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Trade and service infrastructure develops in the right way

Update: 13-06-2012 | 00:00:00
Thu Dau Mot Town is a strongly developing center of trade and services in Binh Duong Province with pivotal development of credit and banking infrastructure to meet up the needs. Up to date, the province has approximately 54 credit and banking institutions, 10 public credit funds. System of supermarkets and commercial centers satisfy the shopping needs  Looking back on economic development of Binh Duong Province, such organizations and institutions in Thu Dau Mot Town have contributed much to economic development of Binh Duong Province by luring domestic and foreign business to a well-invested environment.Increasing in size, the organizations and institutions are improved in quality. Customers are more accessible to capital sources.Together with development of banking system in Thu Dau Mot Town, supermarkets and commercial centers mushroomed to service the province. Ten years ago, Vinatex made their first debut in April 2004, prompting CoopMart, Citi Mart, Becamex Tower, Nguyen Kim, and Cho Lon to rush in.Thu Dau Mot Town is highly appreciated by not only domestic but also foreign retailers led by Metro Cash & Carry.Subjectively, operation of supermarkets and commercial centers has contributed great shares to retailing system of Thu Dau Mot Town, feeding goods to the public and promoting local trade and services. By beginning of 2012, the service-industry-agriculture economy of the province is of 60.8%=38.9%-0.3% balance. For the year of 2011, trade and services in Thu Dau Mot Town has earned over VND 23,000 billion accounting 39% of provincial retailing value.Excellent yield and good infrastructure have promoted Thu Dau Mot Town in other fields of banking and credit, making Thu Dau Mot Town an economic center of Binh Duong Province which already is located in the Southern region of major economies.Reported by Trong Minh – Translated by Vi Bao
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