HCMC – The southern province of Binh Duong generated US$22.5 billion in export revenue during the first eight months of the year, an 11.3% increase versus the same period last year.
The province’s Index of Industrial Production (IIP) in August rose by 6.04%, indicating stable growth across various economic sectors.
Last month saw Binh Duong’s export revenue expanding by 12.7% year-on-year to nearly US$16 billion, and its retail sales of goods and services climbing by 12.6% to VND225 trillion.
Key export sectors experienced significant growth from January to August, with wood exports soaring by 21.8%, textile and garment exports by 3.6%, and shoes and leather products by 9.4%. The export of computers and electronic products recovered as well.
Binh Duong’s main export markets include the U.S., Europe, Canada, South Korea, Australia, and Japan.
Pham Van Xo, chairman of the Binh Duong Export-Import Association, advised businesses to diversify markets, build sustainable supply chains, and get ready for market volatility. Close collaboration among local businesses, he added, will help mitigate risks and boost competitiveness in the global market.
