Domestic firms in Dong Nai set new record in export turnover

Domestic private enterprises in the southern province of Dong Nai earned nearly US$5.8 billion from export activities in 2022, a record so far, according to the provincial Department of Industry and Trade.

The department said that the figure represents an increase of nearly 35% over 2021, showing that products made by domestic companies are becoming more popular in the world.

Major markets of the firms include European countries, the US and Japan, while major exports include garments, coffee, peppercorn, and home appliances.

The department reported that in 2022, Dong Nai’s export revenue reached nearly US$24.6 billion, while imports were nearly US$19 billion, resulting in a trade surplus of US$5.6 billion.

Foreign-invested enterprises still played the core role in the overall export revenue of the province, with contribution of over US$18 billion.

However, experts held that local private enterprises will rise stronger in following years with higher competitiveness, especially in the areas of agriculture and garment and textile.

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