The US has become the largest export market of southern Dong Naiprovince, said Director of the provincial Department of Investment andPlanning Bo Ngoc Thu.
The locality shipped 364million USD worth of commodities to the US in June alone, up 2.8 percentfrom the previous month and roughly 15.9 percent year on year. Thisfairly contributed to the export turnover of almost 2 billion USD duringthe first half of this year, a year on year surge of 17.6 percent.
Key foreign currency earners include footwear, textile and garment,and timber. Footwear exports rose 21 percent year on year to 567 millionUSD, accounting for 29 percent of total exports to the US while textileand garment brought home 353 million USD, up 12 percent andrepresenting 18.6 percent of the export turnover.
Iron and steel, machinery, bags, suitcases, hats and seafood are amongother export products, responsible for around 2-5 percent of the total.
Dong Nai has established connection with severalUS groups in retail and marketing industries, such as Target and Made inUSA Works, to not only gain more access for its goods to the US marketbut also cut costs from middlemen.
Additionally,Dong Nai Business Association and Made in USA Works have signed aMemorandum of Understanding for their cooperation.
Chris Neeley from Made in USA Works said it requires local enterprisesto have fairly large capital to produce high-quality goods atreasonable cost and with higher productivity, in order to make inroadinto the US market.
The US currently has 23 FDI projects in the province with a combined investment of 134 million USD.-VNA
The locality shipped 364million USD worth of commodities to the US in June alone, up 2.8 percentfrom the previous month and roughly 15.9 percent year on year. Thisfairly contributed to the export turnover of almost 2 billion USD duringthe first half of this year, a year on year surge of 17.6 percent.
Key foreign currency earners include footwear, textile and garment,and timber. Footwear exports rose 21 percent year on year to 567 millionUSD, accounting for 29 percent of total exports to the US while textileand garment brought home 353 million USD, up 12 percent andrepresenting 18.6 percent of the export turnover.
Iron and steel, machinery, bags, suitcases, hats and seafood are amongother export products, responsible for around 2-5 percent of the total.
Dong Nai has established connection with severalUS groups in retail and marketing industries, such as Target and Made inUSA Works, to not only gain more access for its goods to the US marketbut also cut costs from middlemen.
Additionally,Dong Nai Business Association and Made in USA Works have signed aMemorandum of Understanding for their cooperation.
Chris Neeley from Made in USA Works said it requires local enterprisesto have fairly large capital to produce high-quality goods atreasonable cost and with higher productivity, in order to make inroadinto the US market.
The US currently has 23 FDI projects in the province with a combined investment of 134 million USD.-VNA
