Illustrative image (Source: congthuong.vn) Hanoi (VNA) – The southern province of Binh Duong saw positive signals in economicgrowth in the first nine months of this year, with trade surplus reaching 3.8 millionUSD, a representative from the provincial People’s Committee.
The index of industrialproduction rose 9.37 percent in the January-September period, including anincrease of 9.64 percent in processing industry. Many local firms have receivedfull orders until the first quarter of 2019, with the number of ordersincreasing 5-10 percent year on year.
Its total retail andservice revenue rose 17 percent over the same period last year to 140.858 trillionVND (6.05 billion USD).
In the reviewedperiod, the province attracted 39.35 trillion VND in investment from domesticfirms, up 16.5 percent over the same period in 2017, along with 1.18 billionUSD of foreign direct investment (FDI), fulfilling 84.95 percent of its yearlytarget.
So far, Binh Duong hashosted 3,430 FDI projects worth 31.29 billion USD, clinching its first positionamong localities nationwide in FDI attraction.
However, the provincealso faced a number of difficulties, including low disbursement of publicinvestment, low production and prices of some kinds of farm produce, andinfrastructure failing to meet the demand in goods transport.
Tran Thanh Liem,Chairman of the provincial People’s Committee, said that in the rest of theyear, the province will continue improving its investment and businessenvironment, while enhancing the provincial competitiveness as well asinternational integration index.
The province will alsochoose suitable projects, while calling for investment in industrial parks andclusters, he said.
The provincial leadersaid that the province will continue promoting the implementation of a smartcity project in 2018, making it an ideal destination for investors.-VNA
The index of industrialproduction rose 9.37 percent in the January-September period, including anincrease of 9.64 percent in processing industry. Many local firms have receivedfull orders until the first quarter of 2019, with the number of ordersincreasing 5-10 percent year on year.
Its total retail andservice revenue rose 17 percent over the same period last year to 140.858 trillionVND (6.05 billion USD).
In the reviewedperiod, the province attracted 39.35 trillion VND in investment from domesticfirms, up 16.5 percent over the same period in 2017, along with 1.18 billionUSD of foreign direct investment (FDI), fulfilling 84.95 percent of its yearlytarget.
So far, Binh Duong hashosted 3,430 FDI projects worth 31.29 billion USD, clinching its first positionamong localities nationwide in FDI attraction.
However, the provincealso faced a number of difficulties, including low disbursement of publicinvestment, low production and prices of some kinds of farm produce, andinfrastructure failing to meet the demand in goods transport.
Tran Thanh Liem,Chairman of the provincial People’s Committee, said that in the rest of theyear, the province will continue improving its investment and businessenvironment, while enhancing the provincial competitiveness as well asinternational integration index.
The province will alsochoose suitable projects, while calling for investment in industrial parks andclusters, he said.
The provincial leadersaid that the province will continue promoting the implementation of a smartcity project in 2018, making it an ideal destination for investors.-VNA
VNA
