Industrial production in Đồng Nai Province has been expanding throughout the first eight months of 2024. — Photo baoxaydung.com.vn

Đồng Nai, one of the localities in the southern key economic zone, achieved a trade surplus of US$4.2 billion in the first eight months of 2024 thanks to a global economic recovery and production growth.

According to the Đồng Nai Statistics Office, in the first eight months of 2024, the province’s exports reached $15.5 billion, an increase of 8.6 per cent compared to the same period in 2023.

Meanwhile, imports reached $11.3 billion, an increase of 8.7 per cent.

The rise in imports and exports was driven by the recovery of global demand and an increase in business orders.

Major trading partners like the US, Europe, and China placed more orders, and the prices of key exports such as cashews, coffee, and pepper also rose.

In the last months of 2024, Đồng Nai plans to keep supporting businesses by removing obstacles, providing access to credit, and expanding export markets. The province will also take full advantage of Việt Nam’s free trade agreements with other markets.

Đồng Nai’s industrial production index increased by 7.4 per cent in the first eight months of 2024 compared to the same period last year, which is a notable improvement from 4 per cent growth in 2023.

Significant growth was seen in key industries, including processing and manufacturing (7.7 per cent), water supply and waste management (8.5 per cent), rubber and plastic products (10.7 per cent), electrical equipment production (10 per cent), and transportation vehicles (10.2 per cent).

This growth was also largely due to the recovery of the global economy, which boosted demand for goods, especially in the processing and manufacturing sectors. — VNS