Ben Cat’s economic targets finished earlier than planned

In 2016, Ben Cat town’s economy continued obtaining stable growth with most targets reaching and surpassing the year’s plan.

Economic growth at 25.8%

Ben Cat town is now home to 8 industrial parks (IPs) with 4,030 hectares in total and a production zone of 47.7 hectares in Tan Dinh ward. So far, they have been fully covered by investors and generated jobs for more than 141,000 laborers. The town’s total production value in 2016 was estimated at more than VND82.32trillion, up 19.7% compared to 2015. Of that amount, more than VND67.76trillion came from industrial production, up 17.5%; more than VND14.09billion from services, up 32.8% and VND469.3billion from agricultural production, up 5.4%.

 Production at Punch Industry Manufacturing Vietnam Co.Ltd. at Ben Cat town-based My Phuoc 3 IP

In 2016, the town’s economic growth was 25.8%; the average income per capital of locals was VND74million. The town’s total State budget revenue was estimated at more than VND1.6trillion, up 10% against 2015. The town also lured additional 572 investment projects, bringing the total number of projects herein so far to 2,435 totaling more than VND23.13trillion and more than US$5.63million.

The town achieved rapid development in terms of urbanization, industrialization and modernization over the past years, contributing to drawing more investors and promoting the local industrial manufacture. The town’s good implementation of administrative reform also helped enterprises feel secure for business-production expansion. Masaaki Takida, CEO of Punch Industry Corporation said that Binh Duong’s investment climate was highly appreciated by Japanese investors. The corporation decided to realize its project in  Ben Cat town because of having a perfect infrastructure system.

Continuing effectively taking solutions

According to leaders of Ben Cat town, in 2017, the town will put focus on realizing a goal of further stabilizing economy with reasonable growth; improve the quality of human resources; make stronger innovation in the fields of education-training, healthcare and culture. The town will also pay attention to well carrying out its goal of poverty reduction, improving the lives of locals…

To achieve the above-mentioned targets, the town will take main solutions such as further implementing preferential policies, creating a favorable investment climate to absorb investors; promoting investment projects belonging to the local priority industries, minimizing those with risk causing environmental pollution and outside IPs. The town will quickly deal with cases asking for being granted business registration certificates; simultaneously beef up services, make socialization of investment in terms of markets, plazas…

Leaders of the town affirmed that with the above solutions, the town’s economy in 2017 will further reach stable growth and the lives of locals will continue being improved.

Reported by Thoai Phuong-Translated by K.T