Binh Duong aims for 15.5 percent export growth in 2019
The southern province of Binh Duong targets an export growth of 15.5 percent this year, according to Director of the provincial Department of Industry and Trade Nguyen Van Danh.
BinhDuong (VNA) - The southern province of Binh Duong targets an exportgrowth of 15.5 percent this year, according to Director of the provincialDepartment of Industry and Trade Nguyen Van Danh.
Speaking at a conference to launch 2019 tasks on January 28, Danh said BinhDuong also aims for a 9.5 percent rise in the Index of Industrial Production Index (IIP) anda 10.6 percent growth in the service sector’s added value, while its goods retail value is hoped to increase by 18 percent.
Vice Chairman of the provincial People Committee Mai Hung Dung said the localindustry and trade sector need to focus on building policies to support and encouragebusinesses, especially small and medium-sized enterprises (SMEs), to operate inindustrial clusters.
Trade promotion activities should be promoted, especially those to introducefarm products, he said, adding attention should also be paid to assisting trade associations,helping them fine-tune their activities, he added.
According to the department, Binh Duong recorded remarkable achievements inindustrial production and export growth in 2018. It is always one of the five localities leadingthe nation in industrial production and export.
Its IIP increased by 9.79 percent in2018, up 0.79 percent compared to the set plan. The manufacturing andprocessing industry is the main contributor to the locality’s growth,accounting for 98 percent of industrial production value.
Binh Duong earned nearly 25.3 billion USD from export in the year, up 15.6 percent against2017.
Thelocality’s total retail value of goods and service revenue hit 191 trillion VND, 18 percent higherthan that of the previous year.-VNA
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Illustrative image (Source: VNA) 
