Right from the beginning of the year, Binh
Duong effectively implemented measures to prevent and control Covid-19, in
association with continual improvements of the investment environment to
enhance competitiveness and strengthen the support for development of
enterprises through perfecting the socio-economic infrastructure system and
promptly solving difficulties and problems to create favorable conditions for
investors and enterprises to promote production and investment cooperation.
With
the prosperity of important export markets such as the US, Korea, Japan, Taiwan,
and Hong Kong, many key industries of the province such as wood processing and
furniture manufacturing, machinery, footwear, textiles and garments saw an
increase in new export orders. This is a good signal to promote industrial
production activities in the province. General Director of Thuan
An Wood Processing Joint Stock Company, said that in the early months of 2021,
although the production and business activities of the wood processing industry
were still facing many difficulties, Thuan An Wood Processing Joint Stock
Company still strives to maintain stable production and export activities.
Enterprises are also making good use of the signed Free Trade Agreements (FTAs)
to expand international trade and new export markets, avoiding over-dependence
on any market. The good sign is that wooden furniture in the last months of
2020 and early 2021 have returned to export orders. The company continuously
increases shifts and recruits more employees to ensure the progress,
contributing to promote the company's growth in the following years.
Workers work overtime to keep up with export orders
Currently,
Binh Duong has over 8,500 enterprises operating in industry, in which, FDI
enterprises are accounted for 26.4% of the total number and for 63.3% of the
value of industrial production in the area. The export value of FDI enterprises
is accounted for over 82% of the total export turnover, focusing mainly on the
US market (accounting for 31.5%), South Korea (accounting for 10%), and Japan
(accounting for 9%), Taiwan (accounting for 7.4%), and Hong Kong (accounting
for 6.6%).
Although
trading with many countries is still difficult, many enterprises in Binh Duong
through the form of online product introduction and promotion have received
large orders, ensuring production and exportation. Currently, many businesses
have received orders until the second quarter of 2021, some businesses even
have had orders until the end of 2021. Besides, the support and timely
solutions to difficulties for businesses to push production and business
activities of all levels and branches in the province over the past time have
contributed to make the industry maintain its growth rate. Accordingly, the
industrial production index of the whole industry in the first quarter of 2021
was estimated to increase by 6.89% year on year. In which, the manufacturing
sector increased by 6.88% year on year. The industry continues to play a key
role of driving the overall growth, accounting for 98.9% of the industrial
production value.
The
prosperity of the industry in the difficult economic context of the on-going
epidemic is the result of efforts from the province to departments, branches
and localities. A series of radical, feasible and synchronous solutions have
been deployed. In particular, the foremost important task is to continue with administrative
reforms, focusing on solving difficulties for production and business
activities, ensuring enterprises to stabilize their production. At the same
time, the business investment environment is improved by accelerating projects
for sustainable industrial development and promote investments into the
construction of infrastructure and attraction of more production projects in
industrial zones and clusters. Favorable conditions are offered to support
enterprises to develop production and business and well exploit the existing
strengths of the industrial development.
Mr. Nguyen
Thanh Toan - Director of Binh Duong provincial Department of Industry and
Trade, said that in addition to supporting and creating favorable conditions
for businesses, the department also coordinates with Binh Duong provincial
Management Board of industrial zones to promote investment into infrastructure
and attraction of more production projects into industrial zones and clusters;
the state management of land is strengthened to offer favorable conditions for
supporting enterprises to develop production and business; the attraction of
investment is promoted for projects using high technology, clean technology,
competitive products, and environmentally friendly. The Department continues to
promote investment promotion and prepare fully for major investors with
long-term strategy to strengthening management, to support and strive to
increase the industry index by 9.2% by 2021.