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Thứ 3, Ngày 04/06/2024, 09:00
Binh Duong: The socio-economy has many improvements
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04/06/2024

PORTAL - On the afternoon of June 03, at the Administration Center of Binh Duong province, Mr. Vo Van Minh - Chairman of the Provincial People's Committee (PPC) chaired the 62nd PPC Meeting to approve the socio-economic situation in May 2024 and review the content of policy formulation.

Attending were Vice Chairmen of the PPC along with members of the PPC, and leaders of departments, branches, and localities.

Investment attraction is expected to reach the set target​​

According to the report, in May 2024, the province's socio-economic situation continues to develop stably. Industrial production, trade - services, and exports all increased. Budget revenues and expenditures are in accordance with estimates. Foreign affairs and international cooperation continue to promote effectiveness. Political security, social order, and safety are maintained, and traffic accidents reduce all 3 criteria.

The industrial production index in May 2024 is estimated to increase by 1.34% compared to the previous month. Accumulated in the past 5 months, it increased by 4.68% over the same period.

Total retail sales of goods and consumer service revenue increased by 13.8% over the same period; accumulated 5 months, up 13.1% over the same period. The 5-month average consumer price index increased by 2.88%. Gold price increased by 23.15%.


Overview of the Meeting

Export turnover is estimated at 3 billion USD, up 9.4% over the previous month. Accumulated 5 months reached 13.8 billion USD, up 13.9% over the same period. Import turnover is estimated at 2 billion USD, up 6.6% over the previous month. Accumulated 5 months reached 9,4 billion USD, up 9.4% over the same period.

As of May 21, 2024, the total value of public investment disbursement reached 3,357 billion VND, reaching 15.3% of the Provincial People's Council plan and 22% of the plan assigned by the Prime Minister.

As of May 15, 2024, domestic investment attracted 7,000 billion VND of registered business capital. Accumulated in 5 months, it has attracted 27,000 billion VND (up 12.1% over the same period). By May 30, 2024, foreign investment attracted 102,6 million USD. Cumulatively in 5 months, it has attracted 588,7 million USD (reaching 64.4% over the same period).

According to the leadership of the Provincial Industrial Zones Authority, it is expected that by the end of 2024, the province's foreign investment attraction will reach the set target of 1,8 billion USD.

Cumulative 5-month budget revenue is estimated at 30,813 billion VND, up 10% over the same period, reaching 47% of the Provincial People's Council's estimate.


 

The province's socio-economic situation in the first 5 months of 2024 has improved

Mr. Le Van Danh - Deputy Director of Binh Duong Provincial Customs Department said that up to now, the unit has collected 7,042 billion VND in budget, reaching 42% of the 2024 target plan. In 5 months, 5,800 enterprises came to complete customs procedures at Binh Duong Customs Department, up 4% over the same period last year, showing an improvement in production and business activities. The prevention of revenue loss through inspection and supervision of the implementation of customs procedures, tax management, post-customs clearance inspection, specialized inspection, internal inspection, and fight against smuggling and trade fraud is paid attention to and implemented effectively by the Binh Duong Customs Department.

Regarding the labor situation, Mr. Trinh Duc Tai - Director of the Department of Labor, War Invalids and Social Affairs said that during the month, 625 enterprises needed to recruit 6,000 workers, provided 12,000 people with job counseling, and 7,000 people received jobs. The Department advised the PPC to implement a model for collecting information about employees. The Department has coordinated with the Police to speed up implementation progress. In the spirit of "being sure of what have done", the model has been deployed more than 30%; basically, it will be completed in July. According to the assessment, from now until the third quarter of 2024 there will still be many difficulties, the Department will closely monitor the operations of enterprises and the employment of workers. At the same time, directing the Employment Service Center through forms of strengthening the connection between labor supply and demand.

Review the investment policy of the An Dien Inland Port Project

The meeting reviewed the investment policy of the An Dien ICD Project proposed by Ben Cat Logistics Joint Stock Company in An Tay ward, Ben Cat City.

As reported by the Department of Planning and Investment, the project has a total registered investment capital of more than 255,5 billion VND and is expected to come into operation in the first quarter of 2028.

The project aims to build a modern ICD, with a synchronous warehouse system and equipment. The land area used for the project is expected to be about 79,710 m², with throughput capacity from 58,500 to 93,600 TEU per year in the 2020-2025 period. This is part of Binh Duong's logistics development strategy, to meet the increasing demand for goods transportation and promote the regional economy.


 

Mr. Lai Xuan Dat - Deputy Director of the Department of Planning and Investment reports on the An Dien ICD Project

According to the assessment of the Department of Construction, Department of Natural Resources and Environment, Department of Industry and Trade, and Department of Transport, the An Dien Inland Container Depot (ICD) project is consistent with general planning, land use planning, zoning planning, and ICD system development planning.

The An Dien ICD project not only plays the role of an important logistics center but also is a focal point for organizing transportation associated with the activities of seaports, airports, inland waterway ports, railway stations, and road border gates.

 Ben Cat city area also is planning An Tay ICD, Rach Bap ICD together with other ICDs, creating a synchronous ICD network connecting with road DT744, Ring Road No.3, National Highway 13, and seaports in Dong Nai, Ba Ria - Vung Tau, Ho Chi Minh City.

The Department of Planning and Investment has conducted an appraisal and confirmed that the An Dien ICD project fully meets the conditions to be considered and approved by the PPC for investment policy as well as investor approval. When the project comes into operation, it will be a focal point for organizing transport, connecting goods transport vehicles, promoting multimodal transport, reducing logistics costs, and improving regional economic efficiency.

At the meeting, delegates also discussed and considered the following contents: Draft decision to transfer and receive technical infrastructure assets of Chom Sao - Suoi Don drainage axis and Binh Hoa drainage system; draft additional funding beyond the 2024 estimate for a number of agencies and units as proposed by the Department of Finance; Draft Proposal and Resolution on adjusting investment policies for the BOT Project to upgrade and expand National Highway 13; Report on the results of implementing the pilot project of a number of small-scale green growth models, etc.

 

Chairman of the PPC Vo Van Minh concludes the meeting

Concluding the meeting, the Chairman of the PPC Vo Van Minh assessed that the province's socio-economic situation in May and the first 5 months of 2024 had many bright spots, especially in the field of domestic revenue and high exports. However, industrial production growth is still low; The disbursement of public investment is higher than in the same period but lower than the national average; Many important schemes and projects of the province have been approved but there are still problems and slow implementation.

In the coming time, the Chairman of the PPC requested departments, branches, and localities to continue to focus on reviewing and removing difficulties and obstacles in production, business activities, and real estate projects; accelerate investment, construction of works, projects and disbursement of public investment capital. To effectively deploy solutions to manage State budget revenues and expenditures, the province will establish a Steering Committee to increase budget collection and prevent revenue loss. Carrying out social security work well, continuing connection and recruitment activities, and grasping the labor and employment situation; Urgently developing criteria to attract investors in industrial parks.

Regarding the contents presented at the Meeting, the Chairman of the PPC basically agreed and requested the departments and branches to adjust and complete the contents and submit them to the PPC for consideration and approval.

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