In the first nine months of 2012, Binh Duong has had 67 newly-established domestic enterprises being put into operation, mainly in the production of confectionery, furniture, paper packaging, manufacturing and processing metal, textiles, etc.
Industrial production value of the province for the first nine months of 2012 maintained a high growth rate with VND 95,212.7 billion, increased 12.7% in comparison to same period, accounting for 65.5% of 2012’s target (2012’s target to increase 21% compared to 2011, worth VND 145,377.7 billion). In which, domestic economic sector is estimated at VND 30,175.1 billion, raised by 13.5%, accounting for 32.8%; foreign invested economic sector is estimated at VND 65,037.6 billion, raised by 12.3%, making up 67.2%.
Some fields with high growth rate include: agro-products and food manufacturing accounting for 25.4%, furniture production with 15% and textiles making up 7.5% out of total industrial production value.
At the meeting, representatives of State General Company, professional Associations and enterprise under operation in Binh Duong province highly appreciated the province in creating favorable conditions and incentives for investment. Besides, the direction from provincial authority to reduce 30% of corporate income tax for small, medium and labor-intensive enterprises upon the Resolution no. 29/2012/QH13 and Decree no. 60/2012/ND-CP dated 30 July 2012 of the Government on specifically regulating the implementation of Resolution no. 29/2012/QH13 on issuing some tax incentives to tackle difficulties for organizations and individuals, has assisted enterprises in having more capital to continue production and business.
Mr. Ly Ngoc Minh – Chairman of Binh Duong Ceramics Association stated: “Price of materials, especially high gas price, strongly affected enterprises in ceramics production”
In addition, many enterprises still face difficulties in prices of materials especially the high increasing of electricity, gas, gasoline, transportation cost, goods load and unload cost, warehouse service, etc. contribute to the increase in production cost of enterprises; banking interest even has decreased, but still at high percentage from 12% to 15%; labor forces for enterprises have not been stabilized, lack of workers, especially skilled workers, worker change at the percentage of approximately 10% - 15%, …
Chairman of provincial People’s Committee Mr. Le Thanh Cung
Following the answers of some departments and organizations to the obstacles of enterprises, Chairman Le Thanh Cung acknowledged and shared the difficulties with enterprises. With suggestions of enterprises, Chairman will direct related departments to solve in the best time; other issues will be submitted to the Government for suitable solutions.
Hoang Pham