The southern province of Dong Nai earned nearly 11 billion USD from exports this year, up 9.4 percent over 2012, fulfilling only 92 percent of its yearly target.
The southern province of Dong Nai earned nearly 11 billion USD from exports this year, up 9.4 percent over 2012, fulfilling only 92 percent of its yearly target.
According to the provincial Department of Industry and Trade, the target failure was caused by the impacts of the gloomy economy and fierce competition from other countries, forcing businesses to revise their plans and strategies.
Some enterprises had to switch over to the domestic market, while export markets contracted and the price of some agricultural products dropped sharply, the department added.
In December alone, the province’s export revenue was 929.4 billion USD, increasing 1.5 percent over the previous month and 17.5 percent over the same period last year.
The state-owned sector contributed 76.2 million USD to the total, a 3.4 percent rise year on year, while locally-run enterprises earned more than 1.17 billion USD, up 4.2 percent over the same period in 2012.
Particularly, foreign-invested businesses recorded the highest revenue in exports at over 9.636 billion USD, up 10.2 percent year on year but equivalent to only 93 percent of the set target.
The US, Japan, China and European countries were the major markets of Dong Nai, consuming the locality’s key products of garments and textiles, footwear, computers, electronic accessories, wood and wooden products, coffee, rubber and cashew nuts.
In 2014, Dong Nai will strive to reach 9-10 percent in export growth compared to 2013.
(Source:VNA)
