Dong Nai enjoys 2.4 billion USD trade surplus in Jan-Apr
Dong Nai province, a foreign direct investment (FDI) magnet in southern Vietnam, enjoyed a trade surplus of 2.4 billion USD in the first four months of 2024, according to the provincial Statistics Office.
Dong Nai port in Bien Hoa city, southern province of Dong Nai. (Photo: VNA)
Dong Nai (VNA) – Dong Nai province, a foreign direct investment (FDI) magnet in southern Vietnam, enjoyed a trade surplus of 2.4 billion USD in the first four months of 2024, according to the provincial Statistics Office.
In the period, the province’s export turnover reached 7.4 billion USD, while its import revenue hit 5 billion USD, up 11.5% and 1.13% year-on-year, respectively.
The state economic sector's export turnover reached 155 million USD, while that of the non-state economic sector was more than 1.8 billion USD, and the foreign-invested sector nearly 5.5 billion USD, up 5.1%, 10% and 12.2%, respectively.
Main exporters of Dong Nai included the US with an export turnover of 2.1 billion USD, accounting for 29.3% of the total; Japan 751 million USD; China 704 million USD, and the Republic of Korea 435 million USD.
Dong Nai has been in the top 10 localities with the largest export turnover in the country for years. Its export revenue hit 21.6 billion USD in 2023, and is expected to increase by 8% this year. Last year, the province saw a trade surplus of 5.9 bil🐼lion USD./.
The southern province of Dong Nai and the Republic of Korea (RoK)’s Gyeongnam province signed a series of agreements on May 2 to deepen collaboration in labour and human resources training.
Prime Minister Pham Minh Chinh on May 1 signed a dispatch demanding prompt actions to deal with the consequences of a serious workplace accident that happened in a wood factory in southern province of Dong Nai earlier the same day, as well as to support victims.
Six people, including a Chinese national, were confirmed dead in a boiler explosion at a wood factory in the southern province of Dong Nai on May 1, said local police.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.