Dong Nai: trade surplus predicted to hit 2 bln USD
The southern province of Dong Nai is forecast to enjoy a trade surplus of 2 billion USD in 2017, according to Chairman of the provincial People’s Committee Dinh Quoc Thai.
Producing footwear for export (Source: //baocongthuong.com.vn)
Dong Nai (VNA) – The southernprovince of Dong Nai is forecast to enjoy a trade surplus of 2 billion USD in 2017, according to Chairman of theprovincial People’s Committee Dinh Quoc Thai.
Export turnover of the locality is estimated at nearly 17 billion USD this year,up 11.8 percent year-on-year, while the figure for imports is 15 billion USD,up 13.5 percent.
According to the provincial Statistics Office, in November alone, thelocality’s export turnover hit 1.54 billion USD, 6.9 percent above October.
Among commodities with high export growth compared to October, footwear rankedfirst with 34.4 percent, followed by wooden products with 34.1 percent,textiles with 32.1 percent and fiber with 19.2 percent.
The results were attributed to local exporters’ access to new markets and effectiveexploitation of traditional markets.
Businesses in Dong Nai have taken advantages of free trade agreements signedbetween Vietnam and other economies, thus expanding export output.
The increased export price of farm produce in 2017 has also contributed to DongNai’s export growth, Thai said.
Director of the provincial Department of Industry and Trade Duong Minh Dung saidthe agency will continue providing support for local exporters in tradepromotion, seeking new markets and connecting to foreign direct investmentbusinesses operating in the locality.
It will also do its best to fight fake goods and trade fraud to protectproducers and consumers, he added.-VNA
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Producing footwear for export (Source: //baocongthuong.com.vn) 
