A factory of the Green Energy Technology Vietnam Co. Ltd in Tien Du district of Bac Ninh province (Photo: VNA) Hanoi (VNA) - Bac Ninh province, a major investment magnet and industrial hub in the north of Vietnam, earned 26.13 billion USD from exports in the first nine months of 2020, up 6.8 percent year-on-year.
Exports by FDI firms made up 99 percent of the total and rose 6.4 percent, while those by private businesses surged 2.3-fold, according to the province’s Statistics Office.
Key exports posting high growth year-on-year included plastic products (53.5 percent), textile-garment materials (35.7 percent), and computers and components (80 percent).
Main export destinations were East Asia (32.1 percent of the total value), the US (13.6 percent), Western Europe (4.3 percent), and Eastern Europe (4.2 percent).
Meanwhile, Bac Ninh imported some 22.64 billion USD worth of goods during the period, an increase of 9.1 percent year-on-year. Imports by the FDI sector rose 8.2 percent and by private enterprises 75.4 percent.
Textile-garment materials, electronic components, and paper were among the major items purchased from abroad to serve local production, data shows.
The Statistics Office attributed the high import growth to the Republic of Korea’s Samsung SEV and Samsung SDV boosting the importation of components and materials to produce the new Samsung Galaxy Note 20, R180 Galaxy Buds, and accessories./.
VNA
