Dong Nai (VNA) – The southern province of Dong Nai recorded a trade surplus of nearly 4.7 billion USD in the first 10 months of this year, the provincial Statistics Office announced on November 2.

Specifically, the province's export turnover hit nearly 20.8 billion USD in the reviewed period, up nearly 19% year one year, while its imports were over 16 billion USD.

The biggest importers of products from Dong Nai were the US, Japan, China and Europe.

Among the province’s 50 key export commodities, footwear reported the largest value with nearly 4.6 billion USD. It was followed by garments, coffee, machinery and equipment, vehicles and spare parts. Six groups of commodities have their export value surpassing 1 billion USD.  

Head of the office Tran Quoc Tuan said that Dong Nai was among the three localities leading the country in terms of footwear exports, with its turnover accounting for 26% of the nation’s total value.

The province is projected to earn over 5 billion USD from the export of footwear this year, added Tuan.

In October alone, export value totaled 1.83 billion USD, increasing by over 2% from the previous month and nearly 29 percent from the same month in 2021.

Foreign-invested enterprises have accounted for a big proportion in Dong Nai’s export value, at around 80% during recent years. However, since the beginning of this year, exports by domestic firms have been rising fast, up around 46% from the same period last year to nearly 4.9 billion USD.

This showed that domestic enterprises have improved their products’ quality and competitiveness. They have also been able to make use of opportunities brought by free trade agreements that Vietnam has signed with countries and territories worldwide, thus participating deeper in the global production chain.

At present, Dong Nai is one of the five biggest centres in Vietnam producing and exporting input materials for industrial production. In the province’s export structure, products of supporting industry account for two thirds of the total export volume.

Since the beginning of 2022, the world economy has been on a downward trend. Due to rising inflation in many countries, import-export activities are facing difficulties. Vietnamese firms are no exception. However, Dong Nai managed to maintain a high growth in export.

Trade and services in the province also showed good growth, with total retail sales of goods and services topped 232.68 trillion VND (over 9.8 billion USD), a rise of 23.9% year on year. The number of tourists visiting the province in the period reached 2.2 million, a 1.2 fold increase from the same period last year and equal to half of the figure in 2019, before the breakout of COVID-19. Tourism revenue came to 1.2 trillion VND, up 1.24 times year on year and 74.6% of the corresponding period in 2019./.