Binh Duong exports surge in January
Enterprises in southern Binh Duong province have generated US$1.3 billion from exports in the first month of 2013, marking a 70 percent rise year-on-year.
According to the Binh Duong Association for Exporters, turnover of key export items such as wood products, textiles, footwear and electronics increased by 15 to 30 percent during the month.
Association chairman Pham Van Xo said: “This not only a positive beginning but also provides impetus for the rest of the year.”
“This year, Binh Duong will strive for annual export growth of between 20 to 25 percent,” Xo said.
In another bright sign Xo said all members of his association had already inked export contracts for the whole year with foreign counterparts, with garment and leather footwear sectors winning the largest deals.
The provincial enterprises this year will focus on exporting quality affordable products.
Experts forecast the province’s exports would remain stable this year as the EU and US economic are on tract for recovery and partner in these markets are targeting the cheap goods markets where Vietnam has considerable strength.
Last year, Binh Duong posted an export turnover of US$12.13 billion, representing a year-on-year increase of 16 percent as a result of concerted efforts from provincial authorities and enterprises in fostering trade promotion and expanding export outlets, according to the provincial official website.
It is now home to 1,725 exporters, shipping products to 143 countries and territories including the US, EU, Japan, the Republic of Korea and China.