The southern province of Dong Nai is likely to enjoy 16.8 percent rise to over 12.6 billion USD in its 2014 exports, the most impressive figure over the past three years, said a provincial official. The result will allow Dong Nai to secure the fourth position nationwide in terms of exports, said Le Van Danh, Director of the provincial Department of Industry and Trade. The turnover rise was attributed mainly to the shipments of apparel, footwear, wood and wooden products, machineries, equipment and spare parts. It was also resulted from increases in demand from major traditional markets, including a rise of 15.2 percent by the US , 21.8 percent by Japan, and 25 percent by China, noted Danh. A shift in foreign orders to Vietnam and the province in particular, where the tax rate for many products is reducing to zero percent thanks to signed free trade agreements (FTAs), was named as a significant contributing factor. Besides, administrative reforms that … [Read more...] about Dong Nai earns impressive exports in 2014 lúc : Tuesday, December 09, 2014 – 11:38:55
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Bản in : Dong Nai addresses difficulties for enterprises
Dong Nai (VNA) – A meeting to share opportunities and address challenges in business processes was opened in the southern province of Dong Nai on March 10 with the participation of over 300 enterprises. According to the provincial People’s Committee, the locality’s socio-economic indexes have mostly been achieved or surpassed their targets due to efforts by the business community and localities. However, some enterprises reckoned they are dealing with many difficulties such as access to markets, and low export prices of agricultural products. Despite the ASEAN Economic Community having officially formed in late 2015, and Vietnam is signing and carrying out several free trade agreements (FTA), relevant authorities have not properly instructed localities and businesses in how to effectively carry out those agreements. Vice Director of the Central Institute for Economic Management (CIEM) Vo Tri Thanh took note that the world’s economy is changing rapidly, … [Read more...] about Bản in : Dong Nai addresses difficulties for enterprises
Bản in : Dong Nai moves to expand export markets
The southern province of Dong Nai has enjoyed an annual average export growth of 17.2 percent over the last few years, which can be attributed to the catalogue of measures implemented by the locality to support businesses. Businesses have been provided with financial assistance for production and import-export activities, and were offered tax incentives. In addition, local authorities have organised numerous activities to promote trade and investment with the aim of helping enterprises find new markets and expand traditional ones. Thanks to these efforts, local businesses, particularly in the textile and shoe industries, have established stable partnerships and signed long-term order contracts to sell their products abroad. Dong Nai’s products are now available in 140 countries and territories worldwide. The province ranks amongst Vietnam’s top five localities in terms of export, with its turnover so far this year estimated at over 8.1 billion USD, a year-on-year … [Read more...] about Bản in : Dong Nai moves to expand export markets
Bản in : Dong Nai aims to enhance exports
The southern province of Dong Nai plans to earn 14.4 billion USD from exports in 2015, up 15 percent from 2014, according to the provincial Department of Trade and Industry. The department said the objective is within reach thanks to the import demand of firms from France, New Zealand and Hong Kong for Vietnamese products, including clothes, construction materials, sanitary equipment and foodstuffs. Growth is also expected to be buoyed by large orders being shifted to Vietnam thanks to tax and customs incentives from a series of free trade agreements signed and to be signed between Vietnam and other countries. The locality will foster trade promotion activities, organise study tours and fact-finding missions and join domestic and international trade fairs to achieve the target. Administrative reform will also be accelerated to enhance the competitiveness of local firms. The role of industrial associations and connections with other localities will be strengthened to expand the … [Read more...] about Bản in : Dong Nai aims to enhance exports
Dong Nai, highlight in foreign investment attraction Economy
Tuesday, February 02, 2016 - 16:52:39 (VOVworld) – Despite economic difficulties during 2015, Dong Nai remained one of Vietnam’s leading provinces in foreign direct investment attraction, earning 2.4 billion USD, up 250% against the set target. The achievements together with improved infrastructure and administrative procedure reforms have opened a path for Dong Nai to attract more FDI this year. To date, Dong Nai has licensed nearly 1,600 FDI projects, worth a total of nearly 24 billion USD. Last year alone, it had 186 FDI projects, 100 of them new projects totaling nearly 1.8 billion USD. Most of the new investors come from Japan, the Republic of Korea, and Taiwan, mainly operating in advanced and environmentally-friendly technologies and support industries. The achievements are attributed to efforts by the local administration who have held many trade promotion delegations abroad, upgraded the infrastructure in industrial parks, and speeded up administrative procedure … [Read more...] about Dong Nai, highlight in foreign investment attraction Economy