trade agreements.
Major items recording high export growth in March included rubber (47.94 percent); footwear (20.58 percent); machinery, devices, and spare parts (19.12 percent); wooden products (10.95 percent); and garment-textile (8.75 percent).
In the month, the province’s exports to Japan increased 21 percent, followed by its exports to the US (18.39 percent) and China (11.3 percent).
According to Dong Nai Department of Industry and Trade, the province’s exports are expected to speed up in the following months, especially for its staples, such as garment-textiles, footwear, processed food, confectionery, and tobacco. –VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
