Binh Duong records trade surplus of over 1.5 bln USD in Q1
The southern province of Binh Duong recorded a trade surplus of more than 1.5 billion USD in the first quarter of 2018, according to the provincial Department of Trade and Industry.
Binh Duong (VNA) – The southern province of Binh Duong recorded atrade surplus of more than 1.5 billion USD in the first quarter of 2018, accordingto the provincial Department of Trade and Industry.
In the reviewed period, export turnover of the province reached more than 5.57billion USD, a rise of 15.3 percent year-on-year, while imports were valued atover four billion USD, up 16.8 percent.
The high export turnover was attributable to the 10-15 percent growth of keyitems including wooden products, which werevalued at 644 million USD, up 13.5 percent; garment-textiles products at 627 millionUSD, up 18 percent; and footwear at 630 million USD, up 15.1 percent.
Meanwhile, the province imported chemicals worth 202 million USD, timber andwooden products (261 million USD), fabrics (231 million USD) andgarment-textile materials (345 million USD).
The freshly-signed Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) is expected to foster exports of Binh Duong province in thecoming time.
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Illustrative image (Source: VNA) 
