Binh Duong posts 3.4 bln USD in trade surplus

Binh Duong (VNA) – The southern province of Binh Duong ran a trade surplus of more than 3.4 billion USD in the past nine months, a record level for the period in recent years, Director of the provincial Department of Industry and Trade Vo Van Cu said.

During the period, Binh Duong shipped abroad more than 16.3 billion USD worth of goods, up 16.2 percent annually, or 12.7 percent of the country’s total exports.

Of the figure, over 3.12 billion USD was contributed by domestic firms, up 10.5 percent while the remaining was from the foreign-invested sector, marking a 17.6 percent increase.

Of 23 key export items, wooden furniture, apparel, footwear, phones and spare parts each earned more than 1 billion USD.

Huynh Quang Thanh, Chairman of the provincial Wood Processing Association, said the total wood export has so far hit 2.7 billion USD, a 10 percent rise year-on-year and making up nearly 20 percent of the province’s total.

BInh Duong is currently home to 500 wood processors and exporters, 70 percent of them are domestic ones, 5 percent are State-owned enterprises and the remaining are foreign-invested.

In January-September, the province spent more than 12.8 billion USD on imports, up 16.1 percent annually and equivalent to 10.2 percent of the country’s total.-VNA