Binh Duong achieves over 2.5-billion-USD trade surplus

Illustrative image (Source: VNA)

The southern province of Binh Duong recorded a trade surplus of 2.5 billion USD in the first nine months of this year.

The provincial export turnover jumped 17.6 percent from the same period last year to hit 14 billion USD with key exports seeing stellar growth, including garments (11.2 percent), footwear (15.7 percent), wooden furniture (12.6 percent), telephones and spare parts (14.8 percent) and electronic products (15.8 percent).

The results were attributed to stable import materials and export product prices, spurring competitiveness for local commodities in traditional markets such as the US, the EU, Japan and ASEAN countries.

Many large enterprises in the locality have signed contracts for export through the end of the first quarter in 2016 with orders surging 15 percent.

The province’s imports in the first nine months were estimated at nearly 11.5 billion USD, an annual increase of 17.5 percent.

Of the total, the foreign-investment sector accounted for 78.9 percent, importing mainly machines and equipment, fabric and footwear materials.-VNA