Binh Duong posts nearly 8 billion USD in trade surplus
The southern industrial hub of Binh Duong recorded close to 8 billion USD worth of trade surplus in the first nine months of this year, as heard at a September 28 meeting that reviewed the province’s socio-economic growth.
Binh Duong (VNA) – The southern industrial hubof Binh Duong recorded close to 8 billion USD worth of trade surplus in thefirst nine months of this year, as heard at a September 28 meeting thatreviewed the province’s socio-economic growth.
In the period, the province raked in more than 27 billion USDfrom exports, up 11.9% year-on-year, and spent 19.2 billion USD on imports, down1.6% annually.
It also posted an estimated 8.7% annual growth inthe local index of industrial production (IIP) and reeled in over 200.92trillion VND (8.45 billion USD) from retail and service activities, increasing by 19.9% against lastyear.
Addressing the meeting, Vo Van Minh, Chairman of the provincial People’s Committee,lauded concerted efforts of the local authorities and business community inimplementing socio-economic growth tasks and COVID-19 prevention and controlmeasures.
He requested competent agencies to follow plans, closely monitor the market and prices, and ensure the supply - demand balance of essential commodities in the remaining months🔴 of the year.
Binh Duong is a popular destination for foreign investors.As of September 15, the province was home to 4,069 foreign-invested projectswith total registered capital of nearly 39.6 billion USD. It is currentlyranked 2nd in the country in attracting foreign direct investment, after Ho ChiMinh City./.
Domestic investment in the southern province of Binh Duong topped 62.3 trillion VND (3 billion USD) as of August 15, up 2.1% annually, surpassing the foreign direct investment (over 2.5 billion USD) for the first time, reported the provincial People’s Committee at a press conference on August 30.
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Illustrative photo (Source: VNA) 
