Farm products – main exports of Vietnamese firms in Dong Nai

Dong Nai (VNA) – Agricultural products are main export commodities of Vietnamese businesses in Dong Nai province while FDI firms here favour the shipment of products of processing, manufacturing and electronics industries.

The southern province has raked in more than 6.6 billion USD in export revenue since the outset of 2017, a year-on-year increase of about 11 percent, according to the provincial Department of Industry and Trade.

Over 5.7 billion USD, or 87 percent, of the sum came from export activities of FDI enterprises whose goods with biggest turnover include footwear, fibre, computers, electronic products and components, and machinery.

Meanwhile, domestic enterprises mostly shipped abroad coffee (nearly 240 million USD), cashew nuts (over 110 million USD), and pepper (13 million USD).

The industry and trade department said although industrial products bring home high export value, it is very difficult for Vietnamese businesses to compete with FDI firms since they lack capacity and experience in global markets.

As Dong Nai, part of the southern key economic region, is home to a number of high-quality farm products, domestic companies should optimise this advantage and coordinate with farmers to export agricultural products, it added.

Central agencies should learn more about foreign demand for agricultural products in order to set up appropriate orientations and help producers access potential markets, the department noted.-VNA