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Đồng Nai’s trade surplus to hit $2.6b

Update: December, 15/2018 - 07:00
Biên Hoà Industrial Park No 1 in Đồng Nai Province. VNS File Photo
Viet Nam News

ĐỒNG NAI  — The southern province of Đồng Nai is forecast to attain a trade surplus of US$2.6 billion this year, mostly due to rising export prices of farm produce.

The province’s exports amounted to US$18.6 billion, up by 11.7 per cent, and imports totalled $16 billion, according to the Đồng Nai Province People’s Committee.

The provincial authorities have taken measures to promote production of major exports such as textile and garments, footwear, electronics, farm produce, fiber, steel, machinery and equipment.

Major exports from Đồng Nai include footwear (with export turnover of nearly $3.7 billion, up by 9.3 per cent); garments ($2.14 billion, up 13.7 per cent), and steel products ($724 million, up 16.8 per cent); computers and electronic components ($661 million, up 10.7 per cent), according to figures released by Đồng Nai Statistics Bureau.

These products were sold to the province’s traditional markets, including China, the US, Japan, RoK, Belgium, Germany and Russia.

The province also reported a higher number of imports such as animal feed and materials (up by 747 per cent), chemicals (up by 20.4 per cent), plastic materials (up 19 per cent) and steel products (up 16.7 per cent).

A spokesman for Đồng Nai People’s Committee said the rising import turnover was caused by the prices of imports such as machinery, equipment and materials for production, and the production expansion of enterprises and plants.

He said Đồng Nai exporters continued to look for overseas markets for the province’s products. — VNS

 

 

 

 

 

 

 

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