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Dong Nai hits $200m trade surplus in Jan

Update: February, 14/2015 - 09:27

DONG NAI (VNS) — The southern province of Dong Nai posted a trade surplus of approximately US$200 million in January, the latest report by the provincial People's Committee revealed.

During the month, the province exported about $1.1 billion worth of goods, up 11 per cent from the same time last year.

Of the total provincial export turnover, the foreign-invested sector accounted for the largest share at 82.7 per cent or $910 million. The private sector came second with 13.8 per cent or $152 million.

Export items that recorded positive growth included rubber (up 142 per cent); cashew nuts (58 per cent); pepper (47 per cent); footwear (31 per cent) and textiles and garments (11.4 per cent).

Meanwhile, the province's imports topped $889 million, surging 10 per cent year-on-year, with major imports including chemicals, dress materials, footwear, machine and equipment, steel and iron, as well as pharmaceuticals.

Dong Nai forecast that its export turnover this year will surge 15 per cent year-on-year to touch $14.4 billion, almost doubling from the figure reported in 2010.

Last year, the province reported a record export value of more than $13 billion, surpassing the set target by $500 million and posting a 19 per cent year-on-year jump, according to the provincial Department of Industry and Trade.

So far, the locality's biggest importers are the United States, Japan, South Korea and China, it said, adding that local exporters have successfully forayed into several new markets, including Greece, Uruguay, Sweden, Colombia, Switzerland, Slovakia and Israel.

The province also enjoyed a trade surplus of nearly $500 million in 2014. — VNS

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