Binh Duong enjoys nearly 1.8 billion USD trade surplus in three months
The southern province of Binh Duong enjoyed a trade surplus of nearly 1.8 billion USD in the first quarter of this year, said Nguyen Van Danh, Director of the provincial Department of Industry and Trade.
Binh Duong (VNA) – The southern province of BinhDuong enjoyed a trade surplus of nearly 1.8 billion USD in the first quarter ofthis year, said Nguyen Van Danh, Director of the provincial Department ofIndustry and Trade.
Danh said that in the period, Binh Duong earned more than6.1 billion USD from exports, up 13.4 percent year on year, with theforeign-invested sector contributing 4.9 billion USD, 79.8 percent of the totalearnings.
Major currency earners included timberwith 772.2 million USD, garment and textiles, about 653.5 million USD andfootwear, 700.6 million USD.
According to the department,local firms will see an increase in the number of orders for major products inthe second quarter of 2019.
The major markets for Binh Duongwere the US, the EU, Japan and the Republic of Korea.
Danh said that the Comprehensiveand Progressive Agreement for Trans-Pacific Partnership (CPTPP), which becameeffective on January 14, 2019, has helped increase orders for exporters in BinhDuong.
Statistics from the departmentshowed that in the first quarter, the province attracted 461.1 million USD offoreign direct investment, including 310.6 million USD poured in new projectsand 153.5 million USD injected into underway ones.
So far, the province has lured3,571 foreign-invested projects with total registered capital of 32.2 billionUSD, ranking third after Ho Chi Minh City and Hanoi.-VNA
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Illustrative image (Source: VNA) 
