GRDP estimated to increase by 8.01%, socio-economic development
Binh Duong Provincial Electronic Information Portal reported that the Provincial People's Committee held its 76th meeting to approve the draft report on the socio-economic situation in 2024 and directions and tasks for 2025.
According to the report, in 2024, the province's socio-economic situation will maintain positive development and achieve positive results in all fields. Economic growth will have clear changes every month and every quarter, the economic structure will shift in the right direction, the proportion of industry and services will remain stable, reaching over 90% of the total economic scale.
Trade, service, import and export activities continue to grow. The environment to attract domestic and foreign investors has been improved. Social security policies, job creation and vocational training have been well implemented.
Gross regional domestic product (GRDP) is estimated to increase by 8.01%; GRDP per capita reaches 182.6 million VND; economic structure: industry - services - agriculture - product tax minus product subsidy with corresponding proportions of 64.83% - 25.06% - 2.73% - 7.38%.
Industrial production achieved a fairly good growth rate compared to the same period, key industries recovered positively and stabilized. The index of industrial production (IIP) is estimated to increase by 7.6% compared to 2023 (the plan increased by over 8.7%). Total retail sales of goods and service revenue is estimated at 352,000 billion VND, up 13.3% (reaching the plan to increase by 13-14%).
Import and export activities maintained a good growth rate compared to the same period. Export turnover reached 34.5 billion USD, up 12.7% (plan increased 9-10%); import turnover reached 24.5 billion USD, up 12.2% (plan increased 9-10%).
Key solutions for socio-economic development in 2025
The Provincial People's Committee has identified 36 main targets for 2025. In particular, GRDP is expected to increase by 8 - 8.5%; GRDP per capita is expected to be 195 million VND; economic structure: industry - services - agriculture - product tax minus product subsidies with corresponding proportions (63.81% - 26.34% - 2.66% - 7.19%); industrial production index (IIP) increases by over 8.7%; total export turnover increases by 9 - 10%; total import turnover increases by 9 - 10%; total state budget revenue in the area is 74,320 billion VND; attracting foreign direct investment of 1.8 billion USD...
To achieve the socio-economic goals set for 2025, the Provincial People's Committee has developed many key solutions.
In particular, priority is given to promoting economic growth to ensure stability of major balances. Continuing to restructure the economy towards improving productivity, quality, efficiency and competitiveness. Improving the business environment, promoting start-ups, innovation, developing collective and private economies. Increasing the mobilization and effective use of resources for synchronous infrastructure investment.
Regarding urban planning and development, improving the quality and effectively using human resources associated with promoting innovation, application and development of science and technology...
Accordingly, increase investment, consumption and export, restructure the economy towards innovation of growth model, improve competitiveness and sustainable development. Focus on developing digital economy, green economy, circular economy and night economy. Create a favorable environment to attract investment, especially in high-tech and potential industries such as semiconductors, innovation... Encourage businesses to invest in research and technology development.
Resolve difficulties in mechanisms and policies and promote the completion of key projects. Accelerate the disbursement of public investment capital from the beginning of 2025 and eliminate ineffective projects, prioritize resources for regional connectivity projects...
Industrial development is linked to urban infrastructure and international integration to promote other economic sectors. Accelerate the progress of major projects, attract investment in high technology such as semiconductor chips, clean energy, and artificial intelligence. The IIP target for 2025 is to increase by over 8.7%.
Develop a suitable industrial park network, especially green and ecological industrial parks, increase localization in supporting industries and participate in the global value chain. Attract strategic investors, form a key economic ecosystem...
Removing difficulties for businesses, implementing social security well
According to the Binh Duong Provincial Electronic Information Portal, Mr. Vo Van Minh - Chairman of the Provincial People's Committee requested all levels and sectors to focus on completing procedures to increase land revenue from industrial zones and clusters. Focus on increasing the allocation of revenue from public land auctions for public investment.
In addition, focus on removing difficulties and obstacles, promoting the disbursement rate of public investment in construction and compensation. Strive to complete the public investment target of 100% of the plan assigned by the Prime Minister in 2024 and recalculate capital sources and construction projects to prepare for investment in 2025. Strengthen the removal of difficulties and obstacles for businesses and people to promote socio-economic development; better implement social security policies.
