Binh Duong Province weathers "COVID-19 storm" to register trade surplus of roughly US$4.5 billion

ABO/NDO – Despite the COVID-19-induced challenges, Binh Duong reported a trade surplus of nearly US$4.5 billion in the first seven months of 2021 thanks to a 43.5% year-on-year (YoY) rise in export revenue to more than US$20 billion, according to the Provincial People’s Committee.

Binh Duong’s economy still showed good resilience amidst the serious impacts of the pandemic, with socio-economic targets maintaining decent growth. Specifically, the province’s index of industrial production (IIP) during January-July rose 7.3% YoY, while total retail sales of goods and consumer service revenue also went up 7%.

Chairman of the Provincial People’s Committee Vo Van Minh said that the local socio-economic situation will bounce back well in the last months of the year if the pandemic is brought under control by October. What’s most important at present is the immunisation strategy, he said, stating that the province is hoping to inoculate 95% of its population to achieve herd immunity, creating ideal conditions for production and business recovery.

Binh Duong's index of industrial production (IIP) in the first seven months of 2021 rises 7.3% over the same period last year. (Photo: VNA).

Minh requested that in the remaining months of 2021, departments and sectors should closely follow their set plans, while synchronously implementing measures to accelerate economic recovery and production, ensuring social security as well as the life and health of the people and workers.

Specifically, support policies should be built to effectively support businesses applying the “3 on the spot” model. In addition, further efforts are required to step up testing, screening, pandemic prevention and control, and treatment of infected workers, towards establishing “green zones” for industrial areas to prevent production and supply chain disruption.

(Source: NDO)