In the first nine months of 2012, Binh Duong’s economy continued achieving good growth. This will be a premise for the province to successfully realize tasks in 2012 and in the following years amid economy seeing signs of recovery and preparing to welcome a new investment wave.
Growth in industrial production
Thanks to the integral efforts by the Government, provincial People’s Committee and enterprises, Binh Duong’s industrial manufacture has further maintained growth in the first nine months of 2012.
The province’s industrial
production value was estimated at VND95.212trillion in the first nine month of
2012, up 12.7% compared to the corresponding period or 65.5% of the year’s
plan. Of these, the domestic investment sector achieved VND29.6trillion, up
11.3% while the foreign investment sector gained VND65.612bln, up 13.3%. 
In September alone, the province’s industrial production value reached more than VND12.9bln, up 6.6% compared to the previous month. Of these, the domestic investment sector gained VND4.02trillion, up 4.8% while the foreign investment sector achieved VND8.905trillion, up 7.5%.
According to statistics from provincial Department of Industry and Trade (DoIT), the province’s export turnover over the past 9 months amounted to nearly US$8.3bln, a year-on-year increase of 16.1% compared to the corresponding period last year or 9.8% of the country’s total export turnover. Some key export products like woodwork, garment and footwear gained high growth by 9.7%, 3.3%, 12.9%..., respectively.
Noticeably, Binh Duong’s excess of exports and imports over the past nine months was estimated at more than US$1.47bln. This has helped Binh Duong become one of the country’s localities with the highest trade surplus.
Thriving investment attraction
Over the past 9 months, Binh Duong absorbed additional VND9.919bln in domestic investment capita. The province is now home to 13,140 domestic investors with a total investment capital of VND101.439bln.
Binh Duong has set 2012’s target of absorbing more than US$1bln in FDI capital. But, the province drew additional US$2.4bln over the past 9 months. The figure has brought the total number of FDI projects flowing to the province so far to 2,096 with a total investment capital of more than US$17bln. The positive result in FDI attraction has also showed that Binh Duong is still an attraction destination for investors.
Mai Hung Dung, Director of provincial DoIT said that thanks to having an abundant land fund and administrative procedures reformed, Binh Duong has maintained growth in FDI attraction over the past time. For sustainable development, Binh Duong will give priority to industries with high added value, high technologies and environmental friendly ones as well as large-scale services that are able to be promoted at home and abroad.
With the above efforts, it is believed that Binh Duong’s investment attraction will further make breakthroughs in the coming time.
Reported by Trong Minh-Translated by K.T
