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Binh Duong gains US$8 billion in trade surplus in Jan-Sept

The Saigon Times

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HCMC – The southern province of Binh Duong exported goods worth US$27 billion and spent US$19.2 billion on imports between January and September, resulting in a trade surplus of nearly US$8 billion, according to data released by the provincial government.

The province’s export value rose by 11.9%, while import spending was down 1.6% year on year, the local government reported at a meeting on the socio-economic situation on September 28.

Many economic indicators maintained good growth rates, of which the index of industrial production (IIP) in the January-September period increased by 8.7% over the same period last year.

The overall retail sales of goods and services in the nine months were estimated at over VND200 trillion, up 19.9% over the same period last year.

Binh Duong saw positive and stable growth in other sectors as well, including agriculture, development investment, urban planning and development, transportation, finance and socio-cultural activities.

To date, the province has realized 14 out of 34 yearly economic targets set by the local government, while some 17 targets will possibly be fulfilled at the end of this year.

At the meeting, Chairman of the provincial government Vo Van Minh called on local agencies and businesses to strictly follow the development plan in the next three months and closely monitor the market to ensure stability in production and consumption.

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