Acceleration of the economy

In the past 5 years (2014-2019), with the attention of the province, the help of the departments, agencies, Party, government and people of Bau Bang district have united, boosted development and achieved Great achievements in all aspects. The outstanding result is that the district's economy is growing fast, stable, attracting investment capital, culture - society with much progress, defense - security is strengthened, people's life is improved clearly with significant contribution to the development of the province.

To maintain high growth momentum

When it was founded, Bau Bang is an agricultural district, with the main crops being rubber with over 24,574 hectares, accounting for 72% of the district. The socio-economic starting point of the district is still low, the infrastructure is still limited, the infrastructure, education and health are still difficult, and the service is still limited.

For the industrial sector, although Bau Bang Industrial Zone has been planned and built but not yet developed infrastructure. Specifically, with 1,000 hectares of industrial land planning, at the beginning, there were 43 businesses investing in 158 ha. When newly established, the whole district had 220 enterprises to invest, in which foreign investment had 50 enterprises with a capital of 731 million USD, domestic investment had 170 enterprises with a capital of 14,462 billion VND.

In the past 5 years, Bau Bang's economy has always maintained a high and stable growth rate. In the photo: Production activities of Vietnam Atago Garment Co., Ltd. in Bau Bang industrial zone. Photo: Hoang Pham

With the spirit of solidarity, the continuous efforts of the Party, government and people together with the leadership, management, dynamic and creative management of leaders of sectors and levels, in the last 5 years (2014-2019), Bau Bang's economy - society has changed dramatically. Specifically, the industrial production value of the district increased by 14.98% a year on average, total retail sales of goods and consumer service revenue increased by an average of 23.8% a year, the value of agricultural production average increase of 4.84% a year.

In the past 5 years, the district has attracted 519 investment projects, of which domestic investment has 448 projects and 19 projects registered to increase capital, total investment capital is 11,410 billion dong; 71 foreign investment projects and 16 foreign investment projects increased capital, total investment of more than US $ 1.9 billion. The total state budget revenues of the district reached more than VND 3,747 billion; Average annual revenue increased by 39.96%.

Besides, the district has attracted thousands of billions of other economic sectors to invest in the construction of technical infrastructure works in industrial parks in the area, invest in the construction of concentrated residential areas , housing for workers, civil works and so on. Along with that, the urban environment and landscape in the area are gradually embellished, urban appearance is increasingly visible.

Investment environment is constantly improving

With the goal of striving to become an industrial-urban center in the north of the province soon, Bau Bang district has created all favorable conditions, built up an open investment environment to call and attract investors. . As a result, many investors have chosen Bau Bang to implement projects, including many large investment projects, high technology content, less labor-intensive.

Mr. Kazunori Uetsuji, General Director of Vietnam Atago Garment Company Limited, said that in the process of understanding the investment environment in Vietnam, Atago Group (Japan) has surveyed many industrial parks in the country. Finally, Bau Bang Industrial Park of Binh Duong Province is the place that meets Atago Group's requirements to implement the project. Atago Vietnam garment factory in Bau Bang industrial zone has an area of ​​more than 16,000m2, investment capital of 6.3 million USD was put into operation in November 2016.

Mr. Le Khac Tri, Chairman of Bau Bang District People's Committee, affirmed to enhance investment attraction, in addition to implementing investment attraction policies of the province, the district also promoted administrative reforms and strengthened investment promotion. into industrial zones in the area. Besides, the district is making efforts to definitely resolve outstanding cases in the industrial park - Bau Bang urban area; quickly complete the compensation and clearance work to implement the power generating path of My Phuoc - Bau Bang, the road creating the force of Bac Tan Uyen - Phu Giao - Bau Bang.

Along with that, the district is trying to improve the transportation system, developing technical infrastructure, focusing on the transportation network connecting the district with other localities along the North - South and East - West axis and the traffic system. In addition, the district is also interested in social infrastructure investment to meet the requirements of rapid development of industry - urban such as hospitals, cultural centers, schools, social housing to encourage and invite investment in the development of banking, supermarkets, health and education sectors to create consistency in local development.

It can be said that the outstanding achievements in socio-economic development in the period 2014-2019 are the basis for Bau Bang district to soon complete the goal of becoming an industrial-urban center in the north of the province. In the future, Bau Bang will continue to promote industrial and urban development on the basis of the overall socio-economic development planning of the province and the southern key economic region. In industrial parks, districts will develop in the direction of concentrating on completing infrastructure, synchronous investment in production, services and houses inside and outside industrial parks.

Reported by Thoai Phuong – Hoang Pham