Dong Nai’s export revenue reaches 4.3 billion USD in Q1
The southern province of Dong Nai earned 4.3 billion USD from export in the first quarter of 2018, up 12.3 percent over the same period last year, according to the provincial Department of Planning and Investment.
Dong Nai(VNA) – The southern province of Dong Nai earned 4.3 billion USD from export inthe first quarter of 2018, up 12.3 percent over the same period last year,according to the provincial Department of Planning and Investment.
Cao Tien Dung, head ofthe department, attributed the province’s high export revenue in the firstquarter to long-term orders that local firms won earlier, as well as the recoveringdomestic and global economy and expanded export markets.
A surge was seen in majorproducts of the province, including footwear, garment and textile, computers,electronic spare part, machines, cashew nuts, and wooden products.
Major markets of DongNai in the first quarter included the US, China, the Republic of Korea, Taiwan(China), the EU and Russia.
Dung said that inorder to maintain the high growth, and complete its target of 11 percent inexports growth to reach 18.5 billion USD, the province will continueaccompanying businesses, while supporting them in promoting trade promotion andseeking markets.
At the same time, theprovince will enhance connection between local products and firms toforeign-direct invested companies in the locality to minimise imports and improvecompetitiveness of domestic businesses.
Dong Nai is now hometo 35 industrial zones with more than 700,000 workers. The locality achieved arecord trade surplus of 2 billion USD in 2017.-VNA
The southern province of Dong Nai has licensed eight foreign direct investment (FDI) projects worth 31.7 million USD and one domestic project worth 200 billion VND (8.8 million USD).
The authorities of southern Dong Nai province said they will continue assisting local businesses to research export markets and promote trade for achieving an export turnover of 18.3-18.5 billion USD.
The southern province of Dong Nai has licensed 38 foreign direct investment (FDI) projects worth more than 374 million USD in the first three months of 2018.
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Cashew production for export (Photo: VNA) 
