Under evaluation of Provincial People’s Committee at its 13th executive extended conference of Binh Duong Provincial Party Committee in the 11th tenure on July 29, socio-economic status in the first 6 months of the year has been progressive with relatively high and stable growth rate.However, challenges and obstacles remained, requiring efforts of the Party cells, sectors, the public, and enterprise community to accomplish proposed economic targets.Be active to overcome hardshipFor being able to forecast the general hardship of the economy, right at the beginning of 2013, Provincial People’s Committee has concentrated on implementing the measures proposed under resolutions of the CPV, government, Provincial Party Committee, and Provincial People’s Council. Thus, the recovery has been gradually visualized in stable development. Industrial procduction, commerce-trade, foreign investment lurings, budget collection, etc. have eyed bright results.As reported by Provincial People’s Committee, in the first 6 months of the year, industrial production value reached VND 63901 billion or 11.9% higher than previous term, of which, state’s economic sectors increased by 11.4% and FDI by 12.2%.The achievements were thanks to timely implementation of measures proposed by the government to remove obstacles for production and business, market supports, and resolution of bad debts, etc. Besides, there existed the factors of stable pricing ratio, controlled inflation, reduced bank interest rates, and government’s policies of tax reduction, expansion and exemption let alone supports of Provincial People’s Committee and local sectors in dialogues with enterprises.Revenue of enteprises was given a kick to increase, bringing about recovering exporting activities of the province which have been increased by 10-15% higher than last term. Majority of enterprises have fixed their P/Os for the third quarter of the year. Exporting revenue of the first 6 months of 2013 has reached USD 5,993 million USD or 16.3% higher than previous term.Addressing the conference, Chair of Provincial People’s Committee, Mr. Le Thanh Cung asserted that Binh Duong Province succeeded in maintaining stable growth in the face of hardship thanks to important role of foreign investment which has been accounted for 83.4% of total exporting revenue of the 6 months of 2013. The similar dominance was seen in industrial production value.“Foreign investment in the current stage is becoming the key to provincial economic development,” he said while stressing on remaining challenges.Challenges remained greatUnder the same forecast, Provincial People’s Committee has been expecting challenges for economic growth in the last 6 months of 2013 and prolonged to 2014 namely slow recovery, low credit balance growth, low loans accessibility, etc.So as to achieve success in 2013, Provincial People’s Committee has proposed major measures to resolve hardship to promote business and production through meetings and dialogues with enterprises.Besides, monitoring measures should be intensified to prevent loss and tax debts to ensure budget collection as planned. Banking operations should be monitored and checked up regarding loans, deposits, interest rate reducing loans, reasonable credit loans growth in 2013. Meanwhile, credit structures, loans classification, stepped loans retrievals, and bad debts resolutions should be tightened to ensure debt payments from enterprises and their own stable production and business thanks to easier loans accessibility.Mr. Le Thanh Cung also demanded his units to promote loans to investing enterprises and low-income people in social and commercial housing projects while staying on with new rural construction in 2013.By Political Reporters – Translated by Vi Bao