Southern Dong Nai province reported a record export value of more than US$13 billion in 2014, surpassing the set target by US$500 million and posting a 19% year-on-year increase.
Overall, the foreign-invested sector made up the lion share of the figure with almost US$11.3 billion, while the private sector accounted for US$1.5 billion.
So far, the locality’s biggest importers are the US, Japan, the Republic of Korea and China. Major exports include footwear, garment & textile, wood products and machinery parts, according to the Dong Nai’s Department of Industry and Trade.
Local exporters have successfully made entrance into several new markets including Greece, Uruguay, Sweden, Colombia, Switzerland, Slovakia and Israel.
The province forecasts its export turnover in 2015 will rise 15% year on year to reach US$14.4 billion, almost doubling the figure of 2010.
Dong Nai, together with Binh Duong, Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc, Long An and Tien Giang provinces and Ho Chi Minh City, form Vietnam’s southern key economic region.
The province, Ho Chi Minh City, and Binh Duong are amongst the most attractive FDI destinations in Vietnam.