Saturday, August 19, 2017 - 7:04:34

Binh Duong reports half-year trade surplus of 1 billion USD

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The southern province of Binh Duong reported a total export turnover of 6 billion USD, a year-on-year increase of 16.3 percent, and a trade surplus of over 1 billion USD for the January-June period.

In particular, the foreign-invested sector accounted for 83.4 percent of the total export turnover, up 18.7 percent from the same period last year.

Director of the provincial Department of Trade and Industry Vo Van Cu attributed the good export performance to more stable foreign exchange and material price, dropping interest rates, and recovering foreign markets such as the US , the EU and Japan .

He noted that the export turnover of labour-intensive sectors such as wood, textiles, leather and footwear showed only slight increases, whilst that of the industrial sector’s products, for example electric and electronic appliances, chemistry sharply increased.

The province’s industrial production value in the period also increased by 11.9 percent year-on-year to reach 63.9 trillion VND (3 billion USD). The foreign-invested sector accounted for 67.1 percent of the total value, up 12.2 percent.-VNA

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