The southern province of Binh Duong is expected to gain a trade surplus of 4 billion USD by the end of 2014, according to the provincial People’s committee.

This year, provincial export turnover is predicted to hit 17.741 billion USD, up by 17.5 percent compared to last year, with the foreign-invested sector making up 82 percent of the total export value. Exports of footwear, textiles, garments, and wood products are forecast to reach more than a billion USD.

Meanwhile, Binh Duong’s imports are estimated at 13.732 billion USD, a year-on-year increase of 17.7 percent, of which the foreign-invested sector accounts for 78 percent. The locality’s biggest imports are raw material, machinery and equipment.

Vo Van Cu, Director of the municipal Department of Industry and Trade said the export market is stable and continues to grow, especially in target markets, such as the ASEAN region, the US and the EU. The trade surplus could still exceed estimations, added Cu.

Binh Duong, together with Dong Nai, Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc, Long An and Tien Giang provinces and Ho Chi Minh City, form Vietnam’s southern key economic region.-VNA