Vietnam's southeastern region sees impressive export growth in Jan-May

09 Jul '24

2 min read

Vietnam's southeastern region sees impressive export growth in Jan-May

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Vietnam's southeastern region has maintained its role as the country's economic engine with impressive economic indicators, especially in exports, recorded in all regional localities so far this year.
In the first five months, Binh Duong earned nearly $13.8 billion from exports—up by 13 per cent YoY, and Dong Nai province exported goods worth $9.3 billion.

Vietnam’s southeastern region, which includes Dong Nai province and Binh Duong province—the gateway to Ho Chi Minh City, has maintained its role as the country’s economic engine with impressive economic indicators, especially in exports, recorded in all regional localities so far this year.

In the first five months this year, Binh Duong earned nearly $13.8 billion from exports—up by 13 per cent year on year (YoY), official statistics show.

In the same period, companies based in Dong Nai province exported goods worth nearly $9.3 billion and imported products worth $6.45 billion, resulting in a trade surplus of more than $2.8 billion.

Many firms based in Ho Chi Minh City have received orders for the third quarter, a news agency reported. The city reported an import-export value of $55.3 billion last year and the figure continued to expand in the first five months this year despite fluctuations in the world market.

HCM City aims for a YoY growth of 6.5 per cent in industrial production index this year, and a 10-per cent rise in export turnover.

The provincial government in Binh Duong will assist local firms to make full use of free trade agreements and strengthen investment and trade promotion activities, while speeding up administrative reforms and supporting exporters in customs clearance.

Fibre2Fashion News Desk (DS)

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