Dong Nai: Trade surplus hits record height

VGP – The southern province of Dong Nai enjoyed the seventh consecutive year of trade surplus, the Dong Nai Statistics Office reported.

September 05, 2019 2:16 PM GMT+7

Illustration photo

In January-August period, export turnover valued US$ 12.76 billion, representing a year-on-year growth of 5.22%. Meanwhile, import value reached US$ 10.66 billion, up 1.11%.

Trade surplus exceeded US$ 2.1 billion, US$ 400 million more than that in the same period last year, accounting over 60% of national trade surplus.

The Statistics Office attributed the locality's high trade surplus to enterprises’ efforts to seek domestic raw materials and enjoy preferences of FTAs which Viet Nam signed.

High hard currency earners included footwear with US$ 2.76 billion, up 15.32%; machines with US$ 1 billion, up 15%; garments and textiles with US$ 1.34 billion up 4.36%; furniture with US$ 929 million, up 4.62%; transport vehicles with US$ 617 million, up 6.95%; steel products with US$ 492 million, up 4.77%.

In 2019, the province targets to earn US$ 20.3 billion of export turnover and about US$ 3 billion of trade surplus./.

By Khanh Phuong