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Dong Nai promotes import-export capacity

​Along with industrial production, Dong Nai has always been in the top of the country's import-export value for many years. The province's goods exported around the world with many high-value export items.​

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Processing and manufacturing industry is strong export product of Dong Nai

Keeping the top position in export

 Looking back at the timeline since the renovation until now, foreign trade growth of Dong Nai has grown tremendously. According to the Dong Nai Department of Industry and Trade, before the renovation, there was almost no export activity, mainly the exchange of goods. By 1990, the export turnover reached nearly 29 million USD, the main export products of this period were still agricultural products.

 Increasing about 107 times in 2005, reached 3.1 billion USD compared to 1990. In the period of 2006 -2015, with the international economic integration taking place more and more deeply for the Vietnamese economy that opened up many positive directions for Dong Nai in accessing and attracting resources from outside. Export in Dong Nai reached a turnover of 14.5 billion USD in 2015, ranking fourth in the country only after: Ho Chi Minh City, Binh Duong, Thai Nguyen and Bac Ninh.

 In 2022, despite many difficulties due to the impact of the epidemic and the global economic recession, Dong Nai still exported more than 24.5 billion USD. The trade balance in 2022 in the province reached a trade surplus of more than 5.6 billion USD, an average trade surplus of about 472 million USD per month, for many consecutive years, the province's trade surplus has always been at the top of the country.

 Dong Nai currently trades with over 170 countries and territories. In which, there are a number of commodity groups with a large export surplus, such as footwear, textiles, wood products, textile fibers, coffee, etc. Having the above result is because 15 years ago, the province gave priority to inviting enterprises with domestic investment capital and foreign direct investment capital (FDI) in the field of supporting industry for the main production industries. Annually, the number of investment project in the supporting industry sector in the province accounts for more than 40% of newly attracted projects.

 Restructuring products to suit new trends

 In the context of changing world consumption trends after the Covid-19 pandemic and mandatory requirements for modern development, Dong Nai is calculating to restructure export commodity groups. The province has just issued a plan on the action program to implement the import-export strategy until 2030 in the province.

 Accordingly, the province aims to achieve an average export growth rate of 6-7% per year during the period of 2021-2030. In which, in the period of 2021-2025, the average export growth will be 8-9% per year, in the years from 2026 to 2030, the average growth will be 4-5% per year.

 In order to harmonize and promote competitive advantages in the field of export, Dong Nai aims to maintain the proportion of export processing and manufacturing products reaching 88% of the province's total export turnover by 2025 and increase to 90% by 2030. Besides the processing and manufacturing industry, in the coming years, Dong Nai will focus on promoting the export of other groups of products, including agro-forestry products (coffee, cashew nuts, rubber, pepper, fruits) and specialty products of craft villages, one product per commune (OCOP) model.

 According to Vice Chairwoman of the Provincial People's Committee Nguyen Thi Hoang, besides the traditional market, Dong Nai would actively support businesses to find more orders and new partners to diversify their markets. In the current period, local businesses really wish the Government and ministries to expand the loan policy for production, and at the same time, reasonably reduce administrative procedures so that businesses can access raw materials as quickly as possible to serve for production, business and export.​

Author: Nam Vu

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