April 05, 2019 | 20:50 (GMT+7)
Binh Duong enjoys nearly USD 1.8 billion trade surplus in three months
The Southern province of Binh Duong enjoyed a trade surplus of nearly USD 1.8 billion in the first quarter of this year, said Nguyen Van Danh, Director of the provincial Department of Industry and Trade.
Danh said that in the period, Binh Duong earned more than USD 6.1 billion from exports, up 13.4 percent year on year, with the foreign-invested sector contributing USD 4.9 billion, 79.8 percent of the total earnings.
Major currency earners included timber with USD 772.2 million, garment and textiles, about USD 653.5 million and footwear, USD 700.6 million.
According to the department, local firms will see an increase in the number of orders for major products in the second quarter of 2019.
The major markets for Binh Duong were the US, the EU, Japan and the Republic of Korea.
Danh said that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which became effective on January 14, 2019, has helped increase orders for exporters in Binh Duong.
Statistics from the department showed that in the first quarter, the province attracted USD 461.1 million of foreign direct investment, including USD 310.6 million poured in new projects and USD 153.5 million injected into underway ones.
So far, the province has lured 3,571 foreign-invested projects with total registered capital of USD 32.2 billion, ranking third after Ho Chi Minh City and Hanoi.
Source: VNA