In the face of the shift wave of the world’s supply chain after Covid-19 pandemic, as a main economic zone of the whole country, the southern key economic zone (SKEZ) needs to quickly take action with synchronous and appropriate solutions in order to make this opportunity come true.
Destination for investors
According to a report by the Ministry of Planning and Investment, Vietnam in the first five months of 2020 lured nearly US$14billion in FDI capital. With such growth, Vietnam is seen as a country with good confrontation amid the world economic recession caused by Covid-19 pandemic.
Among the country’s top four provinces, cities in FDI attraction in the first five months of 2020, there were 3 from the SKEZ, namely HCM city, Ba Ria-Vung Tau and Binh Duong. This is now also the country’s “engine” in export, trade surplus. According to the world’s economic experts, the SKEZ not only leads Vietnam, is but also an attractive destination for investors in the Southeast Asian region.
In his meeting with localities in the SKEZ, PM Nguyen Xuan Phuc stressed that the SKEZ plays an important role in the national economy. Hence, the region’s task this year is to strive to reach growth that is higher than the average level of the whole country as a motivation for Vietnam to reach high economic growth. Noticeably, each locality in the zone needs to improve the investment climate to be ready to welcome new investment waves…
Rapid action
Tran Thanh Liem, Vice-Secretary of provincial Party Committee, Chairman of provincial People’s Committee said that the SKEZ is a motivation for localities, including Binh Duong, to foster. Over the past years, Binh Duong attached special importance to improving the local investment climate, encouraging businesses to make investment, innovation and creation. The province has so far fulfilled its socio-economic infrastructure system, promoting urban-service development as the premise for smart city development. To welcome new investment waves, the province has continued reforming administrative procedures, promoting logistic services, improving the local investment climate…
The province has also coordinated with Dong Nai province to forward construction for Bach Dang bridge connecting Tan Uyen town with Vinh Cuu district; worked with Tay Ninh province to construct a bridge connecting Dau Tieng district with Duong Minh Chau district; teamed up with HCM city to expand the highway 13…
In terms of infrastructure development to increase the regional connection, the province has proposed the Government to soon allocate capital for the implementation of the belt street 3, the belt street 4, the HCM city-TDM-Chon Thanh expressway, the expanded highway 13. Mr.Liem said that Binh Duong has continued affirming its position in the SKEZ in particular and in the whole country in general…
In the 2016-2020 period, the province set a target of striving to attract US$7billion in FDI capital. As a result, the province lured more than US$11billion. The whole province has so far lured 40,000 domestic projects with total registered capital of nearly VND350,000billion and more than 3,800 FDI ones with total registered capital of nearly US$35billion. They mainly focus on industrial manufacture. Thus, the province’s trade surplus has increased constantly. Particularly, the figure was US$3.8billion in 2016, more than US$4.7billion in 2017, more than US$5.2billion in 2018, more than US$7billion in 2019. As of late 2019, the province’s industrial production value accounted for 66.8% of the local economic structure with State budget collection at VND57.3trillion.
Reported by Ngoc Thanh-Translated by K.T
