The southern province of Binh Duong recorded a trade surplus of 1.9 billion USD in the first half of 2016, according to the provincial People’s Committee.
Binh Duong (VNA) – The southern province of Binh Duong recorded a trade surplus of 1.9 billion USD in the first half of 2016, accordinꦬg to the provincial People’s Committee.
In the period, the locality’s export turnover reached 10.7 billion USD, up 16.5 percent year-on-year. The foreign-invested economic sector accounted for 80.8 percent of the turnover.
The province’s main export commodities all reported growth, including footwear (17.2 percent), iron and steel (15.5 percent), wood products (7.5 percent), and garment (7.1 percent).
The increases were attributed to positive impact of the ASEAN Economic Community, the Trans-Pacific Partnership agreement and free trade agreements, to which Vietnam is a signatory.
During January-June, provincial leaders directed to effectively carry out trade and investment promotion activities to expand markets both inside and outside the nation, including the signing of cooperation agreements between the province and the Netherlands’s Emmen and Hoovegeen cities.
Binh Duong also put into operation a foreign service centre under the provincial Foreign Affairs Department to support operations of investors and businesses.
Also in the period, the province spent 8.77 billion USD importing goods, mainly materials, machinery, fabrics, and electronic products and components.
The province contributed 21 billion USD to the country’s export revenue of 162.1 billion USD in 2015.-VNA
Authorities of the southern province of Binh Duong pledged to create optimal condition for foreign enterprises to operate in the locality, said a local senior official.
Binh Duong province attracted 1.097 billion USD in foreign direct investment (FDI) as of mid-June, equivalent to 78.3 percent of its yearly plan and up 8.3 percent against the same period last year.
The southern province of Binh Duong has seen the business registry of 1,684 enterprises since the beginning of this year, according to Nguyen Thanh Truc.
The southern province of Binh Duong is expected to be a major logistics centre in the region on the back of its location near seaports and infrastructure, as heard at a local seminar held on June 30.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA)
