Binh Duong’s exports surge in first quarter
The southern province of Binh Duong, a magnet for both Vietnamese and
foreign investors, earned nearly 3.2 billion USD from its exports in
the first quarter of 2014, up 12.7 percent from the same period last
year.
The southern province of Binh Duong, a magnet for both Vietnamese and
foreign investors, earned nearly 3.2 billion USD from its exports in
the first quarter of 2014, up 12.7 percent from the same period last
year.
According to the provincial Department of Industry and Trade, the foreign-invested economic sector contributed 2.6 billion USD to the total.
In March alone, export turnover is estimated to surpass 1 billion USD, representing a year-on-year increase of 15 percent.
The growth is attributable to the rising demand in the province’s traditional markets such as the US, the European Union, Japan and ASEAN countries.
In the first three months of this year, several of the locality’s key exports recorded significant growth, including garments that saw a year-on-year rise of 28 percent to reach 448 million USD, wood products (388 million USD) and footwear (289 million USD).
Since the beginning of this year, local businesses have expanded their production scale and effectively exploited their markets.
In addition, due to enterprises’ support policies, the number of employees returning to work after the New Year holiday reached 90-95 percent, contributing to stabilising production and maintaining growth.-VNA
According to the provincial Department of Industry and Trade, the foreign-invested economic sector contributed 2.6 billion USD to the total.
In March alone, export turnover is estimated to surpass 1 billion USD, representing a year-on-year increase of 15 percent.
The growth is attributable to the rising demand in the province’s traditional markets such as the US, the European Union, Japan and ASEAN countries.
In the first three months of this year, several of the locality’s key exports recorded significant growth, including garments that saw a year-on-year rise of 28 percent to reach 448 million USD, wood products (388 million USD) and footwear (289 million USD).
Since the beginning of this year, local businesses have expanded their production scale and effectively exploited their markets.
In addition, due to enterprises’ support policies, the number of employees returning to work after the New Year holiday reached 90-95 percent, contributing to stabilising production and maintaining growth.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
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).
