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Economics

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Commerce – service develop comprehensively, diversely in Thu Dau Mot City

From a small town, Thu Dau Mot is now a young city develops comprehensively with modern, comprehensive infrastructure. Commerce and service are progressing rapidly and properly, contributing to bring Binh Duong City become a type I city in the future. Commerce – service in TDM City enhances comprehensively, diversely with many modern supermarkets, shopping centers. Image: BigC supermarket in TDM City To implement program Developing high-quality service of TDM City in period 2011-2015, in vision till 2020, during 2006-2011, TDM City made many investments in infrastructure, innovated traditional markets, accumulated clean lands, and implemented preferential policies to attract investments in service sector. Many great achievements were obtained. Service proportion by 2011 made up 60.8% of economic structure, average GDP growth of service sector was 27%. During 2011, service value of TDM City reached VND7,212bln, increased 30.7% compared to the previous year and 4 times compared to 2006.Commerce – service sector comprises 9,450 economic entities (85% higher compared to 2006). TDM City has now 9 supermarkets, 2 shopping centers, innovated 10/13 traditional markets. Export turnover in 2011 achieved $384.5mln, increasing more than 13% compared to previous year and 2 times compared to 2006. Export market expands up to 15 countries. There are 28 bank branches, 4 credit funds. Total outstanding loans reaches VND9,000bln, increasing over 23% annually.Tourism, telecommunication and other services develop progress gradually. The City has now 9 business providers of telecommunication services, 190 receiving , transmitting stations of mobile wave, mobile using rate is 42.23 out of 100 people. Bodies, offices are well equipped with IT apparatuses. Transportation, logistics enhances, serves well transportation demands. Director of Viettravel – Binh Duong branch assessed: “Binh Duong is an active province with developing economy, crowded population, and many attractive tourist areas. In 2013, Binh Duong is an attractive market for individual tourists, thus tourism service develops well”.In addition, many services of real estate, housing, securities and others emerge and develop sustainably. TDM City People’s Committee Chairman Mr. Nguyen Thanh Tai said: “TDM City needs to make an overall transformation in socioeconomic fields and people’s live. Economy should develops sustainably, speed up service sector correctly”.Reported by Phuong An – Translated by Ngoc Huynh
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