Dong Nai province posts 500 million USD in trade surplus
The southern province of Dong Nai recorded a trade surplus of 500 million USD in the first two months of 2019, according to the provincial Department of Industry and Trade.
Textile-garment are among the key foreign currency earners of Dong Nai province (Photo: VNA)
Dong Nai (VNA) – The southern province of Dong Nairecorded a trade surplus of 500 million USD in the first two months of 2019,according to the provincial Department of Industry and Trade.
This surplus is the result of nearly 3 billionUSD in exports, up 10.79 percent year-on-year, and 2.5 billion USD in importsduring the period.
Several key commodities enjoyed fast exportgrowth compared to the same period last year, including footwear (up 22.97percent); garment-textiles (31.14 percent); timber products (38 percent); andmachinery, equipment, and spare parts (31.61 percent).
The department attributed the export revenueincrease to the fact that local businesses have actively made use of chancescreated by the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP), which officially took effect on January 14 this year, tosign orders. Many of them are producers of big foreign currency earners like footwear,garment-textiles, electronic products, machinery and equipment, wood products,coffee, fruits, peppercorn, and cashew.
Additionally, Dong Nai has carried out sound tradepromotion activities in recent years, encouraging foreign invested and domesticfirms to actively partner with one another to ensure domestic material supplyand reduce the import of raw materials, the department said.
The province’s export revenue is forecast tokeep rising fast in March, when businesses fully resume normal productionactivities after a long Lunar New Year holiday in early February.
Dong Nai is part of Vietnam’s southern keyeconomic region, which also covers Ho Chi Minh City and the provinces of TayNinh, Binh Phuoc, Binh Duong, Ba Ria-Vung Tau, Long An, and Tien Giang. –VNA
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Textile-garment are among the key foreign currency earners of Dong Nai province (Photo: VNA) 
