The construction of trade-service ecosystem

With constant efforts, Binh Duong is focusing on promoting economic restructuring, especially trade - services. Binh Duong also strives to become a smart, green and safe city - a place worth living.

Nguyen Van Loi (2nd from left), Member of the CPV Central Committee, Secretary of the provincial Party Committee, Head of the provincial National Assembly Delegation visits the international exhibition booth on machinery and technology at WTC Binh Duong in June 2023. Photo: Tieu My

A good range of potentials

Over the past quarter century, Binh Duong has developed strongly to become an industrial province with about 62,000 enterprises that include more than 4,000 foreign-invested enterprises for a total investments of more than 40 billion US dollars. The province is carrying out planning, striving that by 2030 the industrial value of the province will double compared to the present with focus on attracting new industrial systems, green and smart development. The province is trying to accelerate economic restructuring, especially the trade and service industry from 28% at present to more than 40% by 2030. All of these open up opportunities for the attraction and development of trade and services.

From an expert point of view, Dr. Tran Du Lich, said that Binh Duong needs to promote infrastructure investments in trade and service development to become a civilized, modern, livable, green and clean city of a high-quality service area for the whole region, thereon, creating new breakthroughs to become one of the dynamic developing localities of the country.

Nguyen Van Loi, Member of the CPV Central Committee, Secretary of the provincial Party Committee, Head of the provincial National Assembly Delegation affirmed that in the coming time, Binh Duong will continue to accelerate the progress of many major roads such as Vanh Dai 3 and Vanh Dai 4, Ho Chi Minh - Chon Thanh expressway, connecting the airports and seaports. The province will form an industrial belt, with a scale of over 20,000 hectares along the highways, thereby creating a driving force and space for novel development of the locality. At the same time, with an open and attractive investment environment, Binh Duong has always been one of the leading localities in the country in attracting foreign direct investment. Binh Duong is currently concentrating on investing resources for green, smart and sustainable development in the right direction set out by the province. At the same time, it invests in social security to take care of the disadvantaged and train high-quality human resources to meet development needs.

According to Phan Thi Khanh Duyen, Deputy Director of the local Department of Industry and Trade, the province's trade and service plays an increasingly important role in economic development by attracting the participation of all economic sectors with many types of distribution such as trade centers, supermarkets, e-commerce, convenience store systems. According to statistics, the total retail sales of consumer goods and services increased on average 17.95% a year, of which total retail sales of goods increased by an average of 15.81% a year. Trading and service infrastructure system is constantly being invested, upgraded and developed in many types of distribution with the participation of major domestic and foreign brands.

To promote development

In the opposite direction, the promotion of high investment attraction in trade and services not only creates a new look, but also is a highlight contributing to promoting Binh Duong's development in the direction of integrating industry - urban - service, revenue and profit to attract investors, high quality human resources.

Binh Duong New City has become a prestigious address for exhibitions, fairs and seminars in many fields. In the photo: Exhibition booth is seen at the wood machinery fair just held in the new city

Currently, 4 cities under the province are also 4 industrial capitals include Thu Dau Mot city, Di An city, Thuan An city and Tan Uyen city, which have a lot of potential and been in need of breakthrough innovation for sustainable development. To create breakthroughs in services, urban areas, e-commerce and financial investment, the four cities are all planned in the direction of smart cities. In particular, the new city of Binh Duong will continue to play the core role as the Binh Duong World Trade Center is formed on the bright spot.

Currently, the industry and trade sector has deployed to districts, towns and cities the project to develop a network of markets and supermarkets in order to develop trade and service, especially high quality trade and service. Binh Duong New City gradually attracts potential investors, worthy of being the core of development connecting big cities.

Talking to us about Aeon Binh Duong New City, Furusawa Yasuyuki, General Director of Aeon Vietnam, said: “We chose Binh Duong New City as we realized that the area has economic potential and population will develop quickly in the near future. Therefore, Aeon Vietnam decided to invest at this time, with a vision of 5-10 years later, not just now. At the same time, Aeon Vietnam continues to search for suitable locations in other provinces and cities to open new business locations.”

It is known that this is the first time Aeon Vietnam has launched a lean supermarket model in the southern region. In order to bring convenience and speed to customers following the trend of digital transformation, at Aeon Binh Duong New City, Aeon Binh Duong New City integrates technological utilities through equipment such as smart storage cabinets and order picking machines. Aeon Vietnam advocates effective use of local resources through supporting initiatives and joining hands with customers to build sustainable consumption habits, encouraging non-use of products by using disposable nylon bags when shopping.

Reported by Tieu My – Translated by Vi Bao