Dong Nai: Export revenue surges 12.7 percent
The southern province of Dong Nai earned more than 10.6 billion USD in export revenue in the first seven months of 2018, a year-on-year increase of 12.7 percent.
The southern province of Dong Nai earned more than 10.6 billion USD in export revenue. (Photo: dongnai.gov.vn)Dong Nai (VNA) – The southern province of Dong Nai earned more than 10.6 billion USD in export revenue in the first seven months of 2018, a year-on-year increase of 12.7 percent.
Of the total, the foreign direct investment (FDI) sector contributed 9.1 billion USD. Meanwhile, the non-State and State-owned sectors bagged 1.4 billion USD and 132 million USD, respectively.
The surge in export revenue was spurred by large orders, new export markets and the rise in export prices of some products.
During the period, shipments of footwear fetched 2 billion USD, garment and textiles more than 1.1 billion USD, machines and equipment 776 million USD and computers, electronic products and spare parts 384 million USD.
Major importers of the locality were the US (2.3 billion USD), China (more than 1 billion USD) and Japan (896 million USD). An export upturn was also seen in the Republic of Korea and Germany.
Local coffee, pepper, cashew and rubber experienced a decrease in export revenue due to stagnant demand and large stockpiles. Specifically, each tonne of cashew is currently sold at 9,282 USD, down 12.5 percent, while that of coffee and pepper was 1,803 USD and 3,533 USD, falling 25.2 percent and 41.7 percent.
In the same period, the province splashed out 9 billion USD on imports, up 8.1 percent from the same period last year.
The province enjoyed a 1.6 billion USD trade surplus, accounting for more than 50 percent of the country’s trade surplus during the January-July period.-VNA
You should also see
Millions of children in Vietnam protected by vaccination over 40 years: UN agencies
Millions of children in Vietnam have been protected by immunisation over the past 40 years, said the World Health Organisation (WHO) and UNICEF offices in Vietnam on April 25 when they mark the World Immunisation Week from April 24-30.
See more
Business
Petrol prices decrease slightly on April 25
The retail prices of petrol were adjusted down from 3pm on April 25 by the Ministry of Industry and Trade and the Ministry of Finance.
Business
Vietnamese canned sugarcane juice favoured in US
The first cases of Vietnamese canned sugarcane juice have hit supermarket shelves in Miami, the US state of Florida.
Business
Labels on foods exported to Singapore must be accurate: Trade counselor
Counsellor Cao Xuan Thang, head of the Vietnam Trade Office in Singapore, has advised Vietnamese exporters to pay attention to labeling pre-packaged food products to ensure their credibility and image of businesses when exporting to the Singaporean market.
Business
April 25 gold bullion auction cancelled
The State Bank of Vietnam (SBV) has announced that it canceled the gold bullion auction scheduled for April 25 morning as only one business submitted its bidding form.
Business
High airfares create chance for short-distance trips for Reunification Day holiday
Due to a hike of air ticket prices for domestic flights, Vietnamese tourists are turning to short-distance trips for the upcoming National Reunification Day (April 30) and May Day (May 1) holidays.
