Friday, November 22, 2024 8:42:50 AM - Markets closed
VN-INDEX 1,228.33 +11.79/+0.97%
HNX-INDEX 221.76 +0.47/+0.21%
UPCOM-INDEX 91.50 +0.41/+0.45%
Southeast key economic region enjoys strong growth in exports
vietnamnews - 7/8/2024 2:35:22 PM
 (0 ratings. You must sign in to rate.)
The southeast key economic region has maintained its role as the economic engine of the country with impressive economic indicators recorded in all regional localities so far this year, especially in exports.
 
 
Bình Dương Port. The southeast key economic region has maintained its role as the economic engine of the country with impressive economic indicators recorded in all regional localities so far this year. — VNA/VNS Photo Hồng Đạt
 
The southeast key economic region has maintained its role as the economic engine of the country with impressive economic indicators recorded in all regional localities so far this year, especially in exports.
 
The Department of Industry and Trade of Bình Dương, an industrial hub in the South, reported that in the first five months of 2024, the locality earned nearly US$13.8 billion from exports, up 13 per cent year on year.
 
Meanwhile, the Statistics Office of Đồng Nai Province said that in the Jan-May period, local firms exported nearly $9.3 billion worth of goods, and imported $6.45 billion worth of products, resulting in a trade surplus of more than $2.8 billion.
 
In HCM City, Chairman of the city Union of Business Association (HUBA) Nguyễn Ngọc Hòa said that many local firms have received orders for the third quarter.
 
Thanks to efforts of the business community and support policies from the municipal administration, the southern economic hub has been a leading locality in import-export revenue over the years.
 
In 2023, the city reported an import-export value of $55.3 billion. In the first five months of 2024, the figure continued to expand despite fluctuations in the world market, with a rise seen in export value of many major products.
 
Director of the Bình Dương Department of Industry and Trade Nguyễn Thanh Toàn said that in order to support businesses in promoting exports, in the rest of the year, the department will continue working closely with the Ministry of Industry and Trade and the Việt Nam Trade Offices abroad to provide helpful information to businesses and trade associations, especially on the demand of export markets.
 
Bình Dương will assist local firms to make full use of free trade agreements that Việt Nam has signed and strengthen investment and trade promotion activities, while speeding up administrative reform and supporting exporters in customs clearance, he said.
 
Meanwhile, Deputy Chairman of the People’s Committee of HCM City Nguyễn Văn Dũng said that the city will direct relevant agencies to look into difficulties that local firms are facing so as to provide support measures, helping them expand markets and engage deeply into international goods supply chains.
 
This year, HCM City aims for a year-on-year growth of 6.5 per cent in industrial production index, and 10 per cent rise in export turnover. — VNS
 
Read original article here
Newer News
21/11 VN must diversify its textile export markets
21/11 Shrimp exports surge in 10 months, generating US$3.2 billion
21/11 Vietnam aims to increase rice market share in Africa
20/11 Trade growth between Vietnam and Americas promoted by FTAs
20/11 Enterprises urged to tap potential to expand official exports to EU
19/11 Solutions discussed to ensure coal supply for electricity generation in 2025
19/11 Workshop seeks ways to attract Japan’s green investment to Vietnam
19/11 VN-UK trade continues to grow
19/11 Switzerland provides US$3.3 million to promote Vietnam's circular economy
19/11 Rubber exports to Malaysia grow by triple digits
Older News
08/07 AI tools important to achieve Vietnam's global competitiveness
08/07 DPPA promotes competitive electricity market development in VN
08/07 VN steel industry sees a positive growth trend
08/07 Work starts on Quang Tri airport project
08/07 Da Nang city urges investment from Japan
08/07 Enterprises urged to further engage in ESG criteria
05/07 Hanoi rolls out measures to accelerate H2 growth: official
05/07 Manufacturing business sentiment to rise
05/07 Mountainous areas need more foreign investment to thrive
05/07 Hanoi rolls out measures to accelerate H2 growth: official
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,228.33 +11.79/+0.97%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.