The southern province of Binh Duong earned more than 24.3 billion USD from exports in 2016, up 16.4 percent from the previous year and making up 99.3 percent of the annual target.
Binh Duong(VNA) ꧃– The southern province of Binh Duong earned more than 24.3 billion USDfrom exports in 2016, up 16.4 percent from the previous year and making up 99.3percent of the annual target.
According to theprovincial Department of Industry and Commerce, domestic enterprises broughthome 4.4 billion USD (up 11.2 percent) from exports, while foreign-investedfirms raked in over 19.9 billion USD (up 17.6 percent). The province’s staples,such as wooden products, textiles and garments, leather and footwear, havemaintained their export growth, while rubber latex has bounced back in the lastmonths of this year. Nine out of 23 productgroups have enjoyed rises of 10 percent upwards in export turnover. Meanwhile,export earnings of coffee and agricultural products, which dropped in 2015, haveincreased by 7 percent this year. Binh Duong hassuccessfully maintained its traditional export markets such as the US, the UK,Japan and ASEAN, with export orders going up by 5 – 10 percent as compared to 2015. In 2017, Binh Duong expectsto record a year-on-year growth rate of 15.7 percent in its export value byincreasing trade promotions, expanding markets and offering incentives to businesseswhile diversifying export goods.-VNA
The People’s Council of Binh Duong province has adopted a resolution on the province’s socio-economic development for 2016-2020 with the goal of an annual GRDP growth of 8.3 percent.
Some 1.5 billion USD in foreign direct investment (FDI) has been poured into southern Binh Duong province over the last nine months, mainly in the processing and manufacturing industries.
The southern province of Binh Duong ran a trade surplus of more than 3.4 billion USD in the past nine months, a record level for the period in recent years.
The industry development index of the southern province of Binh Duong stood at 10.1 percent in 2016, down 0.2 percent year-on-year, reported the provincial Department of Industry and Trade.
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Illustrative image (Source: VNA) 
