Maintaining high growth rates
In 2015, despite of many difficulties, socio-economic field kept up high growth and achieved comprehensive results.
Namely, GRDP increased 13.2% (target 13%); GRDP per capita reached VND 73.1 million; provincial economic structure developed rightly with industry - service - agriculture corresponding to 60% - 37.3% - 2.7%. The economy was restructured properly, capital and market shortages were handled, facilitating the recovery and thriving of industrial production. Index of industrial production (IIP) rose 10.3%. Industrial production value was estimated at VND 217,211 billion, increasing 15.8%; including 14.8% of domestic sector and 16.3% of FDI sector. 24/27 industrial product groups increased over the same period, including 13 groups with a growth of over 10%...
Notably, FDI attraction continued to gain good results. In 2015, the province absorbed VND 18,242 billion of FDI capital, increasing 84% year-on-year. There were 2,899 new business registrations with total capital of VND 10,538 billion, and 335 businesses to add more capital worth totally VND 7,704 billion. The province has now 20,422 registered businesses with total capital of VND 148,911 billion. Specifically, in 2015, the province attracted $ 1.7 billion of FDI capital, increasing 11.1%, including $1,566 billion from industrial parks, accounting for 92.1%.
Performing effectively social security works
The province mobilized more resources to care for policy, social beneficiaries, armed forces, and workers. The people’s life quality was improved. People’s healthcare has good changes. Education – training continued to gain good results. Cultural, art, information and propaganda activities were well organized, especially activities to commemorate big holidays.
In 2015, the province spent about VND 850 billion (including VND 520 billion of local budget) on activities caring policy, social beneficiaries; constructing and repairing 275 gratitude houses and 122 great unity houses; offering furniture to policy families. The province conferred “Vietnamese heroic mother” title on 432 mothers; implemented drastically measures of hunger elimination poverty reduction according to provincial criteria; by the end of 2015, the province had 1,832 poor households, making 0.64%; 4,027 near-poor households, making up 1.4%.
The 18th session of the eighth tenure’s Provincial People’s Council
Growth targets for 2016
In 2016, the province will strive for targets, including: to ensure economic stability, higher economic growth rate than in 2015; enhancing the implementation of Provincial Party’s action programs; restructure the economy towards a rapid and sustainable development, enhancing productivity, efficiency and competitiveness; bettering socio-economic infrastructure, fostering urban – services; proactively responding to climate change, efficiently managing natural resources and environmental protection; enhancing national target program of new rural construction; implementing drastically solutions for sustainable poverty eradication; ensuring social security, improving the people’s material and spiritual life; strengthening national defense - security, political stability, social order and safety; accelerating administrative procedure reform, anti-corruption, thrift practice; improving foreign affairs.
PPC worked out development orientations for each sectors. Regarding economic sector, the province will focus on improving the quality, efficiency and competitiveness of industrial production; encourage the development of supporting industries, industries catering for agricultural production; keep improving the investment environment to motivate production, investment attraction after TPP; enhance investment attraction according to provincial planning; limit investment licensing outside industrial parks; transfer use purposes of some southern industrial parks for service – trade development.
Besides, the province will implement solutions to rapidly develop services, especially industries with high advantages, technologies, and high added value; call for investments in markets, supermarkets, trade centers according to planning, and reorganize market order, urban face; promoting market stabilization programs accompanied by “Vietnamese people give priority to Vietnamese goods” campaign; strengthen market management, combat smuggling and commercial frauds, counterfeiting to protect consumer’s interests and to create an environment for fair competition; enhance trade promotion, market expansion.
The province will mobilize resources for key projects, implement Binh Duong urban development program in the 2016-2020 associated with the general planning for urban development, strictly manage investments in residential areas, social housing…
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Specific targets in 2016:
1. Gross regional domestic product (GRDP) rise 8.2%;
2. The economic structure: industry (63.2%), services (23.3%), agriculture (4.3%);
3. Per capita GRDP reach about VND 108.3 million/year;
4. Index of Industrial Development (IIP) rise 8.7%; export turnover increase 16.5%;
5. Total budget revenue reach VND 39,000 billion;
6. FDI capital attraction reach over $ 1.4 billion;
7. Total social development investment rise 11.3%.
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Reported by Thu Thao - Translated by Ngoc Huynh