With a synchronous infrastructure system plus regionally connected traffic, administrative reform boosted, Ben Cat town has absorbed a large number of investors, promoting the local economic growth.
Stable growth
In the first half of 2020, Ben Cat town’s economy continued reaching stable growth with most targets fulfilled at around 45% of the set plan. The town’s total production value was more than VND70.73trillion, up 19.22% compared to the same period last year. The town’s industrial manufacture value was more than VND52.79trillion, up 16.5% against the same period last year…
Production of Kumho Tire Vietnam Co.Ltd. at Ben Cat town-based My Phuoc industrial park
The town also attracted additional 281 investment projects, comprising of 253 domestic investment projects capitalized at VND1.82trillion and 28 FDI ones with a total registered capital of US$115.7million, together with 42 increasing capital…So far, the town has absorbed 4,526 investment projects, including 3,800 domestic investment projects totaling more than VND39.79trillion and 726 FDI ones with US$7.5billion. Along with this, the town focused on taking support solutions for small and medium-sized enterprises (SMSEs). During the period, the town developed additional 113 SMSEs, lifting the total number of SMSEs herein so far to 2,141.
Over the past years, the town’s industrialization and modernization took place rapidly, contributing to luring more investors. The town’s industrial manufacture continued gaining positive results. The town also well realized administrative reform, helping enterprises feel secure for investment herein. Masaaki Takida, Chairman of Punch Industry Corporation in the My Phuoc 3 industrial park said that Japanese investors have spoken highly of the province’s investment climate. Punch Industry Manufacturing Co.Ltd. decided Binh Duong for investment because the province has a perfect infrastructure system at requirements of the company.
Effectively taking solutions
According to leaders of Ben Cat town, since early this year, the town has been proactive to put forward major solutions in order to fulfill the set targets. The town has attached special importance to administrative reform; coordinated with Becamex IDC to create the clean land fund and build up a synchronous infrastructure system. Over the past years, the town well realized issues on social welfare relating to education, healthcare, housing for laborers. The town also mobilized all economic sectors to build up a modern and spacious urban image. All helped the town lure more investors, creating a major motivation for the local socio-economic development.
Nguyen Trong An, Chairman of Ben Cat town’s People’s Committee said that the town will implement major solutions, including focusing on in-depth industrial development, giving priority to luring hi-tech and environmentally friendly investment projects…
The town will also brace up economic sectors to make investment in services, especially ones on banking-finance, transportation, entertainment, ecotourism; synchronously realize support solutions, creating favorable conditions for collective economic models; support enterprises to recover their production hit by Covid-19 pandemic; boost coordination among sectors, agencies and units in realizing entrusted tasks; enhance the effectiveness of administrative reform; strengthen sci-tech application in work…
With the above synchronous and appropriate solutions, it is hoped that the town will continue obtaining stable growth with the lives of locals improved.
Reported by Thoai Phuong-Translated by K.T
