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Economics

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To focus on reform to ensure sustainable growth

 Over the first 5 months of 2021, Binh Duong province achieved a growth of 8.04%, this is a high increase compared to other localities while the COVID-19 context is having a negative impact on the socio-economic conditions.  In particular, the provincial competitiveness (PCI) in 2020) of Binh Duong has made a strong breakthrough.

The achievements of Binh Duong's PCI index in 2020 are an important foundation for creating a breakthrough momentum in 2021 and the following years. In the photo: Production at NTI Vina Co., Ltd (VSIP II Industrial Park)

 A good transformation

 As a result, many barriers to investment and business activities have been removed, the indicators and criteria for ranking competitiveness, the efficiency of governance and public administration of the province in general have been improved, creating a favorable environment. favorable conditions to promote socio-economic recovery and development.

In 2020, Binh Duong rose from the 13th in 2019 to the 4th position out of 63 provinces and cities in the PCI ranking, gained 70.16/100 points, belonged to the "Very Good" group. Notably, Binh Duong and the whole country went through 2020 and first months of 2021, overcame many challenges and disadvantages caused by the Covid-19 epidemic. The determination and strong drastic actions helped Binh Duong consolidated its position as one of the leading localities in many fields, including the PCI.

In the first months of 2021, the province's economy recovered quite quickly, despite having been facing very complicated developments from the Covid-19 epidemic. In the first 5 months of 2021, the industrial production index is estimated to increase by 8.04% over the same period; total retail sales of goods and services increased by 11.3%; export turnover is estimated at 14 billion USD 021 million, up 49.1%; import turnover is estimated at 10 billion 800 million USD, up 40.4%; attracting foreign direct investment capital is estimated at over 1.25 billion USD… The above results show that, besides the initiative and quick adaptation of the business community in the area; It also shows that the solutions that the province has tried to implement have brought into practical effect.

According to Mr. Gricha Safarian, General Director of Puratos Grand-Place Vietnam Co., Ltd (VSIP I Industrial Park), Binh Duong is still a land with many promises to bring development to economic groups and businesses both in domestically and internationally. Especially when the infrastructure system of the province is continuously invested and perfected. Besides, the province's open and transparent mechanisms and policies, especially on administrative procedure reform, and improving the business investment environment have attracted the attention and interest of investors. Therefore, it is certain that in the coming time, many investors from developed countries will come to Binh Duong.

Further improvement

Mai Ba Truoc, Director of the Department of Planning and Investment, said that with the determination to build a government that serves, taking businesses and people as the center, over the past time, administrative reform and improvement of the investment environment have been carried out. , business is identified as an important stage. In order to further improve the business investment environment, continue to maintain the PCI index at a high rank in 2021, the Provincial People's Committee also requires units to continue mobilizing resources to invest in infrastructure. modern, especially the transport infrastructure connecting the provinces in the southern key economic region. Implement the Binh Duong Smart City Project in association with the construction of an Innovation Zone; regularly organize meetings, meetings and dialogues with enterprises to promptly remove difficulties and problems; doing well in social security work…

Not only expressed through rankings or component indexes, Binh Duong's efforts are also shown through the drastic and close management and direction of the provincial leaders. Typically, in 2020 and the first months of 2021, in the face of complicated developments of the Covid-19 epidemic, the province has directed the drastic implementation of urgent tasks and solutions to effectively implement the "goal of dual" in both disease prevention and control, people's health protection, and socio-economic recovery and development.

Mr. Nguyen Hoang Thao, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, said that with the determination to build a government that serves, puts businesses and people at the center, administrative reform, and improves the investment and business environment. Business is always the province's top concern. “However, in the context of increasingly exciting economic integration, the results of improving indicators nationwide are very fast, Binh Duong needs more efforts and determination. The results achieved recently are also the luggage for us to complete the tasks set out in 2021 and the following years with stronger aspirations, goals, determination, reform and breakthroughs”, emphasized Mr. Nguyen Hoang Thao.

The Provincial People's Committee has just issued a plan to improve the business environment, investment environment, and improve the PCI index in 2021. The Provincial People's Committee requires departments, branches and localities to focus on a number of key tasks and improve them. business and investment environment following the digital transformation model towards digital economy development, the province's PCI index continued to maintain, increase scores and rank up year by year; strives to become a leading destination in terms of investment attraction, innovation, scientific and technological development and creating an equal and safe business environment.

Reported by Ngoc Thanh – Translated by Ngoc Huynh

 

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