Ben Cat town’s economy in recent years has continued gained stable development, thanks to the support of the province together with flexibility of the local leaders.
Industry-services at high growth
Over the past time, Ben Cat town saw rapid development of industrialization and urbanization, greatly contributing to absorbing investors and promoting the local industrial sector. The town also well realized administrative reform, facilitating businesses’ development.
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A road in Ben Cat town’s My Phuoc ward with modern construction and investment
The town’s industrial production value in the first half of 2017 secured more than VND41trillion, up 18.6% compared to the corresponding period last year. The town’s State budget collection was estimated at more than VND770billion, up 30% against the same period last year. The town’s functional agencies also introduced jobs to 2,130 laborers or 53.25% of the yearly plan.
The town is now home to 8 industrial parks (Ips) with 4,030 hectares in total and 1 concentrated production zone of 47.7 hectares in Tan Dinh ward. So far, town-based Ips have been fully covered, generating jobs for more than 151,000 laborers. Businesses’ strong investment into industrial production has significantly contributed to the local socio-economic development.
The town has also created favorable conditions for economic sectors to make investment in trade-services. The town’s total retail sales revenue of commodities and services over the past six months was more than VND8trillion, up 37% over the same period last year.
Also during the period, the town absorbed 258 domestic investment projects with more than VND1.8trillion and 17 FDI ones capitalized at US$73million. The whole town has to date had a total of 2,175 domestic investment projects valued at more than VND25.1trillion and 540 FDI ones totaling more than VND5.8billion.
Further removing businesses’ obstacles
Huynh Thu Lap, Vice-Chairman of Ben Cat town’s People’s Committee said that along with results done over the past time, the town has still faced shortcomings on basic construction, urban order management, environmental pollution…for change.
He also added that the town will continue taking synchronous measures to remove businesses’ difficulties; boost capital disbursement as stipulated; concentrate on site clearance and compensation for key projects like those of Phu Thu crossroads, Tan Van-My Phuoc expressway…; sufficiently realize policies on social welfare, contributing to well carrying out the local targets on socio-economic development.
It is known that the town over the past six months absorbed 258 domestic investment projects with more than VND1.8trillion and 17 FDI ones capitalized at US$73million. The whole town has to date had a total of 2,175 domestic investment projects valued at more than VND25.1trillion and 540 FDI ones totaling more than VND5.8billion.
Reported by Thoai Phuong-Translated by K.T
