Trade surplus in the southern province of Binh Duong reached 591 million USD in the first quarter.
Exportedgoods were worth a total of 4.22 billion USD in value, an annualincrease of 15.6 percent. The foreign-invested sector contributed 81.8percent to the sum, up 16 percent from 2014.
Major exports maintained momentum, including woodwork products, apparel, footwear, handicrafts and electronic devices.
Meanwhile,Binh Duong imported 3.63 billion USD worth of commodities, a 15.5percent rise compared to the same period last year. The foreign sectoraccounted for 79.2 percent of total import value.
According tothe provincial People's Committee, State initiatives to clear businesshurdles took effect in Q1, with enterprises recording strong and stableoperations.
Most businesses have already signed goods contractsfor the second quarter, while some larger companies have completed dealsfor the third quarter.
Binh Duong recorded Q1 industrial production value of almost 50 trillion VND (235.3 million USD), up 11.2 percent year on year.
Alsoin the reviewed period, the province attracted 321million USD fromforeign direct investment (FDI) in 63 existing and new projects,bringing the number of FDI projects in Binh Duong so far to 2,449projects with the total registered investment to 20.7 billion USD.
Theprovince aims to attract one billion USD from FDI in 2015. To that end,the province will focus on industries with high levels of technologyand added value, while creating favourable conditions for investors interms of site clearance, overall social technological infrastructure andadministrative reform.
During the first months of 2015, severalforeign business groups have conducted field research in the province toseek business opportunities.
Binh Duong, together with Dong Nai,Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc, Long An, and Tien Giangprovinces, and HCM City, form Vietnam's southern economic region.-VNA
Exportedgoods were worth a total of 4.22 billion USD in value, an annualincrease of 15.6 percent. The foreign-invested sector contributed 81.8percent to the sum, up 16 percent from 2014.
Major exports maintained momentum, including woodwork products, apparel, footwear, handicrafts and electronic devices.
Meanwhile,Binh Duong imported 3.63 billion USD worth of commodities, a 15.5percent rise compared to the same period last year. The foreign sectoraccounted for 79.2 percent of total import value.
According tothe provincial People's Committee, State initiatives to clear businesshurdles took effect in Q1, with enterprises recording strong and stableoperations.
Most businesses have already signed goods contractsfor the second quarter, while some larger companies have completed dealsfor the third quarter.
Binh Duong recorded Q1 industrial production value of almost 50 trillion VND (235.3 million USD), up 11.2 percent year on year.
Alsoin the reviewed period, the province attracted 321million USD fromforeign direct investment (FDI) in 63 existing and new projects,bringing the number of FDI projects in Binh Duong so far to 2,449projects with the total registered investment to 20.7 billion USD.
Theprovince aims to attract one billion USD from FDI in 2015. To that end,the province will focus on industries with high levels of technologyand added value, while creating favourable conditions for investors interms of site clearance, overall social technological infrastructure andadministrative reform.
During the first months of 2015, severalforeign business groups have conducted field research in the province toseek business opportunities.
Binh Duong, together with Dong Nai,Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc, Long An, and Tien Giangprovinces, and HCM City, form Vietnam's southern economic region.-VNA
