In implementation of the Resolution of the 8th provincial Party Congress, Binh Duong’s industrial sector continued gaining good growth over the past five years. Noticeably, the local sector saw impressive figures in production value, infrastructure, investment attraction…
The province’s industrial sector between 2005 and 2010 continued seeing prosperity with the annual average growth by 20%, 2.5 times higher than that of 2005 and accounted for 63% of the local economic structure. The province’s industrial production value reached more than VND54.91trillion in the seven months of this year. With the result, it is expected that the province’s industrial production value this year will reach around VND105trillion, up 20.1% over the last year’s same period.
Automobile components being manufactured at DJV Co.Ltd.
According to development orientations for 2006 and 2010 period, the province’s industrial sector continued gaining stable growth in southern districts and step by step moved to northern districts, creating a harmonious picture of industrial development. Noticeably, the local sector still maintained growth between 2008 and 2010, despite the global economic crisis. This result was attributed by the efforts of the Party, Government at all levels and all people’s in realizing the Resolution of the 8th provincial Party Congress with many proper measures promoting the sector.
The province also attached special importance to well developing industrial infrastructure. So far, the province has had 28 industrial parks with nearly 9,000 ha in total, 2.7 times higher than that of 2005. There are now 1,200 businesses in operation, 1.8 times higher than that of 2005; the ratio of the land tenancy at these industrial parks also reaches 60% on average. The province has also developed 9 industrial compounds with more than 65 ha in total, 3 of which have been fully covered by investors. The development of province-based industrial parks and compounds has greatly contributed to investment attraction, rapid growth in industrial production value…
Thanks to open policies, well-built infrastructure…, the province continued obtaining positive results in terms of investment attraction. The province has so far lured 9,012 domestic investment projects with a total registered capital of more than VND60.72trillion and 1,966 FDI ones with a total registered capital of nearly VND13.5bln from businesses in 40 countries and territories worldwide. Specially, there have been many FDI projects with the great capital, size and high technologies. Foreign investment attraction on sharp growth is considered a good size as the foreign-invested sector has greatly contributed to the local development.
The above impressive results came from the high determination of the Party and Government at all levels and all people…in realizing the Resolution of the 8th provincial Party Congress. It is sure that they will create a strong and firm premise for the local Party, Government and people to carry out new tasks in the new context.
Reported by Trong Minh-Translated by K.T
