Established after the national liberation day of April 30, 1975, despite difficulties caused by war consequences, Binh Duong province’s industry and trade sector has well realized its tasks of recovering economy, developing production-business, supplying food and essential commodities for the local people…

Great progress

During its 36-year development process, Binh Duong province’s industry and trade sector has always fulfilled its entrusted tasks.

 

A corner of Binh Duong-based Metro supermarket

The sector’s industrial production value in the 1997 and 2008 period increased by 33.4%. Despite the impacts of the global economic downturn, the sector achieved more than VND105trillion in industrial production value between 2009 and 2010, 26.6 times higher than 1997. Its export turnover in 2010 was more than US$8.2bln, up 23.5% compared to 2009 or 10% of the country’s total export turnover. The local export products are now present in 183 countries and territories around the world.

As of late 2010, in addition to 83 markets, the whole province had 5 supermarkets, 5 plazas and more than 20,000 trade facilities at the local people’s consumption demand. The province’s total retail sales revenue for commodities and services in 2010 was VND44.13trillion, 19 times higher than 1997.

Industry, trade and services have moved in the right direction. This has contributed to promoting the local infrastructure and urbanization process, generating jobs for more than 700,000 laborers in and out of the province…

Deputy Minister of Industry and Trade Nguyen Nam Hai said that Binh Duong province’s industry and trade sector has over time expressed its robust growth with export turnover and industrial production value ranking 3rd among localities nationwide. The sector has also actively promoted the campaign of “Vietnamese people give priority to Vietnamese goods”…

Striving to successfully realize 2011’s tasks

Under the patriotic movement 2011, Binh Duong province’s industry and trade sector will strive to achieve more than VND127.1trillion in industrial production value, up 20%; VND57.81trillion in total retail sales revenue for commodities and services, up 31%; nearly US$19bln in export turnover, up 20%. The sector will further reduce the excess of imports over exports, speed up the development of domestic market and strength the international economic integration…

According to Nguyen Van Huu, deputy director of provincial Department of Industry and Trade, in 2011, the sector will focus on improving administration ability, production-trading efficiency; reforming administrative procedures and applying sci-tech advancements to raise labor productivity.

The sector will also strength the activities of promoting trade, building trademark; help businesses remove their difficulties for better production and trading…, contributing to curbing inflation in the current period under the Government’s Resolution No.11 as well as the action programs set out by the province and the sector.

Reported by T.Huynh-Translated by K.T