Business

Dong Nai posts record export turnover in 2014

Southern Dong Nai province reported a record export value of more than 13 billion USD in 2014, surpassing the set target by 500 million USD and posting a 19 percent year-on-year increase.
Southern Dong Nai province reported a record export value of more than13 billion USD in 2014, surpassing the set target by 500 million USD andposting a 19 percent year-on-year increase.

Overall, theforeign-invested sector made up the lion share of the figure with almost11.3 billion USD, while the private sector accounted for 1.5 billionUSD.

So far, the locality’s biggest importers are the US,Japan, the Republic of Korea and China. Major exports include footwear,garment & textile, wood products and machinery parts, according tothe Dong Nai’s Department of Industry and Trade.

Localexporters have successfully made entrance into several new marketsincluding Greece, Uruguay, Sweden, Colombia, Switzerland, Slovakia andIsrael.

Dong Nai also enjoyed a trade surplus of nearly half a billion USD this year.

The province forecasts its export turnover in 2015 will rise 15percent year on year to reach 14.4 billion USD, almost doubling thefigure of 2010.

Dong Nai, together with Binh Duong, Tay Ninh,Ba Ria-Vung Tau, Binh Phuoc, Long An and Tien Giang provinces and HoChi Minh City, form Vietnam’s southern key economic region.

The province, Ho Chi Minh City, and Binh Duong are amongst the most attractive FDI destinations in Vietnam.-VNA
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