According to the Nam Dinh Statistics Office, the province recorded a trade surplus of nearly 900 million USD in the first nine months of 2024, attributed to increased export orders and stable production.
The Nam Dinh Statistics Office also reported that the total import-export turnover for the first nine months of 2024 was estimated at 3.455 billion USD, up 19.0% compared to the same period in 2023. Of this, exports increased by 16.8%, while imports rose by 22.8%. The trade balance for the period showed a surplus of 893 million USD.
Specifically, the total export value for the first nine months reached 2.174 billion USD, a 16.8% increase compared to the same period in 2023. The breakdown by sector includes 22 million USD from the state sector, down 31.7%; 613 million USD from the non-state sector, up 23.3%; and 1.539 billion USD from the foreign-invested sector, up 15.6%.
“Exports from the province primarily consist of garments, footwear, and forestry products, accounting for 92.0% of total export value,” stated the Nam Dinh Statistics Office report.
Regarding imports, the province's total import value for the first nine months reached 1.281 billion USD, up 22.8% compared to the same period in 2023. The state sector imported goods worth 18 million USD, down 29.2%; the non-state sector imported 308 million USD, up 14.1%; and the foreign-invested sector imported 955 million USD, up 27.6%. Major import items include raw materials for textiles and garments, leather goods, cotton, and textile fibers, which make up 83.4% of the total import value.
Nam Dinh’s monthly increasing trade surplus has been attributed to the early operation of foreign-invested projects in the province, which have boosted local exports.
As of September 25, 2024, the province has granted new investment registration certificates and adjusted capital increases for 57 projects (including 28 domestic and 29 foreign-invested projects), with a total registered capital of 7.0917 trillion VND and 228.9 million USD.
Notable projects include the issuance of an investment registration certificate for the GDT Paper Joint Stock Company's high-tech packaging paper factory, using recycled paper and pulp, with a total investment of 2.560 trillion VND (equivalent to over 100 million USD) in the expanded Bao Minh Industrial Park. Another significant project is the XIELONG Vietnam Garment Factory, with a total investment of 40 million USD in the Rang Dong Textile Industrial Park.
