Ben Cat creates bounce for economic development

A glance of My Phuoc ward

Sound development orientations

Ben Cat town’s economy in 2014 reached a growth of 19.5%. This was seen a very impressive figure as this was still an agricultural locality in the previous years. Under the sound leadership of the local Party Committee and government, Ben Cat has so far become one of highlights in the province’s economic picture.

Ben Cat town is now home to 9 industrial compounds and parks with 3,180 hectares in total and 45 urban-residential estates with 2,999 hectares in total.

Thanks to the leadership of the local Party Committee and high consensus among people, Ben Cat has become an industrial locality for many years. In 2014 alone, the town’s total production value was estimated at VND50.081trillion, up 13% compared to 2013. There was an obvious change in the local economic structure with industry, 85.73%; services, 13.5% and agriculture, 0.77%.

Last year, Ben Cat also absorbed 165 investment projects. The town has so far attracted 1,129 domestic investment projects capitalized at VND14.605trillion and 407 FDI onese totaling US$3.87bln.

Possibly speaking, under the leadership of the local Party Committee, Ben Cat has risen up and become an attractive destination for investors and thousands of laborers in and out of the province.

Locals, enterprises’ satisfaction

Like other localities in the province, Ben Cat town has made a lot of changes thanks to effective infrastructure investment.

Kim Tyo Chul, an investor from South Korea and Tran Thanh Trong, Director of Sang Ban Mai Joint Stock Company at My Phuoc 2 Industrial Park said that they decided to make investment in Ben Cat, due to well-built infrastructure, preferential policies plus the attention and help of the local authorities at all levels.

Ben Cat town’s Party Committee and People’s Committee are further upholding the local strong points to boost investment attraction. In 2014 alone, the town’s basic construction capital amounted to VND110bln, including VND13.7bln from the province’s State budget. This showed that the locality made efforts in infrastructure development, especially traffic system.

Possibly speaking, the town’s traffic system is reaching a very important change. The Highway 14 with the section from So Sao crossroads to Cong Xanh was opened to traffic while the project of upgrading DT744 street is under the final phase…The local network of passenger transport has been fully covered with 227 vehicles, well meeting locals’ demand for traveling, especially on Tet and great holidays. The local perfect traffic system has also contributed to well satisfying enterprises’ demand for goods transport.

In his recent meeting with leaders of Ben Cat town, Tran Van Nam, Chairman of provincial People’s Committee spoke highly of efforts by the local leaders in promoting economic development and improving people’s lives. But, according to him, Ben Cat needed to continue going on a right track under the plans set out by the town’s Party Committee towards stable growth. The town also needed to soon fulfill streets under construction in order to create an bounce for the local sustainable economic development in the coming time.

Reported by Khanh Vinh-Translated by K.T