A worker at Dong Nai garment company in Bien Hoa city of Dong Nai province (Photo: baodongnai.com.vn)
Hanoi (VNA) - Exports and import🐟s inthe southern province of Dong Nai 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./.
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The People’s Committee of the southern province of Dong Nai has petitioned Prime Minister Nguyen Xuan Phuc to approve the widening of the Ho Chi Minh-Long Thanh-Dau Giay Expressway to 10-12 lanes from four lanes.
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Organised by the Vietnamese Embassy and Trade Office, Vietnam's national booth showcases catalogues and product samples from over 30 Vietnamese companies, spanning key sectors such as agriculture, seafood, food and beverages, footwear, textiles, furniture, plastics, construction materials, and industrial machinery.
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It featured four discussions on key issues such as the Vietnam- Switzerland comprehensive partnership, Vietnam’s international financial centre, digital transformation and innovation, and global human resources and expansion of markets.
With rising protectionist policies for the steel industry, and the US imposing tariffs on steel exports, the sector has entered a challenging period. In response, many industry giants are returning to the domestic market.
As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
A worker at Dong Nai garment company in Bien Hoa city of Dong Nai province (Photo: baodongnai.com.vn) 
