Dong Nai’s economy shows positive signs in nine months

Dong Nai’s economy showed positive signs in the first nine months of this year. The industrial production value in 2009 is expected to stand at over VND 84 trillion, an increase of over 10 percent against 2008.

In particular, the foreign-invested sector in the province registered an industrial value of over VND 43 trillion in the first nine months of this year, a 9.4% increase compared to the same period last year. Some industries have high growth rates such as textile and garment and footwear up 12.7%; wood processing increase 10.4%; chemicals and rubber 10.2%.

Dong Nais textile and garment industry posts highest growth in first nine months

The province saw a total import-export turnover of over US$9.1 billion in the first nine months of this year, achieving 59 percent of the year’s plan, representing a year-on-year decrease of 16.87%. Of the figure, the export was over US$ 4.4 billion, decreased by 5.9% while US$4.6 billion was import value, down by 25.3%.

Additionally, capital mobilization in Dong Nai in nine months saw positive growth while the banking sector also achieved high growth in lending. Until September 10, commercial banks of the province lured as much as over VND 35 trillion, up 26% over the end of last year. Total loans stood at VND 34.9 trillion at September 10, up 28%. In addition, Dong Nai based commercial banks have lent over VND 12,6 trillion under the Government’s subsidised interest loan programme through the end of August.

Over the past nine months, the province has attracted more than US$700 million in FDI, fulfilling 35 per cent of the year’s target, decreasing 72.8 percent from the corresponding period last year. During the same period, the province attracted US$2.74 billion in domestic investment, an increase of 2.4 times over the same period in 2008, exceeding almost 50 % of the year’s plan.

Reported by V.Lam