Dong Nai’s trade surplus reaches 4.2 billion USD in eight months

Dong Nai province, an FDI magnet in the southern region, posted a trade surplus of 4.2 billion USD during January – August on the back of the recovery of the global market, according to the provincial Statistics Office.

Illustrative image (Photo: VNA)

During the eight-month span, the province shipped some 15.5 billion USD worth of products abroad, and imported 11.3 billion USD, up 8.6% and 8.7% against the same time last year, respectively. It enjoyed an increase in the number of orders from large trading partners such as the US, Europe and China.

Furthermore, there was a surge in the prices of most exports, particularly cashew, coffee, and pepper, contributing to the rise in the export revenue.
The province’s index of industrial production in the period grew 7.37% as compared to the same time last year, with sound growth seen in such sectors as tobacco (8.5%), garments and textiles (7.6%), leather and related products (6.7%), rubber and plastic products (10.7%), and electrical equipment (10%).

For the remainder of the year, the province will continue carrying out measures to remove bottlenecks for enterprises, as well as help them access credit resources, expand export markets, and capitalise on trade agreements./.

(Source:VNA)