The southern province of Binh Duong enjoyed a trade surplus of 2.6 billion USD in the first half of 2020, according to the provincial statistics office.
The southern province of Binh Duong enjoys a trade surplus of 2.6 billion USD in the first half of 2020 (Photo: VNA)
BinhDuong (VNA) - The southern province of Binh Duong enjoyed a trades🅘urplus of♒ 2.6 billion USD in the first half of 2020, according to theprovincial statistics office.
Itsexport turnover hit 11.9 billion USD, a year-on-year increase of 0.4 percent,while it purchased 9.4 million USD worth of imports, up 4.2 percent. The export of wooden products, deemed among the spearhead sectors in Binh Duong, surpassed1.7 billion USD in the period, up a mere 0.6 percent year-on-year butrepresenting the lion’s share of the province’s export revenues. Itsgarment sector earned 1.2 billion USD from exports in the first six months, fora year-on-year increase of 0.6 percent. Meanwhile,footwear exports to the US and Japanese markets are projected to bounce back inthe post-pandemic period. Companiesare therefore urged to seize the opportunities to win over more customers and bolsterproduction and exports once the pandemic is fully controlled. Mostlocal businesses have resumed operations, even though many factories facematerial and order shortages. BinhDuong’s gross regional domestic product (GDRP) rose 6.73 percent in the firsthalf, while its index of industrial production was up 6.4 percent year-on-year./.
Despite the difficulties caused by the COVID-19 pandemic, Binh Duong province managed to expand exports by 3.6 percent in the first quarter of the year to 5.8 billion USD, according to its Department of Industry and Trade.
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The southern province of Binh Duong enjoys a trade surplus of 2.6 billion USD in the first half of 2020 (Photo: VNA) 
