Binh Duong runs trade surplus of over US$4.5 billion in eight months

Monday, 2019-09-02 18:46:26
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Binh Duong province recorded a trade surplus of over US$4.5 billion in the first eight months of 201. (Photo: VNA)
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NDO/VNA – The southern province of Binh Duong recorded a trade surplus of over US$4.5 billion in the first eight months of 2019, according to Director of the provincial Department of Industry and Trade Nguyen Van Danh.

The signing of the EU-Vietnam Free Trade Agreement (EVFTA) and the EU-Vietnam Investment Protection Agreement (EVIPA) is expected to open up numerous export opportunities for businesses, he said.

He noted that the province’s export turnover exceeded US$17.5 billion in January-August, a year-on-year rise of 13%. Of the value, the foreign economic sector contributed over US$14.3 billion (up 14.7%) and the remainder by the domestic one (up 6.5%).

Among the local key export commodities, the timber and goods sectors took the lead with the export turnover of over US$2 billion, a yearly rise of 15%.

In the eight-month period, the province imported US$12.9 billion worth of goods, up 7.1%, mainly phones and spare parts; computers, electronic products and components; garment-textile material and footwear; wood and timber products; and chemical products.

In 2019, Binh Duong strives to record a year-on-year export growth of 15.5%.