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Binh Duong runs trade surplus of over 4.5 billion USD in eight months

The southern province of Binh Duong recorded a trade surplus of over 4.5 billion USD in the first eight months of 2019, according to Director of the provincial Department of Industry and Trade Nguyen Van Danh.
Binh Duong runs trade surplus of over 4.5 billion USD in eight months
Binh Duong runs trade surplus of over 4.5 billion USD in eight months ảnh 1Illustrative image (Source: VNA)

Binh Duong (VNA) – The southernprovince of Binh Duong recorded a trade surplus of over 4.5 billion USD in thefirst eight months of 2019, according to Director of the provincial Departmentof Industry and Trade Nguyen Van Danh.

The signing of the EU-Vietnam Free TradeAgreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) isexpected to open up numerous export opportunities for businesses, he said.

He noted that the province’s export turnoverexceeded 17.5 billion USD in January-August, a year-on-year rise of 13 percent.Of the value, the foreign economic sector contributed over 14.3 billion USD (up14.7 percent) and the remainder by the domestic one (up 6.5 percent).

Among the local key export commodities, thetimber and goods sectors took the lead with the export turnover of over 2billion USD, a yearly rise of 15 percent.

In the eight-month period, the province imported12.9 billion USD worth of goods, up 7.1 percent, mainly phones and spare parts;computers, electronic products and components; garment-textile material andfootwear; wood and timber products; and chemical products.

In 2019, Binh Duong strives to record a year-on-yearexport growth of 15.5 percent.-VNA

VNA
#trade surplus #eight months #Director of the provincial Department of Industry and Trade Nguyen Van Danh #EU-Vietnam Free Trade Agreement (EVFTA) #EU-Vietnam Investment Protection Agreement (EVIPA) #key export commodities #Vietnamplus #Vietnam News Agency Binh Duong
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