(VOVWORLD) - 2024 marks a turning point in Binh Duong province’s import-export, with an estimated trade surplus of 10 billion USD, accounting for more than 10% of Vietnam’s export turnover.
 VSIP - Binh Duong Industrial Park (photo: hanoimoi.vn) |
Binh Duong province’s export turnover this year is an estimated 34.5 billion USD, up 13% from last year and 3% above the 2024 plan. Its staple products – wood, textiles, footwear, iron, steel, and electronics – will earn more than 19 billion USD, 56% of Vietnam’s export turnover. The textiles sector earned 3.2 billion USD, up 15% from last year.
Phan Thanh Duc, General Director of the Binh Duong Garment Company, said: “This is beyond our expectations. Last year when we set the goals for this year, the market situation was not really good.”
Nguyen Thanh Toan, Director of the Binh Duong provincial Department of Industry and Trade, said businesses have adapted effectively to the market development and recovered well.
“Businesses have taken advantage of opportunities from FTAs to expand overseas markets, particularly in the US, the EU, Japan, and China. It shows the province’s sustainable economic development.”
With major investment projects like the 1.3 billion-dollar Lego factory set to begin operations early next year and the 150 million-dollar Pandora factory, Binh Duong is poised to become a modern industrial hub powered by green, sustainable technologies.
In the coming year, the province plans to further strengthen its industrial infrastructure for logistics and transportation while implementing preferential policies to sustain growth and drive innovation.