Dong Nai exports reach US$4.7 bln in four months

During the reviewed period, the province recorded a trade surplus of US$644 million, making up 40% of the country’s total surplus. 

The foreign-invested sector contributed approximately US$3.9 billion, or 80% of the province’s four-month export turnover, the committee said, adding that foreign-funded enterprises have benefitted the most from the ASEAN Economic Community and free trade agreements that Vietnam inked with many countries and blocs. 

Thanks to these FTAs, the inflow of foreign direct investment to the province, especially from Japan , the Republic of Korea and China , continued to increase significantly in recent years. For example, the province had attracted over US$3.71 billion worth of Japanese investment by the end of April. 

Meanwhile, the State-owned and private sectors made up over US$80 million and US$666 million, respectively, of the province’s total export value in four months. 

Earlier this year, the provincial Department of Industry and Trade expected that the province’s export turnover is likely to enjoy a boost of 10% compared to 2015. 

Exports of the locality’s key commodities will increase, thanks to the recovering global market, said vice director of the department Duong Minh Dung. 

Last year, the US was the leading market for provincial exporters, with total goods value shipped to the market reaching over US$4 billion, while the import turnover from the country was US$1 billion. 

It was followed by Japan , with nearly US$1.3 billion in export turnover, and US$700 million in import value. 

The province’s export and import turnovers to six ASEAN countries, including Indonesia, Thailand, Cambodia, the Philippines, Singapore and Malaysia, hit US$1.5 billion and US$600 million, respectively, with main commodities being textiles, footwear, computers, electronics, wood and wooden products.