Dong Nai province's exports up 70.6 percent in March
The southern province of Dong Nai earned 1.76 billion USD from exports in March, up 70.6 percent from the previous month, the provincial Department of Industry and Trade reported.
Illustrative image (Source: VNA)
The province’s key foreign currency earners were footwear, garments and textiles, machinery and equipment. Of which, footwear brought home 363 million USD during the period, up 50 percent month-on-month.
Major footwear export markets included the US with 136 million USD, up 5.4 percent; China 57 million USD, up 48 percent; and Belgium 41.7 million USD, up nearly 38 percent. Others such as Germany, the UK, the Netherlands, and Japan also saw growth.
During the first quarter, Dong Nai province’s footwear exports neared 1 billion USD.
Meanwhile, garment and textile shipments reached 207 million USD in March, up 139 percent from February, mostly to the US, Japan, China, the Republic of Korea, France, and the Netherlands.
Exports of machinery, equipment, and spare parts surged by 83.6 percent against the previous month to nearly 146 million USD. Fibre exports raked in 145.4 million USD, up 40 percent. Wooden furniture, coffee, rubber, and cashew nuts also brought higher revenues.
According to the department, the US remained the largest importer of Dong Nai products with a turnover of roughly 543 million USD in March, followed by Japan with 209 million USD and China 192 million USD.
The Vietnam National Textile and Garment Group said the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will give Vietnamese garment and textile products an edge, particularly in Canada with a value of nearly 20 billion USD and Australia at about 40 billion USD.
Once the EU-Vietnam Free Trade Agreement (EVFTA) takes effect, the Vietnamese garment sector is likely to achieve its goal of earning 40 billion USD from exports this year.
