With its import and export values growing 14.7 and 13.5 percent year-on-year to hit 24.6 and 31.5 billion USD in 2021, respectively, the southern province of Binh Duong recorded a trade surplus at 6.8 billion USD.
Binh Duong (VNA) – With its import and export values growing 14.7and 13.5 percent year-on-year to hit 24.6 and 31.5 billion USD in 2021, respectively,the southern province of Binh Duong recorded a trade surplus at 6.8 billionUSD.
According to data released by the provincial StatisticsOffice on December 30, the province’s gross regional domestic product (GRDP)increased by 2.62 percent against last year, while its index of industrialproduction (IIP) and total goods retail and consumption services revenue picked up 4.5 percent and 3.3 percent annually, respectively.
During the year, Binh Duong contributed 61.2 trillion VND (2.68billion USD) to the state budget, while its total local budget expenditure exceeded32.2 trillion VND.
The local average annual GRDP per capita reached 152.2million VND, an increase of 1.2 million VND compared to 2020.
Chairman of the provincial People’s Committee Vo Van Minhattributed the outcomes to the implementation of drastic COVID-19 prevention andcontrol measures as well as the creation of conditions to facilitate businessoperations and recovery./.
Binh Duong province has attracted over 2 billion USD of foreign direct investment (FDI) so far this year thanks to various measures taken by local authorities.
The People’s Committee of the southern Binh Duong province on December 9 held a conference to promote investment from Europe in the context of the "new normal" situation.
A three-day conference to help link up producers and buyers of agricultural, forestry and seafood products goods is being held in southern Binh Duong province with more than 100 businesses in attendance.
Becamex Tokyu Co. Ltd, a joint venture between Vietnam’s Becamex IDC Corp and Japan’s Tokyu Corporation, began construction of the first shopping centre named Sora Gardens SC in Binh Duong New City in the southern province of Binh Duong on December 28.
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.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.