The southern province of Binh Duong saw a 2.2 billion USD trade
surplus in the first nine months of this year, up 15.6 percent against
the same period last year, and the figure is expected to rise further in
the time to come.
According to Vo Van Cu, Director
of the provincial Department of Industry and Trade, recent harsh years
have pushed forward businesses’ production restructuring, leading to
increasing export value and an inevitable export surplus.
Local businesses have taken steps towards more stable and sustainable
development thanks to a steady exchange rate and inflation, reduced
interest rates and falling costs of imported materials, the department
said.
The recovery of major importers such as the
US, EU, Japan, Australia, Brazil, Argentina and the Middle East along
with the positive impacts of the Trans-Pacific Partnership Agreement
(TPP) negotiations have raised their export orders by 10-15 percent
compared with last year’s corresponding period.
However, the decisive factor behind the surplus is the businesses’
efforts to reduce expenditure, said Phan Van Xo, President of the Binh
Duong Association for Exporters.-VNA