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Dong Nai continues to have a trade surplus with a turnover of approximately 464 million USD

After 6 months, while the whole country had the trade gap of about 3.75 billion USD, Dong Nai is one of few provinces continues to have a trade surplus with a turnover of approximately 464 million USD, almost equal to that of  2014.


In the first half of 2015, Dong Nai had a bumper period for merchandise export with a turnover of approximately 7 billion USD. This is the year with the highest export value (compared to the same period of  years). The categories with the highly increased export turnover are footware, electronics, wood products, garments, cashew, pepper ...

* Export reaches "two tops"

Although the domestic market is experiencing difficulties in exporting goods, but Dong Nai is less influenced on this. The provincial export reaches "two tops" in comparison with the same period of the previous years: It was the first time that the province had the highest export turnover and trade surplus (almost equal to that of  2014).

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Mr. Bang Jin Woo, General Director of  Changshin Vietnam Company Limited (Thanh Phu Industrial Zone, Thanh Phu Commune, Vinh Cuu District) said: “The company's footwear productsare mostly exported to many countries, but major markets are the United States and Europe. In the first 6 months of the year, the company exported nearly 200 million USD, increasing 30% compared to the same period of last year.” The company is expecting the Trans-Pacific Strategic Economic Partnership Agreement (TTP) and Vietnam - EU Free Trade Agreements (FTAs) by continuing to invest and expand its production for export. Estimated to June, 2016, the company will improve its capacity to 650 thousand pairs of shoes/ week, increase 100 thousand pairs of shoes/ week.

Mr. Bui The Kich, General Director of Dong Nai Garment Joint Stock Corporation, said: " Garment exportmarket in the early months of the year also met difficulties because the euro declined,many countries of the EuropeanUnion decreased imports, people cut down their spending. But the Japanese and Koreanmarketsare quite good.So, the company's export grewrelatively".

Many enterprises with goodsexported to the European markets are facing with multiple disadvantages because the euro has declined, but the prize of these goods couldn’t increase. However, thanks to many export markets, the enterprises have increased the volume of goods and export turnovers.

* More opportunities

In the third quarter of this year, Vietnam - EU FTA and TPP will possibly be signed. This is one of the agreements that many enterprises in Dong Nai as well as those in the countryhave expected most, because the United States is Vietnam’s largest export market. In Dong Nai, the United States is the largest export market with the turnover of about 30% of the total export turnover. And Europe is the 2nd largest export market of the province. Many enterprises, especially ones with foreign investment capital have prepared to accelerate in two markets as the agreement is signed. Besides, Dong Nai’s enterprises pay a lot of concern to the market expansion in countries with which Vietnam signed the FTA, such as Korea, Japan, Chile ...

Ms. Hoang Minh Thao, Officer of Import and Export Division – Great Veca (VN) Co., Ltd in Bien Hoa 1 Industrial Zone, said: "The company specializes in producing wooden furniture for export. Recently exported goods to South Korea, Japan have been decreased tax. So, the company has increased exports to these two markets. In particular, exports to South Korea has much increased since the FTA was signed, the provisions of products are not as strict as before ". Every month,Great Veca (VN) Co., Ltd exports about 150 containers of goods to South Korea and Japan.

"Since the beginning of the year, the company monthly exports about 120 containers of machinery to the markets of  the United States, Canada, Italy, Japan, which is  worth of more than 5 million USD, increasing  20% compared to the same period last year. Right now, the company is receiving many orders, the export ability in the final months of the year will continue to increase, "- said by Mr. Nguyen Tuan Anh, Deputy Head ofImport and Export Division Vietnam Precision Industrial Joint Stock Company (VPIC) in Ho Nai Industrial Zone (Trang Bom District). According to the Department of Trade and Industry, many enterprises in the province have received orders to produce until the end of this year. So, Dong Nai’s exports this year is estimated to exceed 14 billion USD. Some corporations producing footwear, garment, computers, electronics, handbags, wallets, suitcases ... have transferred large orders in Vietnam, including Dong Nai to produce.

 

Huong Giang


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