Binh Duong province earned over US$10.7 billion from exports in the first five months of 2017, according to the province’s Department of Industry and Trade. Its key exports had relatively high growth, for example garments and textiles (up 8.2 per cent), footwear (9.8 per cent), wooden products (11.8 per cent) and electronic parts (13 per cent). In May alone, the province’s exports were valued at over US$2.2 billion, up 3.8 per cent from the previous month and 17.9 per cent from the same month last year.
In the coming time, in order to ensure a smooth export and import growth, the province will continue to accelerate administrative procedure reform, improve the business and investment environment, and encourage enterprises and people to start up and develop business.
The southern province also drew US$1.49 billion of foreign direct investment (FDI) in the first five months, surpassing the full-year target by 6.5 per cent. Domestic investment capital also increased to over VND16,600 billion.