Binh Duong  province’s economy in January 2012 continued reaping positive results, particular in terms of industrial manufacture, exports, investment attraction…Upon this, it is believed that Binh Duong province’s economy this year make breakthroughs and fulfill the targets in growth.

 

Impressive results

 

According to statistics from provincial People’s Committee, in January 2012, the province reached VND8.513trillion and US$919.5mln in industrial production value and export turnover, respectively.

 

The province also absorbed additional 64 domestic businesses with a total registered capital of more than VND185bln and reached US$121.5mln in foreign investment attraction. The province’s total retail sales revenue for commodities and services was VND6.007trillion, up 9.8% compared to last month and 21.5% compared to the same period of last year… 

Production activities at a fibre factory of Thien Nam Joint Stock Co. in Di An town

 

Businesses’ stability is seen as an important element in industrial manufacture. According to a report from the province’s functional agencies, province-based businesses have continued stably working in February 2012.

 

Noticeably, thanks to social welfare policies well implemented by province-based businesses, most immigrant laborers have returned to work after Tet. This has helped province-based businesses continue realizing their business plans, greatly contributing to the province’s growth in industrial production value.

 

Great trust in 2012’s economic results

 

In 2011, Binh Duong is one of localities with the GDP growth rate of 14%, 2.3% higher than the country’s average GDP growth rate.

 

The province’s industrial production value was estimated at more than VND123trillion or 12% of the country’s total industrial production value, up nearly 18% against 2010.

 

The total retail sales revenue for commodities and services reached nearly VND60trillion, up 30.5%; export turnover achieved more than US$10.3bln or 13% of the country’s total export turnover.

 

Also in 2011, the province drew US$1.2bln and VND26.3trillion in foreign investment capita.

 

The above results came from the integral efforts of the local authorities, businesses and people.

 

Upon 2011’s growth results, the province has set its growth targets for 2012, 4%-30% higher than that of 2011. Particularly, GDP growth rate reaches 13.5%. Industrial production value grows by 18%, agricultural production value by 4%, total retail sales revenue for commodities and services by 30%, export turnover by 20%. FDI attraction achieves around US$1bln. Total budget revenue reaches VND27trillion…

 

With good results done in January, it is believed that Binh Duong will fulfill its economic growth targets in 2012.

 

Reported by Trong Minh-Translated by K.T