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, with a vision to 2050, aiming to transform it into a civilized and modern city.
Adhering to development orientation and objectives
Provincial People's Committee has recently approved the implementation plan for the effective execution of provincial Master Plan for the 2021–2030 period, with a vision to 2050 (briefly called the Provincial Plan). Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People's Committee stated that the plan aligns with the goals and directions of the Provincial Plan, concretizing the assigned tasks and ensuring compliance while inheriting national, regional planning programs and approved public investment plans. The implementation plan closely follows the four economic pillars: rapid, sustainable, comprehensive and inclusive development in industry, agriculture, urban areas and tourism.
“Binh Duong will mobilize and effectively use resources based on the principle that internal resources are fundamental while external resources are essential. The two will be tightly combined to generate optimal total resources. Public investment will lead private investment to create a breakthrough in attracting development capital and completing a strategic, synchronized, modern and interconnected infrastructure system”, said Mr. Minh. Additionally, Binh Duong will allocate investment resources with focus and priorities, in line with capital mobilization capabilities, ensuring efficient capital use and preventing corruption, wastefulness and misconduct. The province also emphasizes the proactive, creative and flexible role of local authorities in implementation; promotes decentralization in investment management to empower localities and sectors in executing the plan.
Unlocking investment resources
To achieve the average annual GRDP growth rate of 10% during the 2021–2030 period, Binh Duong plans to mobilize total social investment capital of approximately VND 2,204,038 billion. Regarding public investment projects, Binh Duong will focus on completing ongoing projects funded by public capital to maximize the effectiveness of projects, using public investment as a catalyst to activate social resources.
Mr. Minh stated that Binh Duong will prioritize infrastructure projects that have significant regional connectivity and wide-ranging impact, especially strategic transportation infrastructure as well as infrastructure for industry, science and technology, healthcare, education, culture, sports, information and social welfare. The province will also continue investing in technical and social infrastructure projects to meet socio-economic development needs, ensure social welfare, national defense, security, disaster prevention and climate change adaptation. At the same time, Binh Duong aims at developing industrial-urban-service belts and innovation centers linked to the three development zones identified in the Provincial Plan, ensuring a balanced and effective investment structure across sectors and localities while fostering social welfare and local economic development.
The province will seek investment for key projects in strategic sectors such as high-tech industry and agriculture, services and innovation. It will also research and propose breakthrough policies to attract strategic investors capable of leading and forming ecosystems in key economic sectors, thereby creating widespread economic momentum and enhancing the province's brand value.
To maximize social resources for development investment, Binh Duong will develop mechanisms and policies to encourage investment. Additionally, the province will continue promoting the socialization of education and training, healthcare, culture, sports, and environmental protection. Public-private partnerships (PPP) will be strengthened. The Provincial Competitiveness Index (PCI) will be improved and breakthrough policies will be established for strategic infrastructure development. Binh Duong will also focus on developing the private economic sector, especially large-scale enterprises, promoting connections between banks and businesses, supporting investors in improving capital efficiency.
Vo Van Minh, Vice Secretary of provincial Party Committee and Chairman of provincial People's Committee emphasized: “Binh Duong consistently prioritizes public investment projects to lead and drive sustainable socio-economic development. We are committed to administrative reform, simplifying procedures and promptly resolving overlaps and bottlenecks in project implementation”. The priority investment areas include core road, rail and inland waterway infrastructure; logistics infrastructure; infrastructure for urban areas, industrial parks, high-tech agricultural and forestry zones, centralized IT zones, science and technology zones, innovation centers; urban renewal zones and social housing development; healthcare and educational infrastructure and more. |
Reported by Minh Duy-Translated by Kim Tin
