The southern province of Dong Nai earned nearly 11 billion USD fromexports this year, up 9.4 percent over 2012, fulfilling only 92 percentof its yearly target.
According to the provincialDepartment of Industry and Trade, the target failure was caused by theimpacts of the gloomy economy and fierce competition from othercountries, forcing businesses to revise their plans and strategies.
Some enterprises had to switch over to the domestic market, whileexport markets contracted and the price of some agricultural productsdropped sharply, the department added.
In Decemberalone, the province’s export revenue was 929.4 billion USD, increasing1.5 percent over the previous month and 17.5 percent over the sameperiod last year.
The state-owned sector contributed76.2 million USD to the total, a 3.4 percent rise year on year, whilelocally-run enterprises earned more than 1.17 billion USD, up 4.2percent over the same period in 2012.
Particularly,foreign-invested businesses recorded the highest revenue in exports atover 9.636 billion USD, up 10.2 percent year on year but equivalent toonly 93 percent of the set target.
The US, Japan,China and European countries were the major markets of Dong Nai,consuming the locality’s key products of garments and textiles,footwear, computers, electronic accessories, wood and wooden products,coffee, rubber and cashew nuts.
In 2014, Dong Nai will strive to reach 9-10 percent in export growth compared to 2013.-VNA
According to the provincialDepartment of Industry and Trade, the target failure was caused by theimpacts of the gloomy economy and fierce competition from othercountries, forcing businesses to revise their plans and strategies.
Some enterprises had to switch over to the domestic market, whileexport markets contracted and the price of some agricultural productsdropped sharply, the department added.
In Decemberalone, the province’s export revenue was 929.4 billion USD, increasing1.5 percent over the previous month and 17.5 percent over the sameperiod last year.
The state-owned sector contributed76.2 million USD to the total, a 3.4 percent rise year on year, whilelocally-run enterprises earned more than 1.17 billion USD, up 4.2percent over the same period in 2012.
Particularly,foreign-invested businesses recorded the highest revenue in exports atover 9.636 billion USD, up 10.2 percent year on year but equivalent toonly 93 percent of the set target.
The US, Japan,China and European countries were the major markets of Dong Nai,consuming the locality’s key products of garments and textiles,footwear, computers, electronic accessories, wood and wooden products,coffee, rubber and cashew nuts.
In 2014, Dong Nai will strive to reach 9-10 percent in export growth compared to 2013.-VNA
