Business

Binh Duong records strong growth in Q1

The trade surplus in the southern province of Binh Duong reached 591 million USD in the first quarter.
The trade surplus in the southern province of Binh Duong reached 591 million USD in the first quarter.

Exported goods totalled 4.219 billion USD in value, an annualincrease of 15.6 percent. The foreign-invested sector contributed 81.8percent to the sum, up 16 percent from 2014.

Major exports maintained momentum, including woodwork products, apparel, footwear, handicrafts and electronic devices.

Meanwhile, Binh Duong imported 3.628 billion USD worth ofcommodities, a 15.5 percent rise compared to the same period last year.The foreign sector accounted for 79.2 percent of the total import value.

According to the provincial People’s Committee,State initiatives to clear business hurdles took effect in Q1, withenterprises recording strong and stable operations.

Most businesses have already signed goods contracts for the secondquarter, while some larger companies have completed deals for the thirdquarter.

Binh Duong recorded Q1 industrialproduction value of almost 50 trillion VND (235.3 million USD), up 11.2percent year on year.

Binh Duong, together withDong Nai, Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc, Long An, and Tien Giangprovinces, and Ho Chi Minh City, form Vietnam’s southern economicregion.-VNA
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