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Thứ 4, Ngày 27/01/2016, 18:40
Binh Duong turns towards new opportunities in 2016
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27/01/2016
​BEGIC - In 2016, Binh Duong is waiting for big opportunities as deeply integrating into the global economy.
In 2015, socio-economic fields of Binh Duong achieved important results. Notably, total FDI of the province reached over 2.9 billion VND, completing 294% target; material facilities serving industrialization and urbanization have been increasingly improved.
Successes in industrialization and modernization
Nearly 20 years after the re-establishment, Binh Duong has put on a new vitality. The establishment of 7 industrial parks (IP) in 1997 was an impetus for provincial economy to shift to industry - trade and services. Remarkably, Vietnam – Singapore IP is an example of joint venture model to integrate into the global economy.
Nguyen Huu Tu, Deputy Secretary of provincial Party Committee, commented, the achievements of Binh Duong came from the enthusiasm, visionary capability of leadership generations plus people’s consensus, contributions to the overall success of industrialization and modernization… Binh Duong province is always dynamic, of a venturesome spirit. In recent years, provincial People’s Committee has carried out good solutions to utilizing resources to invest in a synchronous and modern infrastructure system. Local State budget has been efficiently disbursed to build up series of public transport, hospitals, schools, power grid, urban, residential areas...
    
  
Binh Duong province has prepared carefully for the integration process through investing in synchronously material facilities, modern and environmentally friendly industrial parks. Photo: Vietnam – Singapore 1 industrial park (Thuan An town)
  
Binh Duong province is confident and proactive for integration
Binh Duong province has vigorously changed every day: modern transport, urban areas, residential areas, commercial centers… have emerged and attracted the attention of many businesses, workers, domestic and foreign experts coming here to work and live. Obviously, the position and role of Binh Duong is being elevated, especially when Binh Duong is on the path on becoming type-1 urban city directly under the Central before 2020.
Binh Duong is welcoming New Year 2016 with many opportunities from free trade agreements (FTAs), in which Vietnam is a partner, such as: the ASEAN Economic Community (AEC), Trans-Pacific Partnership (TPP)... As an important transport hub to connect the southern key economic zone with the Mekong Delta, and Central Highlands, in 2016, the role of Binh Duong is expected to become prominent. In addition to advantages in manufacture, trade – service sector will have the opportunity to change the overall socio-economic face of the province.
Binh Duong is preparing carefully for the integration through investing in synchronously material facilities, modern and environmentally friendly industrial parks. Furthermore, the educational, health care, cultural system have been modernly built up and renovated in order to take good care of physical and spiritual life of local people, and serve domestic, foreign experts, tourists.
The year 2016 is the opening year of the 2016-2020 period, which will be a period of strong changes from Binh Duong to complete urban targets.
 
The integration process of Binh Duong is evaluated to be the fastest and superlative quality across the country. Apart from strategic partners, like: Singapore, Japan, Korea, EU ... is increasingly consolidated, in 2015, partners from North America, South America… came to Binh Duong and seek opportunities for trade cooperation. The establishment of US Trade and Industry Office in Binh Duong has shown the attractiveness of the province in mind of international friends.
According to statistics, in 1990, Song Be province’s GDP was 5.7 billion VND, while this number in 1996 increased by 2,324 billion VND. In 1997 (Binh Duong was reestablished on Jan 1st 1997), industrial production value reached 4,000 billion VND, and then, by the end of 2015, this number reached nearly 220,000 billion VND…
 
Reported by Hoang Phong, H.H – Translated by Ngoc Huynh
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