Binh Duong (VNA) – Southern Binh Duong province’s export turnover is estimated to reach nearly 4 billion USD in the first eight months of the year, representing a year-on-year increase of 24.1 percent.
The foreign-invested sector recorded an export turnover of close to 2.9 billion USD, up 25.2 percent over the same period last year, while State-owned enterprises reported respective figures of over 1 billion USD and 21.2 percent.
Among the province’s 15 major export staples, cashew nuts enjoyed the highest growth rate of 42.5 percent, followed by plastic products, 36.5 percent; electric wires and cables, 34.1 percent and pepper, 31.2 percent.
However, several key products saw growth rates slower than expected, including garment, 7.4 percent; footwear, 18.4 percent and handicrafts, 9.7 percent.
Especially, the export turnover of woodwork and electronic products reduced 1.3 percent and 5.4 percent, respectively, against last year.
To attain a 30 percent increase in export turnover in 2008, Binh Duong province in the last four months will create favourable conditions for local businesses’ production, complete the administrative reform for export activities and strictly implement inflation control measures.-Enditem
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