Binh Duong reports half-year trade surplus of 1 billion USD
The southern province of Binh Duong reported a total export
turnover of 6 billion USD, a year-on-year increase of 16.3 percent, and a
trade surplus of over 1 billion USD for the January-June period.
The southern province of Binh Duong reported a total export
turnover of 6 billion USD, a year-on-year increase of 16.3 percent, and a
trade surplus of over 1 billion USD for the January-June period.
In particular, the foreign-invested sector accounted for 83.4 percent of the total export turnover, up 18.7 percent from the same period last year.
Director of the provincial Department of Trade and Industry Vo Van Cu attributed the good export performance to more stable foreign exchange and material price, dropping interest rates, and recovering foreign markets such as the US , the EU and Japan .
He noted that the export turnover of labour-intensive sectors such as wood, textiles, leather and footwear showed only slight increases, whilst that of the industrial sector’s products, for example electric and electronic appliances, chemistry sharply increased.
The province’s industrial production value in the period also increased by 11.9 percent year-on-year to reach 63.9 trillion VND (3 billion USD). The foreign-invested sector accounted for 67.1 percent of the total value, up 12.2 percent.-VNA
In particular, the foreign-invested sector accounted for 83.4 percent of the total export turnover, up 18.7 percent from the same period last year.
Director of the provincial Department of Trade and Industry Vo Van Cu attributed the good export performance to more stable foreign exchange and material price, dropping interest rates, and recovering foreign markets such as the US , the EU and Japan .
He noted that the export turnover of labour-intensive sectors such as wood, textiles, leather and footwear showed only slight increases, whilst that of the industrial sector’s products, for example electric and electronic appliances, chemistry sharply increased.
The province’s industrial production value in the period also increased by 11.9 percent year-on-year to reach 63.9 trillion VND (3 billion USD). The foreign-invested sector accounted for 67.1 percent of the total value, up 12.2 percent.-VNA
You should also see
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
