Binh Duong records a trade surplus of 9.1 billion USD this year. (Photo: VNA)
Binh Duong (VNA) – The southern industrial provinceof Binh Duong records a trade surplus of 9.1 billion USD this year, accordingto the provincial Statistics Office.
Head of the office Ngo Van Mit said despite unpredictable and complex developmentsin the economic and political situation in the world and the region, Binh Duonghas seen good economic recovery, fulfilling 30 out of 34 yearly targets.
The average per capita GRDP of the province reached 166 million VND (more than 7,027USD at current exchange rate) this year. The province collected an estimated61.9 trillion VND for the State budget, equivalent to 91.4% of estimates.
A total 6,235 new enterprises were established in Binh Duong during the year,with total capital of 40.1 trillion VND. Foreign investors also poured 3.1billion USD into the province as of December 15, a 48.8% increase year on year.
As for outstanding problems in the local economy, exports andindustrial production have shown signs of slowing down in the second half ofthe year.
In the first half of the year, most socio-economic indicators of the province showedhigh growth rates compared to the same period last year. However, many difficultiesarose in the second half. Exports were heavily affected, with export valuedropping significantly from a monthly 3.3 – 3.4 billion USD in the first sixmonths to 2.9 billion USD in July and further to 2.5 billion in November.
Industrialproduction and exports are expected to face more difficulties in the firstquarter of 2023 and beyond.
Besides, the disbursement of public investment capital in the province onlyreached 45.8% of the yearly plan as of the end of November.
Next year, the province will promote growth on the back of digitaltransformation and digital economy. Given the local strength in industrialproduction, Binh Duong will continue to consider industry its main economicdriver, aiming for a 8.9% increase in the index of industrial production in2023./.
Nguyen Van Danh, Vice Chairman of the Binh Duong Provincial People's Committee, a magnet for foreign investment in the South, hosted a reception on December 22 for a delegation from Japan’s Toyama prefecture led by Governor Nitta Hachiro.
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Binh Duong records a trade surplus of 9.1 billion USD this year. (Photo: VNA) 
