Illustrative image (Source: VNA) Binh Duong (VNA) – The southern province of Binh Duong enjoyed a trade surplus of nearly 1.8 billion USD in the first quarter of this year, said Nguyen Van Danh, Director of the provincial Department of Industry and Trade.
Danh said that in the period, Binh Duong earned more than 6.1 billion USD from exports, up 13.4 percent year on year, with the foreign-invested sector contributing 4.9 billion USD, 79.8 percent of the total earnings.
Major currency earners included timber with 772.2 million USD, garment and textiles, about 653.5 million USD and footwear, 700.6 million USD.
According to the department, local firms will see an increase in the number of orders for major products in the second quarter of 2019.
The major markets for Binh Duong were the US, the EU, Japan and the Republic of Korea.
Danh said that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which became effective on January 14, 2019, has helped increase orders for exporters in Binh Duong.
Statistics from the department showed that in the first quarter, the province attracted 461.1 million USD of foreign direct investment, including 310.6 million USD poured in new projects and 153.5 million USD injected into underway ones.
So far, the province has lured 3,571 foreign-invested projects with total registered capital of 32.2 billion USD, ranking third after Ho Chi Minh City and Hanoi.-VNA
VNA
