Dong Nai enjoys trade surplus of nearly 4.7 billion USD in 10 months
The southern province of Dong Nai recorded a trade surplus of nearly 4.7 billion USD in the first 10 months of this year, the provincial Statistics Office announced on November 2.
Dong Nai (VNA) – The southern province of Dong Nai recorded a trade surplus of nearly 4.7 billion USD in the first 10 months of this year, the provincial Statistics Office announced on November 2.
Specifically, the province's export turnover hit nearly 20.8 billion USD in the reviewed period, up nearly 19% year one year, while its imports were over 16 billion USD.
The biggest importers of products from Dong Nai were the US, Japan, China and Europe.
Among the province’s 50 key export commodities, footwear reported the largest value with nearly 4.6 billion USD. It was followed by garments, coffee, machinery and equipment, vehicles and spare parts. Six groups of commodities have their export value surpassing 1 billion USD.
Head of the office Tran Quoc Tuan said that Dong Nai was among the three localities leading the country in terms of footwear exports, with its turnover accounting for 26% of the nation’s total value.
The province is projected to earn over 5 billion USD from the export of footwear this year, added Tuan.
𒈔 In October alone, export value totaled 1.83 billion USD, increasing by over 2% from the previous month and nearly 29 percent from the same month in 2021.
Foreign-invested enterprises have accounted for a big proportion in Dong Nai’s export value, at around 80% during recent years. However, since the beginning of this year, exports by domestic firms have been rising fast, up around 46% from the same period last year to nearly 4.9 billion USD.
❀ This showed that domestic enterprises have improved their products’ quality and competitiveness. They have also been able to make use of opportunities brought by free trade agreements that Vietnam has signed with countries and territories worldwide, thus participating deeper in the global production chain.
At present, Dong Nai is one of the five biggest centres in Vietnam producing and exporting input materials for industrial production. In the province’s export structure, products of supporting industry account for two thirds of the total export volume. Since the beginning of 2022, the world economy has been on a downward trend. Due to rising inflation in many countries, import-export activities are facing difficulties. Vietnamese firms are no exception. However, Dong Nai managed to maintain a high growth in export. Trade and services in the province also showed good growth, with total retail sales of goods and services topped 232.68 trillion VND (over 9.8 billion USD), a rise of 23.9% year on year. The number of tourists visiting the province in the period reached 2.2 million, a 1.2 fold increase from the same period last year and equal to half of the figure in 2019, before the breakout of COVID-19. Tourism revenue came to 1.2 trillion VND, up 1.24 times year on year and 74.6% of the corresponding period in 2019./.
The export turnover of southern Dong Nai province hit 13.3 billion USD during the first six months of this year, surging 13 percent over the same period last year, according to the provincial Department of Industry and Trade.
President Nguyen Xuan Phuc on August 2 urged the southern province of Dong Nai to create changes in both mindset and action, and help to spur development in adjacent localities.
President Nguyen Xuan Phuc on August 3 inspected the implementation of the 2022 special amnesty work at Xuan Loc prison in the southern province of Dong Nai.
Although the world economy has not fully recovered from the negative impact of the COVID-19 pandemic and the ongoing conflict between Russia and Ukraine, export turnover of southern Dong Nai province hit 19.3 billion USD in the first nine months of this year, surging 20.17% over the same period last year, according to data of the General Statistics Office (GSO).
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: VNA) 
