The southern industrial province of Binh Duong looks to get its COVID-stricken economy back on track this year, aiming for an increase of 8 – 8.3 percent of the Gross Regional Domestic Products (GRDP).
Production at a factory of Bowker Vietnam Garment Co.,Ltd. in Dong An I Industrial Park, Thuan An City of Binh Duong. (Photo: VNA)
Binh Duong (VNA) – The southern industrialprovince of Binh Duong looks to get its COVID-stricken economy back on track this year, aiming for an increase of 8 – 8.3 percent of the Gross Regional Domestic Products (GRDP).
Last year, the fourth COVID-19 wave took a heavy toll on the local economy, lowering growth to just 2.79 percent.
The 2022 GRDP per capita is expected to reach 169.8 millionVND (7,478 USD), higher than 153.6 million VND of the previous year.
The province also targets for the Industrial ProductionIndex (IIP) to grow 8.9 percent and foreign trade to gain 17 percent this year.
It plans to contribute 60 trillion VND to the State budget, attract about 1.8 billion USD in foreign direct investment (FDI), and raisetotal social investment by 10 percent in 2022, while creating about 35,000 newjobs.
To this end, Binh Duong intends to give priority todeveloping supporting industries and the manufacturing and processing sector,with use of advanced and environmentally-friendly technologies, in order toallow more local enterprises to enter global value chains.
Additionally, it will accelerate the development ofinfrastructure at industrial parks and clusters, build clusters for supportingindustries to meet investors’ demand, and enhance the effectiveness oflogistics services.
According to Chairman of the provincial People’s CommitteeVo Van Minh, the province experienced the worst-ever COVID-19 resurgencelast year, which wreaked havoc on all socio-economic aspects. But thanks toeffective virus containment in the last few months of the year, the economybounced back, he said.
In 2021, the province posted trade surplus of 6.8 billionUSD, with exports totaling 31.5 billion USD and imports 24.6 billionUSD. It contributed 61.2 trillion VND to the State budget, 4 percent higher theyearly plan./.
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Production at a factory of Bowker Vietnam Garment Co.,Ltd. in Dong An I Industrial Park, Thuan An City of Binh Duong. (Photo: VNA)
