Binh Duong’s export earnings reach 24.3 billion USD

Illustrative image (Source: VNA)

 Binh Duong (VNA) – The southern province of Binh Duong earned more than 24.3 billion USD from exports in 2016, up 16.4 percent from the previous year and making up 99.3 percent of the annual target.

According to the provincial Department of Industry and Commerce, domestic enterprises brought home 4.4 billion USD (up 11.2 percent) from exports, while foreign-invested firms 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, have maintained their export growth, while rubber latex has bounced back in the last months of this year.

Nine out of 23 product groups have enjoyed rises of 10 percent upwards in export turnover. Meanwhile, export earnings of coffee and agricultural products, which dropped in 2015, have increased by 7 percent this year.

Binh Duong has successfully 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 expects to record a year-on-year growth rate of 15.7 percent in its export value by increasing trade promotions, expanding markets and offering incentives to businesses while diversifying export goods.-VNA