Despite the implicit challenges and difficulties of the world economy in 2010, Binh Duong province’s export-import performance has still reaped positive results with total export value accounting for 10% of the country’s total export value and trade surplus reaching more than US$1bln.

 

Export turnover accounts for 10% of the country’s export turnover

 

According to a report of provincial People’s Committee, the province’s export turnover in 2010 is estimated at US$8.294bln, increasing by 23.5% compared to 2009’s same period and exceeding 19.7% of the projection. Of the total figure, the domestic investment sector grew by 10.2% while the foreign investment sector rose by 27.3%.

 

 

Car electric wire for export being produced at Yazaki Eds Vietnam Co.Ltd. in Di An district

 

The whole country’s total export turnover this year is estimated at US$70.8bln, increasing by 24% against that of 2009 and 17% of the projection, according to the Ministry of Planning and Investment’s Department for Service Economy. Thus, the province’s export turnover has accounted for 10% of the country’s total export turnover this year.

 

Currently, the province is home to 1,600 businesses that have directly exported their products into 183 countries and territories in the world. Their main export markets are still U.S, Europe, Taiwan, Japan…The province’s export main products have still maintained high growth, including rubber (71.4%), pepper (49.4%), electronics (24.1%), electric wire and cable (23.5%)…

 

Provincial Department of Industry and Trade said that the province’s export growth this year has came from export markets expanded. Province-based businesses have also signed big orders for key export products. Another thing is that the European Union (EU) has decided to remove the anti-dumping tax on Việt Nam’s bicycles imported to EU countries after a five-year imposition…

 

Export turnover up 21% in 2011

 

However, the province’s export sector has still faced shortcomings for change. Some products have seen reduction in export turnover, including coffee (down 47.4%), fisheries (down 15.6%)…The proportion of export turnover for some key products has been not high. The province’s import value is still high with US$7.126bln, up 25.6% compared to that of 2009…

 

The Ministry of Planning and Investment’s Department for Service Economy predicts that the economic world will further see recovery in 2011... According to provincial People’s Committee, the province will strength trade promotion activities to expand export markets; support businesses to improve the quality and value of export products, especially key ones… to achieve the target of export growth by 21% compared to that of 2010.

 

Reported by Thanh Son-Translated by K.T