【Ferro-alloys.com】The southern province of Binh Duong earned over 24.5 billion USD from exports in the first nine months of 2021, up 26.7 percent year on year and meeting 79.8 percent of this year’s target.
Of the figure, more than 4.6 billion USD were contributed by the domestic economic sector, up 31.3 percent while the rest of 19.8 billion USD was contributed by the foreign-invested sector, up 25.6 percent.
Almost key currency earners maintained annual moderate growth, including machinery and equipment, tools, iron and steel, computers, electronics and spare parts.
Its biggest importer was the US, followed by Europe, the Republic of Korea and Japan.
According to a business trend survey of 450 local enterprises in the manufacturing and processing sector, 10.71 percent of respondents said they better performed in the third quarter, 49.33 percent still met difficulties while 39.96 percent said their operations remained stable.
About new export orders, 3.61 percent said they received more orders in the third quarter, 45.83 percent reported a reduction and 50.56 percent saw a stable situation.
Forecasting business performance in the fourth quarter, over 87 percent of surveyed firms predicted a more stable and better future while more than 12.8 percent were less upbeat.
So far, over 2 million residents in Binh Duong have been given at least one vaccine shot. The province is focusing on curbing the pandemic while creating favourable conditions for enterprises to resume operations.
As many as 85 percent of local firms have registered to resume manufacturing in the new normal.