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Dong Nai sees recovery in exports-imports

Exports and imports in the southern province of Dong Nai have slowly recovered since COVID-19 was largely brought under control.
Dong Nai sees recovery in exports-imports ảnh 1A worker at Dong Nai garment company in Bien Hoa city of Dong Nai province (Photo: baodongnai.com.vn)

Hanoi (VNA) - Exports and imports inthe southern province of Dong N♉ai have slowly recovered since COVID-19 waslargely brought under control.

Many local companies have now resumed operationsafter a period of suspension or reduced capacity due to a scarcity of materialswhen social distancing measures were imposed. Data from the provincial statistics office showedthat the province’s exports hit 1.49 billion USD in May, a month-on-month riseof 11.3 percent. Of note, footwear exports exceeded 450 millionUSD, up 30 percent against April. Garment and wooden products earned 145million USD and 111 million USD, respectively, surging 41 percent and 33percent. Dong Nai also imported goods worth 1.3 billionUSD in the month, up 12.6 percent compared to April. As the province mostly purchased materials andmachinery for the industrial sector, a rise in imports illustrates the sector’srecovery, according to the Dong Nai Department of Industry and Trade. Businesses are likely to bolster production inthe last two quarters of the year to offset losses from COVID-19. As Dong Nai boasts a number of industrial zonesand export markets, it is striving to maintain growth at 8 percent in 2020. Itplans to enhance FDI attraction, exports, and domestic consumption to do so. It has also devised scenarios to flexiblymanage its socio-economic development./.
VNA

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