The southern province of Dong Nai has enjoyed an annual average export growth of 17.2 percent over the last few years, which can be attributed to the catalogue of measures implemented by the locality to support businesses.
Businesses have been provided with financial assistance for production and import-export activities, and were offered tax incentives.
In addition, local authorities have organised numerous activities to promote trade and investment with the aim of helping enterprises find new markets and expand traditional ones.
Thanks to these efforts, local businesses, particularly in the textile and shoe industries, have established stable partnerships and signed long-term order contracts to sell their products abroad.
Dong Nai’s products are now available in 140 countries and territories worldwide. The province ranks amongst Vietnam’s top five localities in terms of export, with its turnover so far this year estimated at over 8.1 billion USD, a year-on-year increase of 14.5 percent.
The province’s export stables reported positive growth on all its traditional markets, such as the US, Japan, the Republic of Korea, China, the UK and Germany.
Its export value for all of 2014 is likely to reach 12 billion USD, representing a 9.8 percent rise compared to last year’s figure.
In order to achieve this, Le Van Danh, Head of the provincial Department of Industry and Trade, said local authorities needs to continue promoting trade and investment, and creating conditions for businesses to expand into the new markets in Africa, the Middle East and South America.
Until the end of this year, Dong Nai will focus on the markets of Cambodia, Japan, the Republic of Korea, India, Australia, Chile, Myanmar, Sri Lanka and the United Arab Emirates (UAE), where the locality’s products are in high demand.
The department will focus on improving market forecasts, updating businesses on all domestic and foreign policies relating to import-export, and providing them with the latest information on free trade agreements, either those already ratified or those still in the pipeline, he said.
Representatives of the department will also hold regular meetings with firms to address any export issues they may have in a timely manner, he added.-VNA
Businesses have been provided with financial assistance for production and import-export activities, and were offered tax incentives.
In addition, local authorities have organised numerous activities to promote trade and investment with the aim of helping enterprises find new markets and expand traditional ones.
Thanks to these efforts, local businesses, particularly in the textile and shoe industries, have established stable partnerships and signed long-term order contracts to sell their products abroad.
Dong Nai’s products are now available in 140 countries and territories worldwide. The province ranks amongst Vietnam’s top five localities in terms of export, with its turnover so far this year estimated at over 8.1 billion USD, a year-on-year increase of 14.5 percent.
The province’s export stables reported positive growth on all its traditional markets, such as the US, Japan, the Republic of Korea, China, the UK and Germany.
Its export value for all of 2014 is likely to reach 12 billion USD, representing a 9.8 percent rise compared to last year’s figure.
In order to achieve this, Le Van Danh, Head of the provincial Department of Industry and Trade, said local authorities needs to continue promoting trade and investment, and creating conditions for businesses to expand into the new markets in Africa, the Middle East and South America.
Until the end of this year, Dong Nai will focus on the markets of Cambodia, Japan, the Republic of Korea, India, Australia, Chile, Myanmar, Sri Lanka and the United Arab Emirates (UAE), where the locality’s products are in high demand.
The department will focus on improving market forecasts, updating businesses on all domestic and foreign policies relating to import-export, and providing them with the latest information on free trade agreements, either those already ratified or those still in the pipeline, he said.
Representatives of the department will also hold regular meetings with firms to address any export issues they may have in a timely manner, he added.-VNA
