Business

Dong Nai: Export revenue surges 12.7 percent

The southern province of Dong Nai earned more than 10.6 billion USD in export revenue in the first seven months of 2018, a year-on-year increase of 12.7 percent.
Dong Nai: Export revenue surges 12.7 percent ảnh 1The southern province of Dong Nai earned more than 10.6 billion USD in export revenue. (Photo: dongnai.gov.vn)

Dong Nai (VNA) – The southern province of Dong Nai earned more than10.6 billion USD in export revenue in the first seven months of 2018, ayear-on-year increase of 12.7 percent.

Of the total, the foreign direct investment (FDI) sector contributed 9.1billion USD. Meanwhile, the non-State and State-owned sectors bagged 1.4billion USD and 132 million USD, respectively.

The surge in export revenue was spurred by large orders, new export markets andthe rise in export prices of some products.

During the period, shipments of footwear fetched 2 billion USD, garment andtextiles more than 1.1 billion USD, machines and equipment 776 million USD andcomputers, electronic products and spare parts 384 million USD.

Major importers of the locality were the US (2.3 billion USD), China (more than1 billion USD) and Japan (896 million USD). An export upturn was also seen inthe Republic of Korea and Germany.

Local coffee, pepper, cashew and rubber experienced a decrease in exportrevenue due to stagnant demand and large stockpiles. Specifically, each tonneof cashew is currently sold at 9,282 USD, down 12.5 percent, while that of coffeeand pepper was 1,803 USD and 3,533 USD, falling 25.2 percent and 41.7 percent.

In the same period, the province splashed out 9 billion USD on imports, up 8.1percent from the same period last year.

The province enjoyed a 1.6 billion USD trade surplus, accounting for more than50 percent of the country’s trade surplus during the January-July period.-VNA

VNA
#southern province of Dong Nai #10.6 billion USD #export revenue #foreign direct investment #shipments of footwear #Major importers #Vietnam News Agency #Vietnamplus Dong Nai
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