Binh Dinh Invest

Export over the last 8 months reduces 6.8%

30/08/2011

Over the last 8 months, theglobal economy has continued to be put at a disadvantage. The public debtcrisis in the USand EU countries and the soaring price of input materials have caused moredifficulties for enterprises in Binh Dinh. Also, though decreasing, the bankinginterest rate is still high, gold price and inflation are increasing, which hascreated pressure on production costs.

Over the last 8 months,the global economy has continued to be put at a disadvantage. The public debtcrisis in the USand EU countries and the soaring price of input materials have caused moredifficulties for enterprises in Binh Dinh. Also, though decreasing, the bankinginterest rate is still high, gold price and inflation are increasing, which hascreated pressure on production costs. Many enterprises are operating perfunctorilyjust to maintain their production and labour force.

Export turnover in August2011 only achieves USD 20.4 million, down 6.8% compared with the same period oflast year. The export over the last eight months is estimated to realize USD273.9 million, achieving 59.5%, down 2.1% compared with the same period in2010.

Import turnover in Augustis estimated to attain USD 12.6 million, up 8.6% compared with 2010.Accumulated import turnover over the last 8 months is around USD 80.1 million, achieving51.7% the year plan, up 21% compared with the same period in 2010.

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