Binh Duong enjoys trade surplus in first five months
In the first five months of 2014, the southern province of Binh Duong enjoyed a trade surplus of nearly US$1 billion.
According to the provincial Statistics Office, during the January-May period, the locality’s export turnover saw a year-on-year increase of 7.9 percent to reach more than US$5.3 billion, of which US$4.469 billion came from the foreign-invested sector.
High growth rate continued to be recorded in Binh Duong’s main exports, including garment and textiles (US$700.9 million, 18.2%), mobile phones and components (US$450.9 million, 70.8%) and footwear (US$440 million, 12.5%).
Meanwhile, in the period the province spent US$4.39 billion on importing goods, up 7.6% from the same period last year.
*** Meanwhile, around US$65 million of foreign direct investment (FDI) was poured into Binh Duong in May, raising total FDI capital to the locality in the first five months of this year to US$815 million.
This is a positive sign which shows that investors still retain confidence in the investment environment in the locality and Vietnam in general.
Binh Duong has so far lured 2,255 foreign-invested projects totally valued at about US$20 billion.
According to Director of the provincial Department of Planning and Investment Mai Hung Dung, out of the US$65 million of FDI invested in Binh Duong in May, US$43 million was poured into local industrial parks (IPs).
Japan topped the list of foreign investors in Binh Duong during the period, followed by the Republic of Korea, Hong Kong and Taiwan (China).