US leading trade partner of Dong Nai

Tuesday, Jan 12, 2016 08:08

Sewers make garment for export in Dong Nai Garment Joint Stock Company. — VNA/VNS Photo Van Khanh

DONG NAI (Biz Hub) — The United States was the leading trade partner of southern Dong Nai Province in 2015, Deputy Director of the provincial Industry and Trade Duong Minh Dung said.

Last year, the province exported more than US$4 billion worth of goods to the US while its imports from the country hit $1 billion. That had resulted in a significant trade surplus of $3 billion, Dung said.

During the reviewed period, Dong Nai's trade turnover with Japan and six ASEAN countries including Indonesia, Thailand, Cambodia, and the Philippines, apart from Singapore and Malaysia, reached approximately $1.9 billion and over $2.1 billion, respectively, making them become the region's two other major trade partners, besides the US.

Dung told that the global economy's recovery would further facilitate Dong Nai's exports, which was expected to grow by 10 per cent this year. However, he forecast that the province trade surplus might not increase as many foreign-invested projects here were yet to be operational.

Director of the Bien Hoa City-located Ho Nai Limited Co Nguyen Van Quy said the turnover from exporting furniture to the US made up more than 90 per cent of his company's revenue in 2015. He added that his company was inviting some other enterprises in the province to co-ordinate and fulfil large orders from the US' partners in the future.

Meanwhile, Vietnamese Commercial Counsellor in the US Dao Tran Nhan said the Trans-Pacific Partnership (TPP), which would be inked in the future, would create great opportunities for businesses in this southern province to expand their exports to not only the US but also other TPP nations. — VNS

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