Binh Duong runs nine-month trade surplus of US$2 billion
The southern province of Binh Duong generated over US$11 billion from exports during the first nine months of this year, moving closer to its annual target of US$16.7 billion, which is up by 16.5% compared to last year.
The export figure, with 83.1% contributed by foreign investors, marked a trade surplus of more than US$2 billion.
Industrial production was valued at more than VND131 trillion (US$6.2 billion), a year-on-year rise of 13.6%, Director of the provincial Department of Industry and Trade Vo Van Cu said.
During this period, 99 foreign-invested firms poured an extra US$727 million into the locality, while 275 local firms registered an increase in capital of VND2 trillion (US$90 million).
In the past, Binh Duong offered tax breaks and exemptions worth close to VND1.3 trillion (US$61 million), and a US$45 million credit package to struggling firms.
Procedures on taxation, customs, land, construction and social insurance have also been improved.
Industrial production was valued at more than VND131 trillion (US$6.2 billion), a year-on-year rise of 13.6%, Director of the provincial Department of Industry and Trade Vo Van Cu said.
During this period, 99 foreign-invested firms poured an extra US$727 million into the locality, while 275 local firms registered an increase in capital of VND2 trillion (US$90 million).
In the past, Binh Duong offered tax breaks and exemptions worth close to VND1.3 trillion (US$61 million), and a US$45 million credit package to struggling firms.
Procedures on taxation, customs, land, construction and social insurance have also been improved.