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Binh Duong: Socio-economic recovery, continuing to attract FDI In 2021

Binh Duong province and the whole country have to go through a difficult period due to the epidemic. With flexible and timely solutions, the province has removed difficulties for businesses to do business. Currently, Binh Duong’s economy is on a strong recovery track, continuing to be an attractive destination for investors.

The epidemic is under control, the economy recovers

According to the report of Binh Duong province, the province has a population of over 2.5 million people, when the epidemic occurred, 285,000 people had COVID-19. Medical facilities have treated over 280,000 people who have been cured and discharged from the hospital. Binh Duong Department of Health said that the province has vaccinated against COVID-19 about 4.26 million doses. Thanks to high vaccine coverage, the rate of infection, serious illness and death are all reduced. Up to now, the epidemic has been basically controlled and people’s lives have returned to normal.

Looking back at the process of both epidemic prevention and economic development, Mr. Nguyen Loc Ha – Vice Chairman of Binh Duong Provincial People’s Committee said that in 2021, the province’s socio-economic development will take place in the context of the country’s general difficulties, as well as in the current situation. must make efforts to prevent and control the epidemic, ensure the health of the people, and at the same time strive to maintain social stability and economic development.

 

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Especially, from the beginning of July, 2021, the situation of COVID-19 epidemic broke out strongly and spread rapidly in the province, the province had to implement a blockade, social distance, even “lock down and freeze” in the province. 15 wards are densely F0, the economy is severely affected, production and business activities are halted, people’s health is threatened, people’s lives face many difficulties. Binh Duong province had a flexible solution, promptly controlled the epidemic, entered recovery in the direction of safe and flexible adaptation, basically completed the socio-economic development plan to the highest possible level.

Binh Duong province’s economy continues to recover strongly, attracting foreign businesses to invest.

According to Binh Duong Provincial People’s Committee, the province’s gross product in 2021 is estimated to increase by 2.62%. Industrial production increased by 4.5%. Total retail sales of goods and services increased by 3.4%. Export and import of goods increased higher than the same period and exceeded the set plan. The trade surplus continued to be maintained at US$6.8 billion. This is a low growth rate compared to the plan, but in the context of the epidemic situation, this growth rate is positive, reflecting the efforts of state agencies and the business community in the area. conscious.

Continue to be an attractive destination for foreign investors

 

invest Binh Duong

Despite the impact of the epidemic, Binh Duong province continues to take measures to improve the business investment environment. Create favorable conditions to best support investors and businesses. During the epidemic, Binh Duong province was always interested in foreign investors. The province constantly meets with businesses to listen to recommendations and promptly remove difficulties for businesses to organize production and business. Thanks to that, right after the 4th epidemic, over 85% of enterprises in industrial zones quickly reopened production.

Believing in the development of Binh Duong province and the business environment, many large foreign enterprises decided to register to invest in Binh Duong even during the epidemic. According to Binh Duong Department of Planning and Investment, until November 2021, Binh Duong has attracted 59 new projects, 23 capital adjustment projects and 155 investment projects in the form of capital contribution/share purchase with a total investment capital. registered investment of more than 2 billion USD. Up to now, the whole province has 4,008 investment projects from 65 countries and territories with a total registered capital of 37 billion USD. Currently, Binh Duong is ranked second in the country in terms of attracting foreign investment after Ho Chi Minh City.

Binh Duong province’s economy continues to recover strongly, attracting foreign businesses to invest.

Recently, Binh Duong province continues to organize promotion activities, calling for foreign investment. Leaders of Binh Duong province directly participated in online conferences calling for Japanese, Korean, and American investors… to invest in business in Binh Duong province.

Mr. Vo Van Minh – Chairman of Binh Duong Provincial People’s Committee said that the province is attracting investment in the fields of high technology, financial services, logistics, supporting industries, and high-tech agriculture. Province Binh Duong invites foreign agencies and businesses to continue to come to Binh Duong to explore investment opportunities. The province is committed to always accompanying, supporting and creating the most favorable conditions for investors.

Source : Lao Dong Tre