Illustrative image (Source: VNA) Binh Duong(VNA) – The southern province of Binh Duong earned more than 24.3 billion USDfrom exports in 2016, up 16.4 percent from the previous year and making up 99.3percent of the annual target.
According to theprovincial Department of Industry and Commerce, domestic enterprises broughthome 4.4 billion USD (up 11.2 percent) from exports, while foreign-investedfirms raked in over 19.9 billion USD (up 17.6 percent).
The province’s staples,such as wooden products, textiles and garments, leather and footwear, havemaintained their export growth, while rubber latex has bounced back in the lastmonths of this year.
Nine out of 23 productgroups have enjoyed rises of 10 percent upwards in export turnover. Meanwhile,export earnings of coffee and agricultural products, which dropped in 2015, haveincreased by 7 percent this year.
Binh Duong hassuccessfully maintained its traditional export markets such as the US, the UK,Japan and ASEAN, with export orders going up by 5 – 10 percent as compared to 2015.
In 2017, Binh Duong expectsto record a year-on-year growth rate of 15.7 percent in its export value byincreasing trade promotions, expanding markets and offering incentives to businesseswhile diversifying export goods.-VNA
