Binh Phuoc reports nine-month trade surplus of nearly 1 billion USD

The southern province of Binh Phuoc enjoyed a trade surplus of nearly 1 billion USD in the first nine months of this year thanks to the recovery of export orders, reported the provincial Statistics Office.
 Binh Phuoc reports nine-month trade surplus of nearly 1 billion USD ảnh 1Binh Phuoc enjoys a trade surplus of nearly 1 billion USD in the first nine months of this year. (Photo: VNA)
Binh Phuoc (VNA) – The southern province of BinhPhuoc enjoyed a trade surplus of nearly 1 billion USD in the first nine monthsof this year thanks to the recovery of export orders, reported the provincialStatistics Office.

According to the office, in the January-September period,the province exported nearly 2.95 billion USD worth of products, up 4.6% yearon year, and completing 71% of the target for the whole year. Meanwhile, its imports were 2 billion USD, a rise of 34.9% over the same period last year.

In September alone, Binh Phuoc’s export revenue reached 409million USD, while exports were 290 million USD.

A survey by the office, an increase was seen in the numberof new export orders that local businesses received in the third quarter of2023 compared to the second quarter.

According to the survey, 41.1% of businesses reported a risein order numbers, while 14.7% said that they suffered a decrease and 44.1% ofbusinesses showed unchanged numbers compared to the previous quarter.

In the fourth quarter, 37.8% expected a rise in exportorders, while 8.1% predicted a decline, and 38.3% held that the order numbers will remain stable./.
VNA

See more

Production at a small enterprise in Thanh Hoa province. Linkages will help small and medium sized enterprises diversify markets. (Photo: VNA)

Local businesses should strengthen links to overcome global challenges: Experts

Tran Thi Hong Minh, Director of the Institute for Policy and Strategy Studies under the Party Central Committee’s Commission for Policies and Strategies, said: "In a world of rapid and complex changes, linkages help businesses diversify markets, connect with new models and better use resources. They are also critical in mitigating risks and enhancing overall competitiveness.”

Nestlé Vietnam announces investment expansion in Vietnam operations (Photo: thanhnien.vn)

Nestlé announces investment expansion in Vietnam operations

Since 2011, Nestlé’s NESCAFÉ Plan has supported over 21,000 coffee farming households in adopting internationally recognised sustainable farming practices. These efforts have helped reduce water use by 40–60%, cut chemical fertiliser use by 20%, and increase farmers' incomes by 30–150% through crop diversification

Vietnam to diversify markets for agricultural products amid global trade shifts. (Photo: VNA)

Vietnam to diversify markets for agricultural products amid global trade shifts

According to the Ministry of Agriculture and Environment (MAE), Vietnam’s agricultural product exports are inevitably affected by disruptions in global supply chains and the imposition of unilateral, stringent tariff policies by major economies. Nonetheless, these challenges also present an opportunity for Vietnam to adjust its export strategy and focus more intently on emerging and high-potential markets.

Delegates commence the construction of AEON Hai Duong Shopping Centre in Hai Duong Province on April 19. (Photo courtesy of AEON Vietnam)

Construction of AEON Hai Duong Shopping Centre kicked off

With a total investment of around 1.18 trillion VND (45.6 million USD), the AEON Hai Duong Shopping Centre is designed with a total floor area of approximately 3.6 hectares. Spanning an estimated gross floor area (GFA) of roughly 38,100 sq.m, the shopping centre will feature ample parking space for nearly 600 cars and 1,200 motorcycles.

Hai Phong hosts a conference on green transition and sustainable development. (Photo: congluan)

Hai Phong’s green growth sees both progress and obstacles

As part of its 2024 green growth efforts, Hai Phong implemented initiatives across 17 sectors. These included building and refining legal and policy frameworks as well as strengthening state management in line with green growth objectives.

Chanh Thon carpentry village in Nam Tien commune, Phu Xuyen district, Hanoi (Source: nongthonmoihanoi.gov.vn)

Hanoi to develop 254-million-USD industrial cluster

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.