Upholding its glorious tradition, after 39 years of liberation Binh Duong has presently become a dynamic and industrial province with the fastest growth pace in the country.

  At Casumina Radial Plant.

 

A strong development of industry

 

After the Southern liberation day, Binh Duong (former Song Be province) has entered a period of healing the wounds of wars. Despite difficulties, local people have managed to overcome challenges to turn Binh Duong into an industrial province under the leadership of the Party and authority.

 

The following concrete figures will show Binh Duong’s impressive growth over the past years. Local economy under rapid and sustainable development has contributed to help other fields gain a steady and sustainable growth. The local industrial production value has obtained an average growth of more than 15%/year in many consecutive years. In 2013, the local industrial production value reached more than VND162,177bil while total retail and service turnover gained more than VND89,544bil, a 24% increase. In addition, the province reached over US$14.5bil in export revenue and more than VND29,000bil in budget collection. Meanwhile, local economic structure focused on increase in industrial and service density with the rate of 61.3% and 35.3%, respectively.

 

Binh Duong’s sustainability in economic and industrial development has been easily seen in the recent period, in spite of the global and local economic recession. In many consecutive years, Binh Duong has reached an annual growth of about 13%, a two-fold increase from the whole of the country’s common average and a 1.5 fold rise from the Southern key economic zone’s’ average. Binh Duong has been also obtained the highest industrialization pace in the Southern key economic zone and in the whole of the country.

 

Effective investment attraction

 

Focusing on modernization, Binh Duong has always considered industrial parks a foundation for creating breakthroughs. Hence, the provincial administration have concentrated on mobilizing all sources to build industrial park infrastructure facilities in attachment to urbanization. Until now, Binh Duong has had 28 industrial parks covering on an area of 9,095ha and 8 industrial compounds occupying 592ha. At present, 26 industrial parks have been put into operation, reaching tenancy rate of more than 65%, many of them winning 100% of tenancy rate.

 

Many industrial parks, located formerly on fierce battlefields, have presently promoted their efficiency in investment attraction. Industrial parks such as VSIP 1, Dong An 1, Song Than 1 and 2, in the past located on Thuan An Hoa war zone, now have more than 500 enterprises, capitalized at more than US$3bil. In addition, Ben Cat now homes to industrial parks namely My Phuoc 1, 2, 3,4 and Bau Bang and lures over 400 projects with the total investment capital of more then US$3bil.

 

In the meantime, localities encompassing An Tay, An Dien in Ben Cat town have attracted over 60 projects worth about US$500mil. In Tan Uyen, industrial parks such as Dat Cuoc, Nam Tan Uyen have also reached good results with over 100 projects worth nearly US$400mil.

 

Thanks to well-prepared, synchronously zoned infrastructure facilities plus the local leaders’ motivation and friendliness, local industrial parks have gained an advantaged investment environment and contributed importantly to investment attraction. The whole of the province has thus far lured nearly 16,000 domestic enterprises with the total registered capital of VND122,000bil and 2,276 foreign ones with the total capital of over US$19.6bil. The large investment from enterprises has contributed greatly to local industrial, trade-service and urban development.

 

Overall development

 

Industrial development has improved overall picture of local economy. Thanks to advantaged connection, trade and service areas of Ben Cat, Thuan An, Di An towns and Thu Dau Mot city have been in good development. Realizing great potential of trade and service, many foreign enterprises such as Metro Cash & Carry, Lotte Mart, Big C, Aeon and so on have flocked to Binh Duong.

 

Development of industry and service accounting for 96.6% of local economic structure has impacted on urban growth. More than 18,000 domestic and foreign companies’ investment has lured thousands of experts, engineers, managers and nearly one million laborers to the province. In order to develop overall and sustainably and become the first class urban area by 2020, Binh Duong has zoned and built modern urban areas. Until now, the locality has had one city and four towns. As of the end of 2013, Binh Duong’s average income reached VND52.7mil per capita per year.

 

To help Binh Duong develop into a civilized and modern urban area, the provincial People’s Committee chairman Le Thanh Cung said that it is necessary to perfect investment environment, reform administration procedure and apply transparent, flexible policies and measures to call upon more investment projects. 

 

In the first month of this year, additional US$750mil was poured into Binh Duong. Binh Duong’s industry has been developed overall and sustainably.

 

Reported by T.Minh – Translated by A.C