The southern province of Dong Nai exported over 2.1 billion USD worth of footwear in January-October, posting the highest year-on-year increase of 17 percent.
The southern province of Dong Nai exported over 2.1 billion USD worth of footwear in January-October, posting the highest year-on-year increase of 17 percent.
Dong Nai is one of the three biggest footwear exporters of Vietnam with Europe and the US as key markets, according to Deputy Head of the provincial statistics department Tran Xuan Ha.
He noted that a number of big orders from overseas are flowing into the province, which is hoped to help the footwear sector surpass its target of 2.5 billion USD set for this year.
In addition to footwear, wood-timber products and garment-textiles also grossed over 1 billion USD in export turnover, which is forecast to surge in the remaining months.
Key importers of the three staples are the US, Europe and the Republic of Korea.
According to the provincial Department of Industry and Trade, in the first 10 months of this year, Dong Nai’s export turnover is estimated at over 12 billion USD, up 10.6 percent over the same period last year.
The province imported 11.06 billion USD worth of goods, a year-on-year rise of 6.3 percent. It mainly purchased machines, equipment and spare parts together with apparel and footwear materials.
Local export revenue is expected to reach over 14.4 billion USD in 2015, up 15 percent against the previous year and nearly doubling that of 2010.
To realise the target, the department will continue to improve administrative formalities and increase business competitiveness.
The province will actively engage in cooperation and connectivity programmes with cities and prꦛovinces in different regions to create abundant opportunities for export while endorsing trade and♐ investment promotion activities.-VNA
The retail sector of the southeast province of Dong Nai has grown at an increasingly rapid pace in the past five years, fuelled by the availability and convenience of shopping facilities.
Prime Minister Nguyen Tan Dung urged the southern province of Dong Nai to act on its potential, advantages and achievements to serve rapid and sustainable development.
The supporting industry makes up approximately 80 percent of newly-licensed FDI projects in southern Dong Nai province, said the provincial Department of Planning and Investment.
Foreign direct investment (FDI) into southern Dong Nai province has hit 2.15 billion USD as by mid-October, exceeding expectations and this year’s target of 900 million USD.
A seminar promoting Vietnam’s exports to the US, Japan, China and the United Arab Emirates (UAE) was held in the southern province of Dong Nai on October 28.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Illustrative photo. (Photo: VNA)
