At a production line of components for automobile industry at Bau Bang IP.Stable exportIn the first half of this year, Binh Duong's export turnover won US$5,993mil, up 16.3% from the same period last year, of which FDI capital accounted for 83.4% and increased 18.7%. The provincial department of Trade and Industry said that thanks to stability in par, decrease in interest rate, stability in material price, main export markets such as the EU, US, Japan, Korea, etc have recovered gradually.In addition, the number of export orders increased 10-15% compared with the same period last year. Most of businesses signed orders till the end of the third quarter of 2013 and others signed big orders till the end of this year. Among staple export items, high valued items such as timber, apparel, footwear products increased 1.2%, 7.1%, 5.4%, respectively, etc. The products amounted over 30% of export turnover of the whole province. According to Vo Van Cu, director of the provincial department of Trade and Industry, items of hi-tech products of electronics, auxiliary industry accounted for a high density. These items' turnover increase helped improve decrease of rubber industry.This result was thanks to the Government's measures in solving difficulties of production and business, tax extension and exemption for enterprises. In addition, local leaders often held dialogues and meetings to solve petitions and shortcomings for businesses.FDI attraction on the riseAlong with the stable results of export, FDI attraction in the first six months of this year kept increasing with US$925mil. Of this, there were 63 new projects, capitalized at $593.6mil and 69 capital additional ones with $331.5mil. This result lifted local FDI projects up to 2,167 projects with the total capital of $18.2bil. With the above results, a local plan luring over $1bil in FDI capital in this year will be surely complete and exceed the set goals. Increase on FDI capital will contribute greatly to local economic development. In the past 6 months alone, the economic area including FDI capital accounted for 67.1% in industrial production value and 83.4% in export turnover. Assessing the remarkable results, the local People's Committee said that thanks to synchronous investment in infrastructure facility and cooperation between functional agencies and businesses, local potentials of economy were well exploited with encouraging achievements.Reported by V.Giang - Translated by A.C
Impressive figures on Binh Duong's export and investment attraction
Together with other economic achievements, Binh Duong province's export and foreign investment attraction in the first half of this year reached remarkable results, creating important premise for the locality to excel the set goals in 2013. At a production line of components for automobile industry at Bau Bang IP.Stable exportIn the first half of this year, Binh Duong's export turnover won US$5,993mil, up 16.3% from the same period last year, of which FDI capital accounted for 83.4% and increased 18.7%. The provincial department of Trade and Industry said that thanks to stability in par, decrease in interest rate, stability in material price, main export markets such as the EU, US, Japan, Korea, etc have recovered gradually.In addition, the number of export orders increased 10-15% compared with the same period last year. Most of businesses signed orders till the end of the third quarter of 2013 and others signed big orders till the end of this year. Among staple export items, high valued items such as timber, apparel, footwear products increased 1.2%, 7.1%, 5.4%, respectively, etc. The products amounted over 30% of export turnover of the whole province. According to Vo Van Cu, director of the provincial department of Trade and Industry, items of hi-tech products of electronics, auxiliary industry accounted for a high density. These items' turnover increase helped improve decrease of rubber industry.This result was thanks to the Government's measures in solving difficulties of production and business, tax extension and exemption for enterprises. In addition, local leaders often held dialogues and meetings to solve petitions and shortcomings for businesses.FDI attraction on the riseAlong with the stable results of export, FDI attraction in the first six months of this year kept increasing with US$925mil. Of this, there were 63 new projects, capitalized at $593.6mil and 69 capital additional ones with $331.5mil. This result lifted local FDI projects up to 2,167 projects with the total capital of $18.2bil. With the above results, a local plan luring over $1bil in FDI capital in this year will be surely complete and exceed the set goals. Increase on FDI capital will contribute greatly to local economic development. In the past 6 months alone, the economic area including FDI capital accounted for 67.1% in industrial production value and 83.4% in export turnover. Assessing the remarkable results, the local People's Committee said that thanks to synchronous investment in infrastructure facility and cooperation between functional agencies and businesses, local potentials of economy were well exploited with encouraging achievements.Reported by V.Giang - Translated by A.C
At a production line of components for automobile industry at Bau Bang IP.Stable exportIn the first half of this year, Binh Duong's export turnover won US$5,993mil, up 16.3% from the same period last year, of which FDI capital accounted for 83.4% and increased 18.7%. The provincial department of Trade and Industry said that thanks to stability in par, decrease in interest rate, stability in material price, main export markets such as the EU, US, Japan, Korea, etc have recovered gradually.In addition, the number of export orders increased 10-15% compared with the same period last year. Most of businesses signed orders till the end of the third quarter of 2013 and others signed big orders till the end of this year. Among staple export items, high valued items such as timber, apparel, footwear products increased 1.2%, 7.1%, 5.4%, respectively, etc. The products amounted over 30% of export turnover of the whole province. According to Vo Van Cu, director of the provincial department of Trade and Industry, items of hi-tech products of electronics, auxiliary industry accounted for a high density. These items' turnover increase helped improve decrease of rubber industry.This result was thanks to the Government's measures in solving difficulties of production and business, tax extension and exemption for enterprises. In addition, local leaders often held dialogues and meetings to solve petitions and shortcomings for businesses.FDI attraction on the riseAlong with the stable results of export, FDI attraction in the first six months of this year kept increasing with US$925mil. Of this, there were 63 new projects, capitalized at $593.6mil and 69 capital additional ones with $331.5mil. This result lifted local FDI projects up to 2,167 projects with the total capital of $18.2bil. With the above results, a local plan luring over $1bil in FDI capital in this year will be surely complete and exceed the set goals. Increase on FDI capital will contribute greatly to local economic development. In the past 6 months alone, the economic area including FDI capital accounted for 67.1% in industrial production value and 83.4% in export turnover. Assessing the remarkable results, the local People's Committee said that thanks to synchronous investment in infrastructure facility and cooperation between functional agencies and businesses, local potentials of economy were well exploited with encouraging achievements.Reported by V.Giang - Translated by A.C
