Binh Duong’s exports rake in 24.5 billion USD in nine months
The southern province of Binh Duong earned over 24.5 billion USD from exports in the first nine months of 2021, up 26.7 percent year on year and meeting 79.8 percent of this year’s target.
Binh Duong (VNA) – The southern province of Binh Duong earned over 24.5 billion USDfrom exports in the first nine months of 2021, up 26.7 percent year on year and meeting79.8 percent of this year’s target.
Of the figure, more than 4.6 billion USD were contributed by the domestic economicsector, up 31.3 percent while the rest of 19.8 billion USD was contributed by the foreign-invested sector, up 25.6percent.
Almost key currency earners maintained annual moderate growth, includingmachinery and equipment, tools, iron and steel, computers, electronics andspare parts.
Its biggest importer was the US, followed by Europe, the Republic ofKorea and Japan.
According to a business trend survey of 450 local enterprises in the manufacturingand processing sector, 10.71 percent of respondents said they better performedin the third quarter, 49.33 percent still met difficulties while 39.96 percent saidtheir operations remained stable.
About new export orders, 3.61 percent said they received more orders in thethird quarter, 45.83 percent reported a reduction and 50.56 percent saw a stablesituation.
Forecasting business performance in the fourth quarter, over 87 percentof surveyed firms predicted a more stable and better future while more than12.8 percent were less upbeat.
So far, over 2 million residents in Binh Duong have been given at leastone vaccine shot. The province is focusing on curbing the pandemic whilecreating favourable conditions for enterprises to resume operations.
💦 As many as 85 percent of local firms have registered to resumemanufacturing in the new normal./.
As a labour-intensive industry, textile enterprises in Ho Chi Minh City have many concerns to address, especially a shortage of workers. According to calculations, businesses are currently short of about 85,000 workers, or 30 percent of needs. Though eager to reopen, businesses must rush to find workers.
Recent announcements made by foreign investors on additional investment to expand production in Vietnam reflect their trust in Vietnam’s prospects for economic recovery, reported the Dau tu (Investment Review) newspaper.
The Government is resolved to step up measures to create new momentum, and speed up the disbursement of public investments to spur economic growth in the last quarter of this year, Prime Minister Pham Minh Chinh said while chairing a regular Cabinet meeting on October 2.
Business and production have been severely stricken by prolonged lockdowns and social distancing orders triggered by the worst-ever COVID-19 resurgence in the third quarter of 2021, according to the General Statistics Office (GSO).
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
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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.
Illustrative image (Photo: VNA) 
