With the good control of Covid-19, in 2020, Binh Duong has kept the area safe, stable and developing. Socio-economic targets of the province are completed at a fairly high level compared to the whole country. Industrial production in 2020 continued to maintain good growth, contributing to economic recovery of the province.
Despite many difficulties and challenges due to the Covid-19, the province's industrial production in 2020 maintained fairly good growth. In photo: Production activities at Thai Binh Investment Corporation.
To overcome difficulties
In 2020, socio-economic development targets of the province are very high, but the appearance of Covid-19 significantly affected. However, with fierceness, determination, creativity, and solidarity, Binh Duong has kept the area safe, stable and developing, provincial economic growth is in the group of cities having quite high growth rate.
Specifically, provincial Gross regional domestic product (GRDP) was estimated to increase by 6.91%; GRDP per person reached 151 million VND/ year (equivalent to US$6,500); economic structure of the province continued to shift towards increasing proportion of services, manufacture, maintaining and improving the value of agriculture in a reasonable way; export turnover was estimated at US$27.4 billion (up 8.5%); import turnover was estimated at US$21.4 billion (up 7.5%); provincial trade surplus in 2020 reached nearly US$6 billion.
Industrial production index of the province gained a good growth rate, especially the processing, manufacturing, electrical and electronic industries. The province implemented many policies and solutions to stimulate production, business, tackle difficulties, assist enterprises.
Accordingly, the province implemented the Central's guidance documents, actively grasped the situation, actively proposed solutions to remove difficulties for industries, manufacturing projects, especially processing and manufacturing industries; set up institutions, improved business investment environment, accelerated projects of sustainable industrial development, promoted investment in infrastructure construction, attracted more projects into industrial zones and clusters.
Drastic and comprehensive solutions to timely support and remove difficulties for businesses have boosted production, contributed to maintaining growth momentum of the province's industry. Index of industrial production (IIP) of the whole 2020 was estimated to increase by 8.02% over the same period last year. In which, manufacturing industry increased by 7.96%; production and distribution of electricity, gas, hot water, steam and air conditioning increased by 10.52%; water supply, waste and wastewater management and treatment increased by 14.5%.
Nguyen Thanh Toan, Director of provincial Department of Industry and Trade, said that besides supporting and creating favorable conditions for businesses, Department of Industry and Trade collaborated with Management Board of Provincial Industrial Parks to enhance investing and building infrastructure, attracting more production projects into industrial zones and clusters; strengthen the state management of land, create favorable conditions, support enterprises to develop production and business.
To accomplish the goals
Foreseeing the dangers of the Covid-19, the province developed and quickly implemented measures to prevent and control the epidemic from very early on. Provincial leaders fulfilled their duties assigned by the Government in welcoming Vietnamese citizens back and foreigners coming to work in the province, while ensuring absolute safety. The province's epidemic prevention and control measures and scenarios were higher and earlier than directed, ensuring flexible, creative and timely response and handling of arising situations. As a result, although the province had many risks of disease spreading, up to now, the province has kept it safe in all situations.
In addition, the province continued to improve the quality of investment and business environment, assisted businesses; enhanced on-site investment promotion, assisted investors and businesses from business registration to project implementation. The province also accelerated the construction of e-government towards digital government to reduce time and costs of businesses, expanded and enhanced the quality of public administrative services in the direction of modernization, enhanced the application of information technology, simplified procedures, built a modern, civilized administration to better serve enterprises.
As a result, State budget revenue in the province was estimated at VND59,700 billion, reaching 96% estimate of Provincial People's Council, up 1% over the same period. Total investment capital for social development was estimated at VND133,568 billion, up 11.6%. As of Nov 15th 2020, the disbursement value of public investment reached VND5,131 billion, completing 34.4% of the adjusted plan in 2020 and reaching 47.6% target assigned by the Prime Minister. Domestic investment attraction reached VND70,051 billion (an increase of 22% compared to the same period in 2019); Accumulated, the province has 48,456 registered businesses, total registered capital VND434,708 billion. Regarding foreign investment, in 2020, the province attracted an additional $1.85 billion of foreign investment capital. Up to now, the province has attracted 3,928 FDI projects with a total registered capital of over $35.4 billion.
In 2020, Binh Duong will continue to develop industry in combination with urban development, stabilize growth rate, and play an important role in promoting development of branches and fields. To prioritize the attraction and development of supporting industries, modern technology, environment-friendly and less labor-intensive, contributing to localization of products, build a list of occupations, attract investment in industrial sectors. Besides, the province will boost investment promotion and prepare good infrastructure to welcome large investors with long-term strategies.
In 2021, Provincial People's Committee identified 33 main targets in socio-economic development. Accordingly, to increase GRDP from 8.5 to 8.7%, to increase IIP by 9.2% compared to 2020. Total retail sales of consumer goods and services to increase 16%, export turnover to increase by 12% compared to 2020. Provincial total budget revenue to reach VND58,700 billion; total expenditure for local budget balance to be VND22,530 billion.
Reported by Ngoc Thanh - Translated by Ngoc Huynh
