Binh Duong records US$1.7 billion trade surplus in Q1

During the first three months of the year, the province earned US$6.36 billion from exports, mostly of wooden products, textiles and garments and footwear; while its imports came to US$4.66 billion, a provincial People’s Committee report said.

The province also saw a breakthrough in attracting foreign direct investment (FDI). As of mid-March, it had lured more than US$1.34 billion in FDI. Of the total, US$793 million was from 43 newly licensed projects and the rest was from 18 projects that got additional capital.

To date, the province has attracted 2,890 foreign-invested projects worth around US$27.1 billion, data revealed.

Between January and March, the province’s Index of Industrial Production rose by 7.3 percent compared to the same period last year. Its total revenue from retail trade and services reached around VND39.6 trillion (US$1.74 billion) in the first quarter, up 19.7 percent year-on-year.

During this three-month period, the province approved the setting up of 966 new enterprises with a total investment capital of VND5.39 trillion, while allowing 166 operating ones to raise their capital by a total of VND3.73 trillion.

The committee said it would continue to improve the province’s investment and business climate and would hold dialogues with representatives of associations and enterprises to resolve the problems they are facing.