Dong Nai's export surplus increased thanks to supporting industry development
Created On: 22/10/2019 14:33:35
In 2016, Dong Nai's export turnover of goods reached US $ 15.2 billion, of which imports reached US $ 13.1 billion.Thus, in 2016, Dong Nai set a new trade surplus of 2.1 billion USD.Dong Nai has also become one of the 4 provinces and cities with the highest trade surplus in the country.
Footwear is the product with the highest export turnover and growth rate among Dong Nai's export items
Among the 4 items with export turnover of over 1 billion USD of the province (footwear, textile, fiber, wood products), footwear is the item with the highest export turnover and growth, reaching more than 3 , 14 billion USD, accounting for over 1/5 total export turnover of the province. Followed by textiles of over 1.7 billion USD, wood products of nearly 1.2 billion USD, textile fibers reaching nearly 1.2 billion USD.
According to Dong Nai Department of Industry and Trade, the highest trade surplus so far proves that domestic material supply is increasing and enterprises have paid more attention to domestic raw materials. to produce. The high trade surplus was also attributed to the Government and the province's policies to attract supporting industry investment several years ago.
According to many enterprises, in the past, there were orders of textile, footwear, wood products to import materials for production from 85 - 95%, but now many domestic orders have supplied from 40-60 %. Domestic raw materials will help businesses reduce time, shipping will be more active in production. Besides, newly established enterprises, increasing capital in Dong Nai in recent years appeared many enterprises in the field of supporting industries. In attracting investment from abroad, many businesses come to Dong Nai to invest in supporting industries to supply companies in Vietnam and export. In addition, when enterprises participating in export to Vietnam markets have signed free trade agreements, they will be proactive and easily enjoy tax incentives.
In 2017, the province's trade surplus is expected to continue to increase due to the gradual improvement in the domestic supply of raw materials. Specifically, foreign investment attraction of the province in the last 2-3 years has been quite high, including many large projects investing in supporting industries such as Hyosung Dong Nai Co., Ltd. with the investment capital of 660 million USD; Dongwon Textile Vietnam Co., Ltd., with an investment of about US $ 60 million, specializes in manufacturing yarns and fabrics for the domestic market and for export.
With domestic raw material quality assurance, the price is equivalent to importing businesses doing exports will switch to use domestic goods. This is also a good opportunity for domestic production of supporting industries.