The southern province of Binh Duong targets an export growth of 15.5 percent this year, according to Director of the provincial Department of Industry and Trade Nguyen Van Danh
Speaking at a conference to launch 2019 tasks on January 28, Danh said Binh Duong also aims for a 9.5 percent rise in the Industrial Production Index (IPI) and a 10.6 percent growth in the service sector’s added value, while its goods retail value is hoped to increase by 18 percent.
Vice Chairman of the provincial People Committee Mai Hung Dung said the local industry and trade sector need to focus on building policies to support and encourage businesses, especially small and medium-sized enterprises (SMEs), to operate in industrial clusters.
Trade promotion activities should be promoted, especially those to introduce farm products, he said, adding attention should also be paid to assisting trade associations, helping them fine-tune their activities, he added.
According to the department, Binh Duong recorded remarkable achievements in industrial production and export growth in 2018. It is always one of the five localities leading the nation in industrial production and export.
Its IPI increased by 9.79 percent in 2018, up 0.79 percent compared to the set plan. The manufacturing and processing industry is the main contributor to the locality’s growth, accounting for 98 percent of industrial production value.
Binh Duong earned nearly 25.3 billion USD from export in the year, up 15.6 percent against 2017.
The locality’s total retail value of goods and service revenue hit 191 trillion VND, 18 percent higher than that of the previous year.