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Industrial production continues to grow

Update: 05-07-2021 | 11:35:34

The first 6 months of 2021 passed in a particularly difficult context due to the Covid-19. Nevertheless, overcoming difficulties, Binh Duong fulfilled targets with comprehensive results in all fields, continued to sustain its high growth rate. This is an important basis for the province to confidently move forward in the remaining 6 months of 2021 and the following years with determination to overcome difficulties and strive to win development goals.

With the enthusiastic participation, determination, creativity, solidarity in direction, administration and implementation of tasks, over the first 6 months of 2021, Binh Duong's economy continues to maintain a high growth rate. In photo: Production activities at Thien Nam Investment and Development Joint Stock Company (Binh An Industrial Park, Di An City).

Impressive investment attraction

Despite a sharp decline in global and national investment due to the impact of Covid-19, over the first 6 months of 2021, Binh Duong's total FDI capital reached more than $1.4 billion (reaching 78.4% of the plan, up 46% over the same period last year). Binh Duong is ranked second in the country (after Ho Chi Minh City) in FDI attraction with 3,982 projects having valid investment registration certificates, with a total registered investment capital of nearly $36 ,8 billion.

Amidst numerous difficulties, foreign investors found that Binh Duong was still a good land for long-term development. According to many foreign investors, the reason for trusting and increasing investment capital in Binh Duong is because the province effectively controlled the Covid-19; provincial investment environment is strongly improved, businesses is placed in an increasingly higher position with guarantees of long-term interests, modern and synchronous infrastructure... This is a solid foundation for investors to confidently develop production and business in Binh Duong. But in order to have more and more large-scale and good projects, Binh Duong needs to continue to implement synchronously many solutions in the new situation.

Mai Ba Truoc, Director of provincial Department of Planning and Investment, said that during first 6 months of 2021, although there were many difficulties and challenges, Binh Duong's economic growth continued to have good news, particularly the result of FDI attraction was still in the top position of the country. Business community's confidence in growth opportunities and potential has been strengthened.

To prove inner strengths

According to provincial Department of Industry and Trade, the industrial production index of the first 6 months of 2021 was estimated to increase 8.23% over the same period in 2020. In which, the processing and manufacturing industry increased by 8.39%, which was also the industry that accounted for a high proportion in total production value of the whole industry (85%). The above results show that the recovery of manufacturing industry from the end of 2020 until now was achieved through the effective  implementation of solutions to control the pandemic, policies to support businesses, stimulate domestic market, open up foreign markets, and boost exports.

To overcome this crisis, many businesses proved their capability by developing adaptive solutions and other alternative business options. Kim Heun Tae, General Director of NTI Vina Company (VSIP 2), said that the provincial government actively supported his company during the difficult time. In particular, the province supported by tax reduction, creating all favorable conditions for purchasing materials for production. At present, although still being affected by the epidemic, the company maintains their production activities, uses many new trade methods and gained high number of export orders.

Looking ahead, Binh Duong however has opportunities to recover, create a strong bounce for the economy. Most opinions of enterprises through surveys were positive, such as production and business remained stable and tended to be better; the number of POs received, new POs including exports continued to increase… This result greatly contributed to the economic growth in the province, with a focus on industrial production as well as job security and stable income for workers.

Nguyen Thanh Toan, Director of provincial Department of Industry and Trade, said that in order to sustain the momentum of industrial production growth in the last 6 months of 2021, the implementation of measures to prevent control diseases and protect industrial zones is the top priority task. In addition to speeding up the construction of a safety map for disease prevention and control and the implementation of safe production criteria, Department of Industry and Trade asked Management Board of industrial parks and industrial clusters to inspect and request companies make self-assessment, self-review, and adjust their imperative tasks and solutions to both prevent control the disease while ensuring production and business.

Nguyen Hoang Thao, Deputy Secretary of Provincial Party Committee, Chairman of Provincial People's Committee, said that the province continued to record economic growth, GRDP of the first 6 months 2021 increased 7.23%; this proved the correct direction and administration of provincial leaders, the effective implementation of the "dual goal" of departments, branches, localities and business community. Notably, in the difficult time, Binh Duong's economy still achieved some good results in key areas, such as attracting foreign investment, export, industrial production; this shows that Binh Duong economy has high resilience and adaptability. With solidarity and consensus, Binh Duong would overcome difficulties, create synergy, make good use of resources, and gradually reach to prosperity.

Reported by Ngoc Thanh - Translated by Ngoc Huynh

 

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