Linking industrial development in the southern key economic region - Binh Duong, an important contributor

The industry is located in the southern key economic region. Binh Duong is one of the dynamic localities of the region, making important contributions to the economic development of the whole region as well as the whole country.

The most important industrial region in the country

According to the assessment, the greatest strength of the southern key economic zone is industrial development. At present, the system of industrial zones stretching across provinces and cities in the region has made this area the largest industrial zone in the country and attracts many foreign investment projects, Hi-tech Park, Quang Trung Software Park, Vietnam-Singapore Industrial Park ...

At present, in the world, the trend of high technology development is more and more popular, so the southern key economic area can take advantage of the above advantages to attract capital for the development of high-tech industrial zones. . With the establishment of concentrated industrial zones and the development of spearhead industries such as information technology, chemicals, oil and gas exploitation and processing, it has created a stepping stone for industrialization not only of but also the whole country. The economic structure of the whole region has changed rapidly and in accordance with the tendency of reducing the proportion of agriculture - forestry - fishery and industry - construction in GDP, gradually increasing the proportion of the region services in GDP. In 2016, total retail sales of consumer goods and services reached VND1,289,806 billion, accounting for 31% of the country.

Binh Duong has an important contribution to industrial development in the southern key economic region. In picture: Production line of Kolon Industries, Bau Bang Industrial Park. Photo: Phuong Le

In addition, the production efficiency of the whole region is improved in quality and quantity. The region has mobilized investment resources; The investment environment has been considerably improved and has attracted many domestic and foreign projects. So far, the southern key economic region is leading the country in attracting foreign direct investment (FDI). The number of projects, FDI inflows has increased steadily. For regional cooperation to improve infrastructure, especially transport infrastructure, the localities in the region have created positive changes in the attraction of the head.

To promote industrial development

Located in the heart of the Southern Key Economic Zone, Binh Duong is one of the most attractive and attractive destinations for foreign investors. The province has 28 industrial parks, total planning area of ​​9,093.25 hectares and industrial clusters are distributed in the districts, towns and cities of the province. The establishment of industrial parks and clusters has helped the socio-economic development of the province in recent years, especially in the field of industrial production. Binh Duong has become one of the provinces with high industrial development rate in comparison with the whole country. The province's industry has developed in the past years with high speed, stability, in accordance with the orientation of socio-economic planning and industrial planning; Industrial production value has always maintained 18-21% in the industrial structure of 8 localities in the southern key economic region.

Over the past few years, the share of the industry and services in Binh Duong in GDP has increased over the years. Specifically, in the province's economic structure in 1997, the proportion of agriculture-forestry-fishery decreased from 22.8% to 3.74% in 2017; The proportion of industry and construction increased from 50.4% in 2000 to 63.99% in 2017.

At the same time, the province has attracted many economic sectors involved in industrial production activities. Especially, the province has succeeded in attracting a large number of foreign investors and developing the industry. This economic component has grown rapidly and together with the non-state sector has developed quite well, serving as a driving force for the province's industry to continue to grow steadily. To date, more than 60 countries and territories have invested in the province, including more and more transnational corporations and companies with financial and investment capabilities in the province.

In December 2013, the provincial People's Committee approved the master plan for industrial development in Binh Duong province to 2020 and orientation to 2025. This is the basis for orienting the province's industry towards sustainable development. On the basis of bringing into full play all resources of various economic sectors, thus creating a motive force for promoting the development of other economic sectors, leading enterprises to invest in industrial parks and clusters. zoning. At the same time, the approval of this master plan has shown the aspiration and will for industrial development in the period from now to 2020 and the vision of 2025 of the Party, government and people in the province in accordance with the viewpoint. , the target of developing the southern key economic region to 2020 and orientation to 2025.

It can be said that the success of Binh Duong industry has made an important contribution to the industrial development of the southern key economic region. Provincial industry has been and will continue to play an important role in the socio-economic development of the province in particular and the whole region as well as in the industrial development of the country. Experts believe that the development of effective, sustainable and environmentally friendly must be based on well exploiting all resources set for Binh Duong industry to 2020 and a direction to 2025 a responsibility. It is a great effort, a great deal of effort and coordination from all levels of government, the business community, the people's consensus and the deep and consistent support of the Government and ministries, and the central branch.

Reported by Phuong Le – Translated by Vi Bao

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