The southern province of Dong Nai exported over 2.1 billion USD worth of footwear in January-October, posting the highest year-on-year increase of 17 percent.
The southern province of Dong Nai exported over 2.1 billion USD worth of footwear in January-October, posting the highest year-on-year increase of 17 percent.
Dong Nai is one of the three biggest footwear exporters of Vietnam with Europe and the US as key markets, according to Deputy Head of the provincial statistics department Tran Xuan Ha.
He noted that a number of big orders from overseas are flowing into the province, which is hoped to help the footwear sector surpass its target of 2.5 billion USD set for this year.
In addition to footwear, wood-timber products and garment-textiles also grossed over 1 billion USD in export turnover, which is forecast to surge in the remaining months.
Key importers of the three staples are the US, Europe and the Republic of Korea.
According to the provincial Department of Industry and Trade, in the first 10 months of this year, Dong Nai’s export turnover is estimated at over 12 billion USD, up 10.6 percent over the same period last year.
The province imported 11.06 billion USD worth of goods, a year-on-year rise of 6.3 percent. It mainly purchased machines, equipment and spare parts together with apparel and footwear materials.
Local export revenue is expected to reach over 14.4 billion USD in 2015, up 15 percent against the previous year and nearly doubling that of 2010.
To realise the target, the department will continue to improve administrative formalities and increase business competitiveness.
ﷺ The province will actively engage in cooperation and connectivity programmes with cities and provinces in different regions to create abundant opportunities for export while endorsing trade and investment promotion activities.-VNA
The retail sector of the southeast province of Dong Nai has grown at an increasingly rapid pace in the past five years, fuelled by the availability and convenience of shopping facilities.
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Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
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Illustrative photo. (Photo: VNA)
