Dong Nai posts trade surplus of over 5.4 billion USD in 11 months
The southern province of Dong Nai posted a trade surplus of over 5.4 billion USD with its export earnings and import turnover reaching more than 19.7 billion USD and over 14.3 billion USD in the first 11 months of 2023, respectively.
Dong Nai (VNA)💃 – The southern province of Dong Nai posted a trade surplus of over 5.4billion USD with its export earnings and import turnover reaching more than19.7 billion USD and over 14.3 billion USD in the first 11 months of 2023,respectively.
According to theprovincial Statistics Office, in November alone, the province’s exports sawpositive signals with revenue of nearly 1.9 billion USD.
Dong Nai's exports increasedas enterprises signed new orders and large contracts, especially for keyproducts such as garments, footwear, and computers. It is forecasted that inthe coming months, its export turnover will continue to increase as the world's inflationdecreases and the global economy gradually recovers. It is expected that theprovince will post a trade surplus of more than 6 million USD in 2023.
Tran Quoc Tuan,Director of the provincial Statistics Office, said that goods produced by enterprisesin Dong Nai are mostly for export and their main markets are the US, China, Japan,and the Republic of Korea.
ꦏ Since the end of 2022,due to difficulties in the world's economy, major economies that are Vietnam'sexport partners have reduced spending and purchase of non-essential products, hence many Dong Nai's businesses have had to cut their production scale and workforce. Now, the export situation is more positive, which is a premise to helpbusinesses stabilise production after a long period of facing a shortage oforders.
In addition, despitedifficulties, in the first 11 months of 2023, the province’s foreign directinvestment (FDI) attraction still increased, reaching more than 1 billion USD,exceeding the yearly plan by 300 million USD. Most of the FDI projects in theprovince are invested in supporting industries, apply advanced technologies, require few labourers, and do not pollute the environment./.
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Illustrative photo (Photo: VNA) 
