Dong Nai keeps a good pace with export growth
According to the report of the Dong Nai Department of Industry and Trade, the key export products of the province such as footwear, textiles, wood products have seen high growth rates in the first 4 months of 2017. For example, the average monthly export turnover for garment and textile enterprises in Dong Nai reached $150 million. Despite facing fierce competition from China, India and some ASEAN countries in exporting the textile and garment products to major markets such as US or Europe, many companies in Binh Duong expand their market to other countries such as Korea and Japan, thus are able to maintain a stable growth.
On the other hand, the export prices of some agricultural products such as cashew nuts, coffee, rubber rose significantly. Specifically, the export price of cashew nuts are at $9,477 per ton; followed by Coffee ($2,209/ton); Rubber ($1,872/ton). The average prices of these 4 products increased by 46.7% as compared to the same period in 2016, which result in an increase in the total export turnover of the province.
To help businesses keep up the export growth momentum, provincial leaders said that they will continue to support enterprises to organize trade promotion programs inside and outside the country in order to help local businesses find new customers and business opportunities. The province will also put great effort in connecting enterprises in domestic supporting industries with manufacturers so that they can supply raw materials and auxiliary materials to reduce dependence on imports and to enjoy tax incentives when exporting to markets which Vietnam have signed FTAs. Measures to improve the investment environment continue to be implemented, especially to accelerate the reform of administrative procedures, with the aim to create the best conditions for enterprises to develop their production and other business activities.
Source: 1
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