Binh Duong (VNA) - The southern province of Binh Duong earned 1.35 billion USD in the export turnover in the first quarter of the year, a year-on-year increase of 23 percent, said the Binh Duong People’s Committee.
The foreign-invested sector saw the highest growth, with 28.7 percent, followed by the State-owned sector with 17.7 percent and the private sector with a modest 7.4 percent gain.
The province’s main export products brought in high revenues. These include furniture, footwear, textiles, handicrafts, cable and electric wire, and electronic goods. Of these, furniture and textiles earned the highest revenues of 265 million USD and 182 million USD, respectively.
Meanwhile, rubber, instant noodles, bicycles and bicycle accessories showed decreases in export turnover compared to the same period last year.
In the first quarter, the province saw 21 new foreign-invested enterprises come into operation ad 35 foreign invested projects expand with a total 246 million USD in additional investment capital used to increase production capacity and install modern equipment aimed at improving the products’ competitiveness.
However, Nguyen Hoang Son, chairman of the provincial People’s Committee, said that the province’s export growth rate in the first quarter of the year was still lower than the provinces’s set target.
In a recent meeting, the committee guided those agencies creating favourable conditions for the export producers to adopt measures aimed at lowering the price of goods and further increasing the export growth rate in the near future.
In the province’s main export products development plan to 2010, which was set earlier this year, the province targets 2.8 billion USD for wooden products export turnover in 2010, up 37.8 percent each year; 1.2 billion USD in textile exports, up 27 percent each year, 1.8 billion USD in footwear, up 30.9 percent, and 282 million USD in handicrafts, up 16.5 percent.-Enditem
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