Hotline: 0274 383 347
Thursday, 12-6-25 14:52:22

Economics

Hotline: 0274 383 347

Contributing to reaching double-digit growth goal

In the first quarter of 2025, Ben Cat city focused on implementing solutions to accelerate the progress of key projects and public investment disbursement. At the same time, the city proactively addressed obstacles related to each public investment project, creating momentum to boost economic development and contributing to the province's efforts to achieve the 2025 goal of double-digit growth.

Positive economic performance

Nguyen Trong An, Vice Secretary of Ben Cat city’s Party Committee and Chairman of the city’s People's Committee stated that thanks to the strong direction from leaders of the city and the efforts of various sectors and localities, the city’s economy continued developing steadily in the first quarter of 2025. The city’s budget revenue and expenditure were promptly and effectively implemented from the beginning of the year, with total State budget revenue in the area achieving positive results. The city also excelled at preparing and completing the task of streamlining and restructuring specialized agencies under the management of the city’s People’s Committee. In addition, Ben Cat city’s 2025 Land Use Plan has been approved by provincial People’s Committee, serving as the basis for carrying out land-related procedures for key projects such as An Tay General Port and An Tay Urban Area.

Ben Cat city is making every effort to achieve its targeted growth plan for 2025. In picture: Tire production activities at Kumho Tire Vietnam Co., Ltd. in Ben Cat city

Notably, both domestic and foreign investors have continued placing their trust in Ben Cat city as a destination for building factories, expanding production and business activities. Specifically, the city attracted 57 new investment projects, raising the total number of projects in the area to 7,377. Among them, 52 were domestic projects with total capital of nearly VND 287 billion and 5 were foreign-invested projects with total capital of over US$ 18.8 million.

The city is focusing on accelerating the progress of compensation, site clearance and the 2025 public investment plan, particularly the preparation, appraisal and approval of contractor selection plans and land price approvals to support compensation and clearance efforts across the city. Officials have been assigned to monitor the progress of each project, from the investment preparation stage to final acceptance and operation. The city also promptly addresses any challenges within its authority or proposes them to higher authorities for resolution to ensure progress as planned. The city places strong emphasis on the disbursement progress of public investment capital, closely monitoring each project and proactively resolving obstacles under the public investment plan…These positive results contribute to propelling the city toward achieving its target of double-digit economic growth in 2025.

“The city is urgently completing the approval of land price units for compensation and site clearance for the province’s key projects passing through the area. We also continue promoting socialization, especially for transportation infrastructure and cultural facilities while pushing forward the implementation of compensation and site clearance efforts related to these projects”, said Mr. An.

High-level effort in site clearance

In the first quarter of 2025, as part of the effort to help the province achieve its double-digit growth target, one of the key drivers for economic stimulation has been the city's strong focus on directing and managing public investment projects and increasing the disbursement rate of public investment capital. In 2025, the city’s public investment capital plan amounts to over VND 765 billion. As of March 17, the value of disbursed public investment capital was nearly VND 33 billion, reaching only 5.8% of the planned target.

To help increase the disbursement rate of public investment capital, the city has concentrated on compensation and site clearance for key projects across the area. Specifically, the city has disbursed compensation for 1,409 cases across two major projects, with a total amount of over VND 1.871 trillion. Of the total figure, the project to upgrade and expand the road 748 through An Dien ward and Phu An commune accounted for 1,371 cases, with compensation totaling more than VND 1.829 trillion. The project to upgrade and expand the road from DH606 to the North My Phuoc belt road provided compensation for 38 cases, totaling over VND 42 billion.

According to leaders of Ben Cat city, the city has continued strongly directing departments and localities to develop solutions with specific implementation roadmaps to complete compensation, support and resettlement for residents affected by projects and works in the area. The focus is on key projects such as the Component Project 1 – site clearance for the Ho Chi Minh City belt road 4 section from Thu Bien bridge to the Saigon river; the drainage system project along the road 744 through Phu An commune and An Tay ward; the 220kV Tan Dinh 2 substation and connecting transmission line project; the North An Tay and Dong An Tay urban area projects.

From the beginning of the year to March 21, Ben Cat city’s total State budget revenue reached over VND 2.353 trillion, accounting for 37% of the 2025 target assigned by the province. Of the total figure, State budget revenue from local production and business activities exceeded VND 2.227 trillion while local State budget revenue reached over VND 626 billion.

Reported by Minh Duy-Huu Tan-Translated by Kim Tin

Concentrating on executing and investing in IPs development under established planning

According to the Binh Duong Industrial Parks Management Board, the Provincial People's Committee

Ensuring public safety against counterfeit goods

Counterfeit goods pose a serious threat, causing a range of negative consequences, including economic losses for businesses, risks to public health and the erosion of consumer trust.

Provincial leaders receive and work with MiTAC Group Chairman

On the afternoon of June 11, Bui Minh Tri, Vice Chairman of provincial People’s Committee received and worked with Su Liang, Chairman of MiTAC Group (Taiwan, China)

Efforts to build a civilized and modern city

With the goal of becoming a key development center in the Southeastern region, Binh Duong province has been actively implementing the local Master Plan for the 2021–2030 period

Bau Bang: Industrial development and effective investment attraction

Industrial development has significantly contributed to the transformation of the socio-economic situation in Bau Bang district.

Project No.06: Numerous benefits for citizens and businesses

The project to develop the application of population data, electronic identification and authentication to serve the National Digital Transformation for the period of 2022–2025,

Building brands, enhancing local products’ value

Through continuous efforts, production units in the province have increasingly strengthened consumers’ confidence in Vietnamese goods in general and local products in particular

Wood industry seeks new export markets

Confronted with unpredictable developments in the export market, businesses, particularly in the wood industry, are striving to implement flexible policies.

Being determined to complete compensation and site clearance for key transportation projects

Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, chaired an online meeting with relevant localities to assess the progress of compensation and site clearance

Banks' bond issuance soars threefold in first five months

During this period, bank bonds constituted 67.1% of the total issuances, overshadowing the real estate sector,

Enterprise - Brand

Company Social Media Net

Company VIETNAMNAY

Company HANEL MIROLIN

Company Keangnam - vina

Company HP Travel

Company Keloph