Dong Nai increases impressive trade surplus

The southern province of Dong Nai saw a trade surplus of 464 million USD in the first half of 2015, three times higher than that of the same period last year.
The southern province of Dong Nai saw a trade surplus of 464 million USDin the first half of 2015, three times higher than that of the sameperiod last year.

From January-June, theprovince’s export value was estimated at about 6.7 billion USD, up 14.5percent year on year, while import turnover is over 6.2 billion USD,according to the local Statistics Department.

The Department of Industry and Trade (DoIT) attributed the increase inexports to businesses’ market expansion and decreases in tariffs broughtabout by signed free trade agreements.

Amongnearly 30 export commodities, only five saw falls in value and volume.Commodities with high growth rates include footwear, garment-textiles,wood products, means of transportation, pepper corn and cashew nuts.

Head of the DoIT Le Van Danh said through the endof this year, DoIT will create favourable conditions for enterprises toreduce the time spent on import-export procedures.

It will hold business meetings and dialogues to provide firms withupdated regulations on the origin of products exported to Europe, Japanand Turkey.-VNA

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