Binh Duong enjoys trade surplus of more than US$400 million

14:41 | 06/03/2015

VGP – The southern province of Binh Duong enjoyed a trade surplus of US$420 million in the first two months of 2015.

Illustration photo

It came after the province’s export and import turnover reached US$2.94 billion and US$2.52 billion in two months, seeing year-on-year increases of 14% and 14.7%, respectively.

The export turnover of the State and foreign-invested sectors rose 9.8% and 15.1% over the past two months, achieving US$558.3 million and US$2.38 billion, respectively.

The shipment of wooden products ranked first with US$376.6 million, up 17.8%, followed by garment with US$281.5 million, up 3.8%, footwear with US$276.4 million, up 16.5% and phones and accessories with US$241.8 million, up 18.8%.

According to the provincial Department of Planning and Investment, over the past two months of the year, the province attracted more than US$180 million in Foreign Direct Investment (FDI).

As many as 20 new projects were licensed with a registered capital of nearly US$68.6 million and 16 ones were added by more than US$111.2 million in capital.

Up to now, a total registered capital of US$20.66 billion from 39 nations and territories have been poured in 2,412 projects in the province.

Japan took the lead with nearly US$4.47 billion in 226 projects. It was followed by Taiwan (China) with US$4.65 billion in 671 projects, the Republic of Korea with US$1.92 billion in 492 projects and Singapore with US$1.77 billion in 138 projects.

This year, Binh Duong Province sets the goal of attracting US$1 billion in FDI.

By Thuy Dung