Import and export activities flourish
In the first 9 months of 2024, Binh Duong province has implemented many synchronous solutions to promote socio-economic development. Notably, the Provincial People's Committee has implemented activities focusing on promoting business production. The efforts of the local government have actively supported businesses to achieve higher results, promoting the industrial production index to continuously increase.
Assessing the economic development results of the province, Mr. Nguyen Thanh Toan - Director of the Department of Industry and Trade said that industrial production activities in the first 9 months of the year have improved a lot, and the province's key export industries have gradually recovered.
Import and export activities have many advantages, with export turnover estimated at more than 25.6 billion USD, up 13.7% over the same period in 2023. Import turnover is estimated at 18.2 billion USD, up 13.4%.
In 9 months, Binh Duong attracted 58,988 billion VND of domestic registered capital (85.7% of the same period) and 1.56 billion USD of foreign investment capital (86.86% of the plan, equal to 94.1% of the same period).
Up to now, the whole province has 71,776 domestic enterprises with a total registered capital of 786,000 billion VND and 4,347 foreign-invested projects with a total registered capital of 42 billion USD.
Economy grows 7.05%, budget revenue 51,014 billion VND
According to the report of Binh Duong Provincial Party Committee, in the first 9 months of 2024, out of 20 socio-economic and Party development targets, up to now, 6 targets have met and exceeded the annual plan, 9 targets have reached over 65% of the annual plan, the remaining targets will be evaluated at the end of the year.
Notably, the province's economic growth rate in the first 9 months is estimated to increase by 7.05%. Production and business activities of enterprises have changed positively, key export industries have gradually recovered and have returned to export orders.
The industrial production index (IIP) for the first 9 months is estimated to increase by 6.31% (up 4.2% over the same period last year). Total retail sales of goods and service revenue for the first 9 months is estimated at VND255,099 billion, up 12.7% over the same period last year, higher than the whole country (8.5%).
Budget revenue was 51,014 billion VND, reaching 71% of the adjusted estimate assigned by the Provincial People's Council and 79% of the estimate assigned by the Prime Minister, up 16% over the same period.
Total budget expenditure was 11,832 billion VND, reaching 39% of the adjusted estimate assigned by the Provincial People's Council, equal to 82% of the same period.
Disbursement of public investment capital by October 1, 2024 is VND 6,621 billion, reaching 31.5% of the plan assigned by the Provincial People's Council and 43.3% of the plan assigned by the Prime Minister.
Striving to rise up and affirm the role as one of the economic locomotives
At the 37th meeting of the Executive Committee of the Binh Duong Provincial Party Committee, term XI, term 2020-2025 (expanded) held on the morning of October 3, Mr. Nguyen Van Loi - Secretary of the Binh Duong Provincial Party Committee requested the Party committees and authorities to seriously review Binh Duong's targets, draw lessons to overcome, strive to rise up, and affirm its role as one of the economic locomotives of the whole country.
Speaking at the conference, Mr. Mai Hung Dung - Permanent Vice Chairman of Binh Duong Provincial People's Committee requested that sectors and levels should not be negligent or subjective; need to closely follow the situation, be proactive and resolute in directing, operating, supporting production and business, promoting socio-economic development.
In particular, focus on reviewing and removing difficulties and obstacles for businesses. Strengthen trade promotion activities, expand export markets, and develop the domestic market to consume products. Complete the project to relocate businesses located outside industrial parks and clusters in the South to industrial parks and clusters.
