Wooden product production in Binh Duong (Photo: VNA)

Binh Duong (VNA) – The southern province of Binh Duong earned over 9.2 billion USD from outbound shipments in the first five months of 2018, up 16.5 percent over the same period of 2017, according to Director of the provincial People’s Committee Nguyen Van Danh.

Danh said that export revenue of the foreign-invested sector reached over 7.4 billion USD, a rise of 18.3 percent, while domestic sector also bagged 1.8 billion USD, an increase of 9.9 percent.

In May alone, the province’s export revenue fetched more than 2 billion USD, a rise of 19.6 percent over the same time last year.

In the first five months of this year, growth was seen in the majority of Binh Duong’s export products such as wooden products garment and footwear. Upturn was also recorded in major export markets such as the US, China, the Republic of Korea, Japan, and Europe.

Danh attributed the results to efforts of local firms in expanding market and improving products’ quality, along with the province’s support to businesses’ operation.

The local authorities have also helped businesses enhance the competitiveness of their products and build trademark.

Alongside, the province has encouraged local enterprises to apply high technology in production and assisted them in capital access and human resources, he said.

This year, Binh Duong aims for a growth of 16.5 percent growth in expert revenue.-VNA