Up to this point, the Covid-19 epidemic has been greatly affecting the economy of our country, including Binh Duong. However, the good news is that the province's export turnover in the first quarter of 2020 still kept the growth rate, reaching 5.8 billion USD, up 3.6% over the same period in 2019. This bright spot is the basis to believe that the economy of the province will overcome the current difficult period.
Enterprises strive to maintain operations and overcome difficulties in epidemics. In the photo: Manufacturing mechanical and electrical machines in Nam Tan Uyen Industrial Park. Photo: Xuan Thi
To overcome difficulties
The Covid-19 epidemic has caused many socio-economic (socio-economic) problems in the province. Affected by the long-lasting Covid-19 epidemic, in the first quarter of 2020, the province's economy grew but slowed down, all economic development indicators had growth but the speed decreased compared to the same period of the year. 2019. In particular, the provincial budget revenue is 28% of the estimate, but excluding a sudden increase in revenue, the revenues, especially revenue from the business sector are lower than with the same period. The problems in public investment are focused on directing to solve, but some projects and projects are still behind schedule and last long; registered capital for domestic business, attracting foreign investment decreased compared to the same period in 2019, the number of enterprises having difficulties in dissolving increased 63%.
Some areas were facing difficulties due to the impact of epidemics such as domestic trade import and export, and tourism activities ... Some businesses faced difficulties due to dependence on foreign experts and imported raw materials from China, followed by moderate production and business activities; Some businesses, especially small and medium-sized enterprises, have to temporarily suspend or narrow their operations, significantly affecting the local socio-economic development. Service - trade is also affected, import and export tax is reduced over the same period, the situation of underemployed labor, unemployment is showing signs of increase, many foreign programs and activities have to be canceled or temporarily canceled... All of which shows that the epidemic situation has a great impact on the socio-economic development of the province.
Facing this situation, Binh Duong has been strengthening effective solutions to help businesses stabilize production and business. Recently, the province has issued an action plan to remove difficulties for production, business, social security, and coping with Covid-19 epidemic in the province. The focus is on promptly solving difficulties and obstacles for businesses. All levels and sectors of the province continue to promote administrative procedures reform, improve business environment, expand import and export markets, effectively implement preferential policies (tax, credit, land,…).
Mr. Tran Thanh Liem, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, affirmed that the deployment of solutions to remove difficulties for production and business is an urgent task in the current period of the province due to the epidemic situation. Covid-19 disease is happening very complicatedly. In the spirit of "fighting against epidemics like fighting against the enemy", the province focuses on implementing the "dual task" of both preventing and fighting against epidemics and developing socio-economy. In particular, focus on a number of specific tasks and solutions such as timely deployment of mechanisms and policies to support businesses; remove difficulties for businesses affected by disease; promote production for industries less affected by disease; focus on removing difficulties to accelerate the progress of key projects of the province, urgently disbursing for the projects with eligible; effective implementation of a group of financial solutions, bank credit and taxes, thereby creating favorable conditions for businesses to maintain and develop production; maintain labor, employment and ensure social security; well implementing administrative procedure reform; well performing the inspection and examination to ensure stability of the market for supply and demand of goods; support and create conditions for enterprises in the prevention and control of epidemics.
To act on time, in detail
Despite facing many difficulties due to the situation of Covid-19 epidemic, but with the drastic direction and administration of the province, the efforts of the business community and the people, Binh Duong is well controlling the epidemic situation and parallel implementation of economic growth solutions. As a result, before the "waves" affected by Covid-19, in the first quarter of 2020, Binh Duong's economy still had bright spots. The province's economy continued to grow, all socio-economic indicators increased over the same period.
From these initial efforts and results, the province is still determined to strive for economic growth in 2020 from 8.6- 8.8%. To accomplish this goal, with the participation of the entire political system, Binh Duong has been drastically implementing solutions to gradually overcome difficulties, stabilize the life situation, make full use of all available advantages to ensure the progress of socio-economic development tasks, maintain stable growth. Besides, Binh Duong also proactively develops economic growth scenarios. In each scenario, the province envisages and predicts specific situation, makes appropriate policies, ensuring the highest objective of anti-epidemic priority associated with economic development, striving to complete the targets of 2020.
(to be continued)
Reported by Ngoc Thanh – Translated by Vi Bao
