Province’s trade surplus in Q1 2016 reaches US$1.2bln

The province’s export turnover in the first three months of 2016 reached US$5.6bln, up 15.8% compared to last year’s corresponding period or 23% of the year’s plan while import value was estimated at US$4.4bln. Thus, the province’s trade surplus during the period was US$1.2bln.

According to experts, domestic enterprises will face a lot of challenges in the coming time. The wave of foreign investment pouring into Vietnam in general and Binh Duong in particular will rise up from free trade agreements which the country has signed. With abundant capital, high technologies…, foreign investors will absorb a large number of laborers, making domestic ones encounter difficulties. There will be also risks against dumping in markets together the increase of costs for power, traffic, laborers’ salary….All will block domestic enterprises’ production and business.

Reported by H.Anh-Translated by K.T