Binh Duong - Export highlight

The FDI sector is the key motivation in the export growth of Bình Dương

Key export goods skyrocket

According to the statistics of Binh Duong Provincial Department of Statistics, in the first five months of 2021, despite many difficulties and challenges caused by the negative impact of the Covid-19 pandemic, import-export turnover of the province still gained high growth, reaching more than US$14 billion, up 49.1% over the same period in 2020. In detail, the foreign investment capital (FDI) sector is considered the main driving force of Binh Duong with an export turnover of nearly US$11.4 billion, up 48.6% over the same period last year.

Goods exported mainly to a number of traditional markets such as the US reached US$5.33 billion, accounting for 38.4% of export turnover, up 84.1% over the same period last year; Korea reached more than US$1.34 billion, accounting for 9.7%, up 23%; Japan reached more than US$1.23 billion, equivalent to 8.9%, up 23.7%; the EU market reached nearly US$1.25 billion, accounting for 8.9%, up 67.4%, over the same period last year.

Many key export items gained a breakthrough. For example, the wood export industry is making good use of the signed Free Trade Agreements (FTAs) to expand international trade and access new export markets, avoiding being too dependent on specific markets in the world.

The export turnover of this item in the past five months was estimated at US$2,897.3 million, up 65.4% over the same period last year, accounting for 20.8% of the province's export value.

Textiles - footwear increased by 26.3% and 31.7% over the same period last year. In particular, export value of some sectors such as computers, electronic products and components in the first five months of 2021 were estimated at US$557.1 million, up 73% over the same period last year, accounting for 4% of that in the whole province.

Especially, some main export markets such as the US, EU and Japan accounted for 53.8% of the total value, up 85.2% over the same period; for 12.3%, up 61.4% and up 56.2% respectively.

Along with the stable recovery and growth of industry, import and export turnover also skyrocketed, the total budget revenue of Binh Duong in the first five months of 2021 reached over VND30,000 billion, up 14% over the same period last year.

Maintain production operations

According to the People's Committee of Binh Duong province, under the negative impact of the Covid-19 pandemic, Binh Duong's budget revenue is considered to maintain a fairly stable increase.

In parallel with drastic and timely implementation solutions of the Government, Ministry of Industry and Trade and Binh Duong People's Committee to remove difficulties and promote production and business, from the beginning of 2021, businesses have sketched out plans to stabilize production and business. They have also actively looked for input material sources, mapped out contingency plans to minimize risks and damages, snatched every bargain to ensure production and business development in the new situation. By applying good remuneration policies to retain well-trained workers, preserving and searching for more orders, profits have increased considerably.

In order to prevent and control the pandemic, businesses are now paying great attention to the protection and health of employees. According to Mr. Nguyen Van Luong, General Director of Esquel Garment Manufacturing Vietnam Co., Ltd., with a very large number of workers (more than 2,000), the company implemented necessary measures to curb the spread of Covid-19 such as: rearranging the cafeteria, erecting partitions, ensuring distance in the workplace, equipping disinfectant, installing more hand washing sinks near the production workshop for workers to wash their hands regularly.

At the same time, the enterprise also equipped body temperature monitors, daily medical declarations and advised workers not to go to pandemic-affected areas during holidays and minimized the concentration of large groups.

Similarly, at Pob Huat Vietnam Co., Ltd., Song Than II Industrial Park, Di An city, Binh Duong, thanks to effective Covid-19 prevention and control measures, production is still stable under the new situation. Mr. Bui Hung Luan, Head of Import-Export Department, Pob Huat Vietnam Co., Ltd., said that all employees and visitors coming to work at the company have their temperature checked at the security gate. In the company canteen area, employees are distancing themselves, and collective activities are temporarily postponed.

Mr. Bui Minh Tri, Head of the Management Board of Binh Duong Industrial Zones, said that all businesses in the province's industrial zones have actively taken effective measures to prevent and control Covid-19 under strict guidance and control of health authorities to stabilize production and business development.

In recent days, under the wide spread of the disease in the community, the Management Board of the provincial industrial zones has propagated to businesses and workers measures to prevent and control the disease. Staff were also delegated directly to industrial parks to support and coordinate with local authorities to isolate foreign experts and workers from pandemic-affected areas with the determination not to let disease spread in industrial zones and communities.