In 2025, Binh Duong aims for double-digit growth, with enterprises playing a crucial role. The province requires departments, sectors and localities to continue accelerating administrative reforms, focusing on improving the investment environment, enhancing competitiveness and creating the most favorable business conditions for enterprises to thrive.
Building trust, creating motivation
In the first days of 2025, Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People's Committee chaired a meeting with provincial industries associations and foreign investment associations. During the conference, provincial leaders, along with representatives of departments and sectors, listened, discussed contributions, proposals and recommendations to promptly address difficulties and obstacles. They also introduced policies and solutions to create a favorable environment for business and production activities while strengthening cooperation between local authorities and the business community, driving momentum to achieve double-digit growth.
In addition to direct dialogue conferences with businesses, provincial leaders have conducted field visits to ongoing projects across the province. Recently, provincial leaders, along with departments and local authorities, have continued reviewing challenges and obstacles in investment projects to remove barriers and accelerate the implementation of the project. Recently, provincial delegation, led by Bui Minh Thanh, Vice Chairman of provincial People's Committee, visited, encouraged and resolved difficulties in production and business activities at Polytex Far Eastern Co., Ltd. in Bau Bang district and Kumho Vietnam Co., Ltd. in Ben Cat city.These efforts reaffirm the province's strong commitment to improving the investment and business environment. Both domestic and foreign businesses have high expectations and increased confidence in the first days of the new year.
Discussing with provincial leaders about the implementation of the company's Phase 3 investment expansion project, Yeh Ming Yuh, General Director of Polytex Far Eastern Co., Ltd. expressed appreciation for Binh Duong's efforts and determination in improving the investment and business environment. He also highlighted the local government's dynamism in attracting new investors and its timely support solutions for businesses.
With the motto of “The success of investors is the success of the province” and the goal of remaining a promising investment destination, Binh Duong is not only accelerating infrastructure development and drastically improving the investment environment, but also creating favorable conditions for businesses to operate efficiently and sustainably. Vo Van Minh, Chairman of provincial People’s Committee emphasized that businesses and investors are key drivers of the province’s socio-economic development. Binh Duong hopes that investors will continue collaborating with the province in achieving the goal of double-digit growth in 2025 and the following years.
Strongly improving investment environment
Under the Directive No. 53-CT/TU dated February 21, 2025 on focusing on leading and directing the implementation of tasks and solutions to achieve double-digit economic growth in 2025, along with focusing on strongly implementing administrative procedure reform and improving the investment environment, provincial Party Standing Committee has requested to quickly consolidate provincial People's Committee's Steering Committee to remove difficulties for businesses, ensuring substantive and effective operations. Every Monday, the Party Committee of provincial People's Committee must synthesize and report the results of solving difficulties for businesses and propose to provincial Party Standing Committee for guidance on issues beyond its authority.
Provincial Party Standing Committee emphasized that both immediate and long-term solutions must focus on unlocking and maximizing social resources for investment and development as planned. Efforts must be concentrated on resolving difficulties related to land procedures, construction and business operations, particularly in land valuation, site clearance... Creating favorable conditions for the swift implementation of projects and business plans across all economic sectors will help accelerate the disbursement of public investment and private sector’s capital, thereby generating a synergistic force to drive economic growth.
2025 is expected to bring both opportunities and challenges that will impact the province's economy. The goal of achieving double-digit growth is ambitious and challenging, but it reflects Binh Duong’s strong aspiration and determination to break through and reaffirm its position as one of the country’s economic engines. Mr. Minh emphasized that supporting and accompanying businesses has always been a key priority for Binh Duong. As the province aims for double-digit growth in 2025, provincial leaders hope that the business community will further strengthen its role and mission in driving the province’s socio-economic development. High growth will, in turn, create more opportunities for sustainable investment and business expansion.
2025 marks the final stretch of the 2021-2025 Socio-Economic Development Plan and serves as a pivotal year for acceleration and breakthroughs, laying the foundation for the 2026-2030 development phase. The province’s strong commitment to improving the investment environment, along with drastic actions of provincial Party Committee, government will create momentum and confidence for Binh Duong to strive to complete its double-digit growth target in 2025 and the coming years.
Provincial Party Standing Committee’s Directive No. 53-CT/TU, dated February 21, 2025, on leadership and guidance to achieve double-digit economic growth in 2025 has asked for departments, sectors and localities to strongly implement administrative reform and digital transformation; regularly review and decisively eliminate local regulations and procedures that hinder businesses while promptly proposing adjustments to higher authorities for outdated regulations; cut administrative processing time by 50% compared to current regulations, ensuring an more transparent and favorable investment environment…
Reported by Ngoc Thanh-Translated by Kim Tin
