Implementation of 2014 measures focused

At Rohto-Mentholatum Vietnam Co.Ltd.

A fair growth of economy

According to the provincial People’s Committee, in the first nine months of this year, the provincial People’s Committee focused on steering implementation of groups of measures to launch the Government’s Resolution No.01/NQ-CP, the provincial party committee, People’s Council’s Resolutions on local socio-economic development.

As for economic development, the local administration concentrates on key targets such as industrial production value, agriculture, goods retail and service turnover, foreign investment attraction and more.

The detailed results show that the locality wins an increases of 10.7% in GDP, a rise of 13.6% in industrial production (VND131,123bil), an increase of 19.5% in goods retail and service turnover (VND72,789bil). In addition, market price is stabilized while supermarkets and trade centers always actively offer essential products, so scarcity of commodities and price hike does not happen.

Meanwhile, service activities are developed, gradually meeting demand on industrialization and urbanization. The total State budget collection reaches VND23,000bil, an increase of 7% of the same period last year.

Export and investment attraction win high results

In the first nine months of this year, the local export wins more than US$11bil, an increase of 14.5% compared with the same period last year.

The traditional export items get a fair growth pace with 20.6% in apparel product, 24.3% in footwear, 8.9% in timber product, 27.3% in mobile phone and components, 10.4% in electronics and more.

With the significant growth of export turnover, the locality obtains more than US$2bil in export surplus value, making Binh Duong lead the whole country in export surplus value.

Vo Van Cu, director of the provincial department of Trade and Industry said that the local export market now is in good situation with the increase of export orders of areas such as timber, garment and textile (a rise of 10-20%). Some strong enterprises gain export orders till the end of this year and even the end of the first quarter of 2015.

Besides, change of orders from some neighboring nations to Vietnam is very huge. This is an attractive factor for investors.

Apart from export, over the past nine months, Binh Duong attracts VND7,892bil in domestic investment capital with 1,528 new enterprises and 275 added capital companies, lifting the number of domestic enterprises up to 16,901 with the total capital of VND127,516bil.

Especially, over the past time, Binh Duong lures US$1.4bil in foreign investment capital, exceeding 40% of this year’s plan and increasing 26% of the yearly plan compared with the same period last year. This result lifts the total FDI projects in the province up to 2,344 projects, capitalized at more than US$20.2bil.

Focusing on measures’ implementation

At the meeting, Le Thanh Cung, chairman of the provincial People’s Committee said that the local socio-economic situation in the first nine months of this year gets remarkable results. Specifically, social welfare is ensured while national defense and security is maintained.

Le Thanh Cung stressed that aside from constant and key tasks, the local administration will focus on checking tasks and improving shortcomings and setting out positive measures in the remaining months of this year.

Moreover, the local agencies and localities inspect budget collection and expenditure as well as solve difficulties and spur administration reform, focus on social welfare measures and investment attraction in a bid to complete 2014’s tasks.

Reported by T.MINH – Translated by A.C

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