Binh Duong posted a highest-ever trade surplus of around 6.3 billion USD in the first half of 2022 as its foreign trade has seen quick recovery since the beginning of this year on the back of the recovery of global production and supply chains.
A corner of the Vietnam-Singapore Industrial Park 1 (VSIP1) in Thuan An, Binh Duong. (Photo: VNA)
Binh Duong (VNA) – Binh Duong posted a highest-ever tradesurplus of around 6.3 billion USD in the first half of 2022 as its foreigntrade has witnessed quick recovery since the beginning of this year on the back ofthe recovery of global production and supply chains.
The southern province generated nearly 19 billion USD fromexports and spent some 12.7 billion USD on imports, according to head of theprovincial Statistics Office Ngo Van Mit.
Its largest market in H1 was the US which imported about 6.4billion USD worth of goods and services from Binh Duong, followed by the EU(2.2 billion USD), the Republic of Korea and Japan (over 1.8 billion USD), and Taiwan(China) (over 1.4 billion USD).
Binh Duong reported a quite impressive growth of 6.84% inGross Regional Domestic Products (GRDP) during the period; with industry and constructionexpanding 7.58%; services 6.60%, and agriculture, forestry and fisheries,2.95%.
More than 3,300 enterprises have newly established in theprovince from January-June, registering total capital of nearly 21.26 trillionVND (911.86 million USD).
It also raked in over 2.5 billion USD in foreign directinvestment (FDI)./.
The southern province of Binh Duong lured 2.5 billion USD worth of foreign direct investment (FDI) in the first five months of 2022, rising to the top of localities nationwide.
The southern province of Binh Duong’s gross regional domestic product (GRDP) grew 6.85 percent in the first six months against the same period last year.
Binh Duong smart city of the southern province of the same name was named in the 2022 Top 7 Intelligent Communities 2022 worldwide at a ceremony on June 21.
Secretary General of the European Chamber of Commerce (EuroCham) Erwin Debarea has said the southern province of Binh Duong has potential to attract investors in green industries such as high technology, digital transformation, climate change mitigation and environmental protection towards green growth and sustainable development - areas of European investors' interest and priority.
The southern province of Binh Duong is leveraging its industrial parks to lure foreign direct investment (FDI) and develop trades and services, building a diverse economic ecosystem that facilitates the formation of a green and smart economy.
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.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
A corner of the Vietnam-Singapore Industrial Park 1 (VSIP1) in Thuan An, Binh Duong. (Photo: VNA)
