Business

Binh Duong enjoys seven-month trade surplus of 5 billion USD

The southern province of Binh Duong maintained a trade surplus in the first seven months of this year, surpassing 5 billion USD, according to the municipal People’s Committee.
Binh Duong enjoys seven-month trade surplus of 5 billion USD ảnh 1Illustrative image (Photo: VNA)
Binh Duong (VNA) – The southern province of Binh Duong maintained atrade surplus in the first seven months of this year, surpassing 5 billion USD,according to the municipal People’s Committee.

In the period, the locality’s export turnoverreached 17.8 billion USD, down 16.5% year-on-year, while its imports werevalued at 12.7 billion USD, down 13.8% year-on-year.

The index of industrial production (IIP) rose by 3% againstthe same period last year, while the revenue from trade and services reached174.8 trillion VND (7.36 billion USD), up 12.4% year-on-year.

Chief of the Office of the provincial People's Committee Vo AnhTuan said that in the January-July period, agricultural production was stabilised,goods supply met locals’ needs, the consumer price index was put under control.

Total social development investment increased by 10.3%year-on-year. Disbursement rate of public investment was similar to that of thesame period last year, but disbursed capital was 2.5 times higher.

In order to achieve the set economic development targets,Binh Duong province has directed departments, agencies and sectors to continue workingdirectly with each association, enterprise, and project to promptly removedifficulties and shortcomings; seek more measures to stimulate consumptiondemand; focus on regulating and ensuring stable power sources for productionand daily life; and speed up the expansion of industrial parks and invest innew industrial clusters as planned./.
VNA
#Binh Duong #trade surplus #index of industrial production #Vietnam #Vietnamplus #Vietnam News Agency Binh Duong
Follow VietnamPlus

Related News

Taiwanese company to pour 250 million USD to expand project in Binh Duong

Taiwanese company to pour 250 million USD to expand project in Binh Duong

Polytex Far Eastern (Vietnam) Co. Ltd, a Taiwan-invested company in the southern province of Binh Duong, will increase its investment by 250 million USD in the third quarter of this year to expand its production line of super-strong fiber products used to make seat belts, airbags, and tire inner liners.

See more

Geely Auto launches three competitively priced versions, Standard, Premium, and Flagship. (Photo: VNA)

Chinese auto giant stakes its claim in Vietnamese market

Geely clearly demonstrated its green and sustainable direction with the all-electric Geely EX5, which stands out with its powerful 218-horsepower electric motor, 320 Nm of torque, and a 60.2 kWh battery capacity allowing the vehicle to travel up to 430 kilometres on a full charge.

Workers process agricultural products for export. (Photo: VNA)

Vietnam's small business growth soars to a four-year high

The survey findings released in Ho Chi Minh City on March 21 show that the growth momentum is expected to accelerate in 2025, with 92% of small businesses expecting to grow, the highest projection among 11 markets surveyed.

At the meeting between French Minister of Transport Philippe Tabarot and Vietnamese Minister of Construction Tran Hong Minh in Hanoi on March 21. (Photo: VNA)

French businesses show strong interest in Vietnam’s high-speed railway project: Minister

Minh also mentioned Vietnam’s ongoing construction of Long Thanh International Airport, which will have a total capacity of 100 million passengers per year upon completion. The airport is expected to become Vietnam’s largest and serve as an international gateway, offering new opportunities for global aviation businesses, including those from France, to expand their connections in Vietnam and ASEAN, he said.

The ground-breaking ceremony for the Hon La International Port on March 21 (Photo: VNA)

Quang Binh breaks ground on 90-million-USD international port

The port features comprehensive planning with modern warehouses, logistics areas, and technical facilities. Its strategic location in the sheltered Hon La bay, protected by Hon Co and Hon La islands, provides ideal natural depth for large vessels.

SMEs face many difficulties in accessing capital. (Photo: baokiemtoan.vn)

SMEs need support policies: insiders

With nearly one million businesses and around five million business households, the private sector contributes approximately 51% of the country's Gross Domestic Product (GDP) and over 30% to the State budget. However, most small and medium-sized enterprises (SMEs) face significant barriers in scaling up and enhancing their competitiveness.

Quang Ninh plans to develop four new industrial parks (Photo: VNA)

Quang Ninh to develop four new industrial parks

To attract investment for infrastructure development in these zones, the Quang Ninh provincial People's Committee is focusing on reviewing available land and making a list of projects to attract investors for technical infrastructure construction.

A Vietjet executive performs the ribbon-cutting ceremony for the Ho Chi Minh City - Bengaluru route launch. (Photo: baodautu.vn)

Vietnam’s leading airlines to open new routes to India

Vietnam's national flag carrier Vietnam Airlines plans to launch direct flights from Hanoi to Bengaluru and Hyderabad starting in May, while private carrier Vietjet has already commenced services connecting Ho Chi Minh City to these two major Indian hubs on March 18.