TDM City to boost trade and service

In 2018, Thu Dau Mot City continued to make a breakthrough in trade - service - urban growth. It will also be an important and central task of the city and the driving force behind the city's economic growth in 2019.

High growth rate of trade – services

Investor Bach Dang Commercial Service Center (Phu Cuong ward) has completed a zone of commercial apartments along the riverside. Beside the residential area, the investor arranged reasonable space for relaxation including traffic system, green parks and other services. Phan Van Cu, General Director of Binh Duong Investment Consultant Joint Stock Company, said that the company wanted to pioneer the construction of commercial centers and entertainment services in TDM City to encourage other investors to jointly implement projects here based on the approved planning.

Consumers go shopping at Binh Duong Big C supermarket.

Bach Dang Trade Service Center is the highlight of the chain stimulating trade - service - urban growth of TDM City. According to the plan, in the period 2015-2020, the city focuses on implementing the planning, attracting investments, boosting the growth of trade - services. The results showed that, despite the general difficulties, trade - services achieved high growth rate. Only in 2018, the estimated total retail sale value of the city reached VND140,107 billion, up 29.42%; Industrial production value reached VND30,776 billion, up 24.56% y/y.

In 2018, traffic system in the city continued to be upgraded to create favorable conditions for people to trade goods. Along roads in Tan An ward, Dinh Hoa ward, Phu My ward... many types of trade – service are thriving; Restaurants, clothing, home appliances, mobile phones, interior decoration shops, hotels have raised up and been crowded to meet demands of local people. Besides traditional markets, many supermarkets, shopping centers in the city grew up rapidly in quantity, expanded their business scale. In addition, commercial infrastructure of the city was improved; distribution channels of agro-industrial goods were stepped up, contributing to the production and improvement of people's lives in the area.

Gaining momentum for trade-service growth

According to assessments, in 2018, the management of TDM City planning continued to have many good changes. The master plan for urban construction of ​​the city was approved; most wards of the city were zoned with rate 1/2000. Construction planning of the city has met the potential and advantages in investment attraction and urban development. This is also the foundation for trade service urban projects in the city to attract investors, and be executed.

In addition, the mobilization of resources for commercial infrastructure, market system in the city was also done actively. Therefore, in 2018, many enterprises came to survey and make investments in the city.

In 2018, the proportion of trade - services accounted for over 60% in the city’s economic structure. The city has now 79 commercial housing development projects that were approved by competent authorities. Some projects in the city such as Hiep Thanh 3 residential area, Bach Dang Trade Service Center, Phu Thuan residential area ... are under construction, bringing a new face to these wards.

Nevertheless, activities in TDM City still had limitations, such as the investment in projects in this field was slow, asynchronous, did not take full advantage of its potential... To further develop trade and services, the city identified the goal in 2019: to continue developing high-quality trade and services to meet production and life demands; To create favorable conditions on land, invest strongly in material infrastructure in order to attract the participation of all economic sectors.

In addition, the city continues to call for and create favorable conditions for investors to carry out projects in the area; to implement the program of high-quality service development for industrial and urban development in Binh Duong province in 2016-2020 in the city. At the same time, the city will carry out the reorganization and rearrangement of Thu Dau Mot market and roads around the market; the market management will be strengthened... The city also checks projects that registered for investment; supports investors to create a strong growth of trade services in the city.

With rational planning, breakthrough roadmap of investment, TDM City is expected to reap many more successes in trade service urban in 2019.

Reported by Truc Huynh – Translated by Ngoc Huynh