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Thai Binh: First 6 months of 2017 sees sustainable development of trade, services, finance and banking sectors

The situation of trade and service sectors in the province in the first 6 months remained relatively stable. The production value of the service sector is estimated at VND10,748 billion, up 7.84% over the same period last year. Total retail sales of goods and services are estimated at VND15, 277 billion, a 9.6% year on year rise.

Most of the province's yarn products are exported to the Chinese market as the main raw material for the garment industry

Prices of basic goods and services have been relatively stable. CPI in June increased by 1.31% compared to December 2016; The average CPI of the first 6 months increased 2.21% over the same period last year.

Export turnover is estimated at $ 536.3 million, up 0.2%; Import turnover is estimated at $ 525.1 million, up nearly 1% over the same period. Some export items increased in volume such as: fiber, textile fibers with an increase of 9.16%; Ceramic products 13.16%; Computers and electronic components 9.02%. On the contrary, some export items decreased in volume such as: seafood down 34.2%; Rice 82.1%; Bamboo and rattan 23.2%; Wood products 21.9%; Textiles and garments 1.4% ...

Transportation, post and telecommunications services in the province have basically met the requirements of both manufacturing enterprises and local people. Shipping turnover is estimated at 2,078 billion, up 4.7% over the same period.

State administration of tourism has been strengthened; The total number of tourists in the first 6 months is estimated at 410,000 people.

Bank credit has witnessed a slight growth; Banking institutions have continued to mobilize capital and implement solutions to expand credit investments in parallel with strengthening credit quality management and lending for prioritized programs. It is expected that by June 30th 2017, the total mobilized capital of the whole province will reach VND 48,400 billion, up 13.5%; Total outstanding loans reached VND55,628 billion, up 8.1% over the end of 2016.

Total state budget revenue in the first 6 months is estimated at VND 9,314 billion, accounting for 68.3% of the estimate, of which domestic revenue is estimated at VND 3,095 billion, achieving 51.1% of the estimate, up 0.3% year on year. The total local budget balance is es

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