The southern province of Binh Duong enjoyed a trade surplus of 2.6 billion USD in the first half of 2020, according to the provincial statistics office.
The southern province of Binh Duong enjoys a trade surplus of 2.6 billion USD in the first half of 2020 (Photo: VNA)
BinhDuong (VNA) - 💞The southern province of Binh Duong enjoyed a tradesurplus of 2.6 billion USD in the first half of 2020, according to theprovincial statistics office.
Itsexport turnover hit 11.9 billion USD, a year-on-year increase of 0.4 percent,while it purchased 9.4 million USD worth of imports, up 4.2 percent. The export of wooden products, deemed among the spearhead sectors in Binh Duong, surpassed1.7 billion USD in the period, up a mere 0.6 percent year-on-year butrepresenting the lion’s share of the province’s export revenues. Itsgarment sector earned 1.2 billion USD from exports in the first six months, fora year-on-year increase of 0.6 percent. Meanwhile,footwear exports to the US and Japanese markets are projected to bounce back inthe post-pandemic period. Companiesare therefore urged to seize the opportunities to win over more customers and bolsterproduction and exports once the pandemic is fully controlled. Mostlocal businesses have resumed operations, even though many factories facematerial and order shortages. BinhDuong’s gross regional domestic product (GDRP) rose 6.73 percent in the firsthalf, while its index of industrial production was up 6.4 percent year-on-year./.
Despite the difficulties caused by the COVID-19 pandemic, Binh Duong province managed to expand exports by 3.6 percent in the first quarter of the year to 5.8 billion USD, according to its Department of Industry and Trade.
A plant processing daily waste into bio-fertiliser, said to be the biggest of its kind in Vietnam and even Southeast Asia at present, was put into operation in the southern province of Binh Duong on May 14.
Secretary of the southern Binh Duong provincial Party Committee Tran Van Nam hosted a reception on July 7 for Lao Ambassador to Vietnam Sengphet Houngboungnuang.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
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Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
The southern province of Binh Duong enjoys a trade surplus of 2.6 billion USD in the first half of 2020 (Photo: VNA) 
