Overview of the conference

The economic growth rate has increased by 7.05%

According to the Provincial Party Committee's report, in the first 9 months of 2024, out of 20 socio-economic and Party development targets, 06 targets have met and exceeded the annual plan, 09 targets have reached over 65% of the annual plan, the remaining targets will be evaluated at the end of the year.

Mr. Nguyen Hoang Thao – Standing Deputy Secretary of the Provincial Party Committee chairs the conference

Notably, the province's economic growth rate in the first 9 months is estimated to increase by 7.05%. The production and business situation of enterprises have changed positively, key export industries have gradually recovered and have had more orders. The Index of Industrial Production (IIP) in the first 9 months is estimated to increase by 6.31% (in the same period last year, it increased by 4.2%). Total retail sales of goods and service revenue in the first 9 months are estimated to reach 255,099 billion VND, which increased by 12.7% over the same period last year, and higher than that of Viet Nam (8.5%).

Budget revenue was 51,014 billion VND, reaching 71% of the adjusted estimate assigned by the Provincial People's Council and 79% of the estimate assigned by the Prime Minister, increased by 16% over the same period. Total budget expenditure was 11,832 billion VND, reaching 39% of the adjusted estimate assigned by the Provincial People's Council, equivalent to 82% of the same period, of which the disbursement of public investment capital up to October 1, 2024, was 6,621 billion VND, reaching 31.5% of the plan assigned by the Provincial People's Council and 43.3% of the plan assigned by the Prime Minister.

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Import and export activities have positive changes

Import and export activities have many advantages. Specifically, export turnover is estimated to reach more than 25.6 billion USD, up 13.7% over the same period in 2023. Import turnover is estimated at 18.2 billion USD, up 13.4%.

In the first 9 months, Binh Duong attracted 58,988 billion VND in registered domestic capital (85.7% of the same period) and 1.56 billion USD in foreign investment capital (86.86% of the plan, equal to 94.1% of the same period). Up to now, the province has 71,776 domestic enterprises with a total registered capital of 786,000 billion VND and 4,347 foreign-invested projects with a total registered capital of 42 billion USD.

Social security work has been focused on; policies and regimes for meritorious people, policy beneficiaries, social beneficiaries, the underprivileged people, and workers on holidays and Tet are carefully implemented.

Mr. Nguyen Thanh Toan – Director of the Department of Industry and Trade discusses the province's economic development in the first 9 months of 2024

Assessing the economic development results of the province, Mr. Nguyen Thanh Toan - Director of the Department of Industry and Trade said that industrial production activities in the first 9 months of the year have improved, and the province's key export industries have gradually recovered. However, some other industries and fields, especially the supporting industry, still have difficulties. For example, the cost of raw materials and transportation is still high and tends to increase, that of imported raw materials has increased slightly, etc. affecting the province's IIP. To maintain and accelerate the IIP and the import and export situation, the Department of Industry and Trade will implement activities to support businesses in promoting domestic and international trade, expanding international markets such as Europe, the United States, the Middle East, and India. The department will also coordinate to support technology transfer, application of advanced machinery, and scientific and technical advances in production.

Striving to rise and affirm the role of economic locomotive

Discussing the tasks that need to be focused on in the rest of 2024, Standing Vice Chairman of the Provincial People's Committee Mai Hung Dung emphasized that in the context of difficulties and challenges, in order to maintain and promote the achievements in the past 9 months as well as to fulfill the socio-economic development plan for 2024, all sectors and levels must not be negligent or subjective, but must be proactive and determined in directing, operating, supporting production and business, and promoting socio-economic development depends on the situation.

Standing Vice Chairman of the Provincial People's Committee Mai Hung Dung speaks at the conference

Especially, the province must focus on reviewing and removing difficulties for businesses. It should strengthen trade promotion activities, expand export markets, and develop the domestic market to consume products. Moreover, it needs to complete the Project to relocate enterprises from outside industrial parks and clusters in the South to industrial parks and clusters; and set criteria to identify ecological industrial parks and ecological enterprises in the province.

Binh Duong also has to accelerate and complete procedures, site clearance, and construction of key projects, including projects in the Transport sector (i.e. Ring Road 3, BOT National Highway 13, etc.); start construction of Ring Road 4 - Ho Chi Minh City, Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway; research and establish an investment project for the Bau Bang - Di An railway line.

Speaking at the conference, Provincial Party Secretary Nguyen Van Loi requested the Party Committee and authorities to seriously acknowledge the targets that Binh Duong's rate is lower than the Central Government's, to overcome past mistakes, strive to rise and affirm its role as one of the economic locomotives of Viet Nam.

Provincial Party Secretary Nguyen Van Loi directs the conference

Regarding the tasks for the end of the year, the Secretary requested to review the tasks and targets for 2024. We must speed up if the targets are not on schedule. The province should prepare in advance for tasks in 2025 to avoid taking 6 months to complete the documents. It must strive to increase the budget revenue in 2024 by over 10% and the estimate for 2025 by over 12%, equivalent to 80,000 billion VND. The province will make efforts to increase revenue, especially those that 100% of the localities would enjoy. Binh Duong should implement auctions of land use rights, creating revenue from land for development; arrange from 1,000 to 1,500 billion VND for localities to renovate urban areas; and arrange funds for education and health. The investment project for education must ensure the completion of each grade and each level so that students can study 2 sessions/day.

The province would put the 1,500-beds hospital into operation in 2025 and strongly implement digital transformation of electronic health records and national passports. The digital transformation program of the health sector must be strictly implemented, all clinics must be connected to the interconnection axis.

Thu Dau Mot University and Eastern International University should quickly complete the project report on development, land planning, facilities, and human resource training in the field of semiconductor chips and the new generation industry.

Binh Duong would perfect social investment policies for Health, Education, criteria for ecological industrial parks, Resolution on urban beautification, and urban reconstruction of Thuan An, Di An, Thu Dau Mot.

It would also implement the Provincial Planning; develop the Project to upgrade Binh Duong Province to a centrally-governed city by 2030; approve and announce the District Plannings. It would speed up the establishment of the Concentrated Information Technology Park and the 220-hectare High-Tech Park in the Binh Duong New City.

The province would focus on procedures to start construction of Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway and Ring Road 4; develop a resource mobilization project and a pre-feasibility study report for the Suoi Tien - Binh Duong New City urban railway and the Bau Bang - Di An railway; urgently complete investment procedures for the project to build a standard Provincial Political School at a new location, striving to start construction in 2025.

It would continue to focus on well implementing social security policies, and taking care of policy families, the poor, and workers, especially at the end of the year and the Lunar New Year; improve the quality of education and training at all levels, research and expand the bilingual teaching model in schools. The health sector must ensure that there are enough medicines, equipment, and medical supplies to serve the examination and treatment of people and stop the shortage of medicine.

The dedication of the authorities inspires and gives trust to investors

Binh Duong would strengthen the work of meeting people and handling complaints and denunciations, especially land, housing, and administrative disputes. It would not ignore workers' reflections, and "thoroughly" resolve reflections and recommendations to protect the legitimate rights and interests of workers. The province would grasp the political and ideological situation and public opinion on cyberspace to promptly handle, and maintain security and order, especially in preparation for Party Congresses at all levels and provincial events. Party committees and grassroots Party organizations would urgently focus on preparing for Party Congresses at all levels, completing one month ahead of the Central's regulations. It would focus on preparing to build quality, concise Congress documents that look straight at the truth. Personnel work is a key task, so it is necessary to pay attention to directing and implementing strictly to ensure correct procedures, regulations, and the right people to select cadres who dare to think, know how to do, and work for the common benefit to be in the Executive Committees at all levels in the future.

"In the near future, we must focus on resolving and thoroughly handling the backlog of people and businesses at agencies and units, creating an open investment environment without causing obstacles or inconvenience to people and businesses. The dedication of the authorities would inspire and create trust for investors." - The Provincial Party Secretary emphasized.

The Secretary believed that all levels and sectors would make efforts, unite, and strive to fulfill the targets of the 2024 plan.

Creating an open investment environment, without causing obstacles or inconvenience to people and businesses​