Thu Dau Mot city to elevate trade and commerce development to new heights

To be worthy of being a livable city, Thu Dau Mot is aiming for sustainable development in many fields. Among them, the city is developing modern types of commerce and services to provide conditions for people to work and enjoy high-quality amenities.

Thu Dau Mot city has many advantages in attracting and organizing trade fairs, exhibitions in various fields. In the photo: A corner of the furniture machinery exhibition organized at the end of 2023 in the new city

To elevate commerce and services

In exchange with us, Mr. Vo Chi Thanh, Vice Chairman of the People's Committee of Thu Dau Mot City, said that the city is building an urban area combining commercial and service development, industrial and urban agriculture, high-tech urban areas, knowledge economy, alongside cultural development and environmental protection. Thu Dau Mot City continues to focus on implementing urban development investment programs, creating a favorable environment, attracting investment in production and business operations.

In the sustainable development orientation, along with attracting high technology, advanced production, Thu Dau Mot also focuses on promoting the development of high-quality commerce and services. Priority is given to service sectors with high intellectual content, e-commerce, promoting financial investment, banking, and innovative technology. Local authorities also have high expectations for increasing the proportion of the service sector, which will have a positive impact and create momentum for industrial development.

Mr. Vo Chi Thanh said: "In the coming time, the city will promote commercial and service projects approved by the Provincial People's Committee on the plan to adjust the planning, develop the network of markets, supermarkets, and commercial centers of Binh Duong province by 2020. In which, the orientation of commercial and service land planning until 2030 with an area of nearly 495 hectares, increasing by over 99 hectares compared to the present; implementing 10 works, projects to focus on developing urban industry towards modern civilization in 2021-2025, orientation to 2025-2030, and vision to 2045.”

The city promotes, encourages, and supports organizations, individuals to participate in deploying models and using cashless payment applications at convenience stores, shopping centers, supermarkets, and markets to make breakthroughs in services, urban areas, e-commerce, and financial investment, towards smart cities. In which, the new city of Binh Duong will continue to play a core role.

Mr. Nguyen Thanh Toan, Director of the Department of Industry and Trade, said that increasing the proportion of trade and services is a prerequisite for rapid and sustainable development, thereby leveraging strength to support industrial development more effectively. Currently, the three cities under the province, Thu Dau Mot, Di An, and Thuan An, have a lot of development potential and need a new breakthrough. The industry and trade sector will support Thu Dau Mot City to make a breakthrough in services, urban areas, e-commerce, and financial investment in accordance with the province's general planning.

To create a land fund for commercial and service development, Thu Dau Mot City continues to strongly implement the direction of converting industrial projects, relocating them to industrial zones and clusters. According to the implementation plan, from now until 2030, the appropriate relocation roadmap will be applied for each factory. In the immediate future, the city selects factories with demand to serve as pilot points and then expands for other factories to gradually transform their functions according to the planned scheme. Mr. Vo Chi Thanh added that the People's Committee of Thu Dau Mot City is coordinating with relevant sectors to establish criteria and some relocation policies for businesses operating outside industrial zones, clusters, creating conditions for businesses to transform their functions.

World connection

Beside the old urban area being renovated, attracting high-quality capital investment in the right direction, the new city of Binh Duong has been and is playing a good role as a nucleus in balancing economic development to narrow the gap in the proportion between industry and commerce and services towards connecting with the world.

In the new city, the infrastructure of information technology and telecommunications is a bright spot to promote the economic and social development of the city as well as the province, providing wifi services on cloud computing platform to support businesses, building fiber optic equipment and providing fiber optic transmission services, providing ICT solutions based on the experience and practical capacity of NTT East in Japan.

The new city has performed well its role as a nucleus connecting urban centers in balanced economic development. Attracting investment projects for the development of commercial and service infrastructure, especially the development of WTC Binh Duong, has made a significant contribution to the development of a new service ecosystem closely linked to the smart development strategy of Thu Dau Mot city.

WTC BD Director Huynh Dinh Thai Linh, Director of WTC Binh Duong Joint Stock Company (WTC BD), said that WTC BD has been and is a channel to support trade promotion for businesses, investors at home and abroad, promoting development, attracting tourism business activities combined with market search, meeting partners and business development. WTC BD especially creates conditions for businesses to innovate, technology enterprises to step into the world and connect high-quality global supply chains.

Reported by Tieu My – Translated by Vi Bao