Binh Phuoc posts nearly 700 million USD in H1 trade surplus

The factory of the Far Eastern New Apparel Vietnam Co. Ltd in Bac Dong Phu Industrial Park of Binh Phuoc province (Photo: VNA)

Binh Phuoc (VNA) – Binh Phuoc, a province inthe southern key economic region, recorded a trade surplus of nearly 700million USD in first half of 2022, according to the provincial People’sCommittee.

The administration said thanks to proactive moves toensure material supply for manufacturing and diversify export markets, localbusinesses have maintained the strong recovery trend and enjoyed good exportsgrowth.

They exported over 1.95 billion USD worth of goods inH1, rising 23.26% from a year earlier and equivalent to 50.74% of this year’starget. Meanwhile, the import turnover stood at 1.26 billion USD.

The People’s Committee noted though there remaindifficulties in export markets and goods flows, thanks to the experience gainedduring the long social distancing period in 2021, businesses have graduallyensured material supply and kept supply chains uninterrupted, thus fulfillingexport orders.

Meanwhile, the index of industrial productionincreased 22% year on year in the six months, helping Binh Phuoc achieve agrowth rate of 6.91% to rank second the southeastern region and 35th in Vietnam.

In particular, the processing - manufacturing industryexpanded by 23.4% and electricity production and distribution 28.5%, statisticsshowed./.

VNA