Dong Nai targets US$12 bil from exports

To fulfill the target, the provincial Industry and Trade Department has developed an action plan focusing on tasks and solutions to assist enterprises clear bad debts and expand markets.

(VOV) – Southern Dong Nai province has set a target to increase exports by 9-10% over last year and earn a total of US$11.8-11.9 billion this year.

Department Director Le Van Danh said that his agency has improved the quality of information related to its market forecast and has updated policies on import-export activities and is providing businesses with better and more comprehensive information pertaining to the Free Trade Agreements (FTA) negotiations between Vietnam and other nations.

In the future, the department plans toorganise a delegation of businesses aimed at penetrating such markets as Cambodia, Germany, Dubai, Ukraine, Russia, Myanmar, the US, ASEAN, India and China.

Last year, Dong Nai raked in over US$10.8 billion from exports, up 9.4% compared to the previous year.

The highest export earnings came from the US (US$3.1 billion), followed by Japan (nearly US$1.2 billion) and China (more than US$1 billion).