Binh Duong’s economic recovery and development in the first quarter of 2022 had many positive and comprehensive changes in all fields, especially in industry, trade and service, export and import. attracting investment.

Comprehensive growth in all fields

Information at the Press Conference on the socio-economic situation in the first quarter of 2022 on the morning of April 1, a representative of Binh Duong People’s Committee said that in the first quarter, the province has drastically and urgently directed the implementation of the development plan. socio-economic in 2022 across industries and fields, along with the initiative to source raw materials, change the approach of enterprises (enterprises), Binh Duong’s economy has prospered, recovered quickly. in all fields, especially industry, trade in services, export and attracting foreign direct investment (FDI) achieved high growth over the same period. Specifically, the industrial production index increased by 7.2% over the same period in 2021. Enterprises have actively adapted to the new situation, taking advantage of opportunities to restore production and business activities. In which, many enterprises have supplied production materials and received orders until the second quarter of 2022, some enterprises have orders until the end of 2022. Total retail sales of goods and service revenue reached about VND 66,290 billion, an increase of 9.6% over the same period (in the first quarter of 2021, an increase of 8.7%).

Notably, import and export turnover continued to grow strongly over the same period, in which, exports reached more than 9 billion USD, up 9.8%, important export markets such as the US, South Korea, Japan, etc. Ban, Taiwan, and Hong Kong have prospered. Import turnover reached nearly 6 billion USD, trade surplus reached more than 3 billion USD.

Regarding investment attraction, domestic investment (until March 15, 2022) Binh Duong attracts VND 15,800 billion of registered capital for business. Up to now, the province has 55,267 domestic enterprises with a total registered capital of 546 trillion dong. As for attracting FDI, from the beginning of 2022 to March 18, 2022, Binh Duong has attracted nearly 1.7 billion USD (up 425% over the same period in 2021). Up to now, the province has 4,040 FDI projects with a total registered capital of 39.4 billion USD. Binh Duong also organized the groundbreaking of the Vietnam – Singapore Industrial Park III (VISIP III) and implemented procedures for the construction of Cay Truong Industrial Park and continued to remove difficulties and obstacles for industrial parks. In addition, Binh Duong continues to coordinate with relevant localities and units to research and propose to implement investment procedures for Ring Road 3, Ring 4, and Ho Chi Minh City Expressway. Ho Chi Minh – Thu Dau Mot – Chon Thanh. At the same time, promoting investment procedures for projects: My Phuoc – Tan Van, expanding National Highway 13 and intersections, static lifting of Binh Trieu 1 bridge.

Mr. Nguyen Van Danh – Vice Chairman of Binh Duong People’s Committee affirmed: “In the first quarter of 2022, the Provincial People’s Committee strongly and urgently implements the 2022 socio-economic development plan in all sectors and fields, At the same time, focus on solving difficulties and problems related to land, investment and business procedures, reforming administrative procedures, organizing a number of important events to create trust and excitement for businesses and people. people, contributing to the effective implementation of the Program on economic recovery and development under the Government’s Resolution No. 11/NQ-CP”.

However, besides many positive changes, quite comprehensive in all difficult areas, leaders of Binh Duong People’s Committee also acknowledged that there are still some difficulties. Specifically, the world situation has many complicated and unpredictable developments, especially the conflict between Russia and Ukraine, which has had certain effects on export and import activities, high raw material prices, etc. especially petrol prices.

In addition, there are obstacles in public investment that are focused on and removed, but progress in implementation and disbursement of public investment is still slow. Some power projects are slow to complete, affecting the supply for production and business…

Focus on implementing projects and plans to create driving force for economic development

Regarding the key tasks in the second quarter of 2022, Vice Chairman of Binh Duong People’s Committee said that Binh Duong continues to focus on implementing the Government’s Resolution No. 11/NQ-CP on economic recovery and development. Ministry, effectively with the program on prevention and control of the Covid-19 epidemic in the period of 2022 -2023; Research and develop a number of specific mechanisms and policies on: attracting labor resources, investment capital, industrial and urban development…

At the same time, proactively review, remove or propose competent authorities to remove problems related to land, construction, investment procedures, and hinder production and business activities. Continue to improve the investment environment, promote trade, call domestic and foreign investors with capacity, experience and financial potential with advanced and modern technology to invest in the province. Finalize the plan to generate revenue from the land fund to serve socio-economic development.

Along with that, Binh Duong urgently completes the socio-economic development plan, urban general planning at district level; implementing the selection of consultants, completing the outline of the planning of Binh Duong province for the period of 2021-2030, with a vision to 2050. Deploying the 3rd belt investment project (after the National Assembly approves the investment policy), widen national highway 13, My Phuoc – Tan Van road; coordinate with relevant agencies and units to study and implement the project implementation steps: belt 4, high TP speed. Ho Chi Minh City – Thu Dau Mot – Chon Thanh, An Tay port, extending the metro line from Suoi Tien station to Binh Thang ward – Di An city, Bau Bang – Thi Vai – Cai Mep railway line, static lifting of Binh bridge Million 1…

Soure: Bo Cong Thuong