The southern industrial hub of Binh Duong is likely to record a 16.2% rise year on year in exports of nearly 8 billion USD in the first quarter of 2024 thanks to the strong recovery of local firms.
Binh Duong (VNA) – The southern industrial hub ofBinh Duong is likely to record a 16.2% rise year on year in exports of nearly 8billion USD in the first quarter of 2024 thanks to the strong recovery of localfirms.
In the first three months of this year, the province’s indexof industrial production is estimated to grow 3.87% year on year.
According to Director of the Management Board of Binh DuongIndustrial Parks Nguyen Trung Tin, in the period, businesses in localindustrial parks enjoy 10.3 billion USD in revenue, contributing 5.9 billionUSD to the province’s total exports.
Tin said that 965 million USD has been disbursed by foreign-investedprojects in local industrial parks.
Thanks to the recovery in production and good economic growth,Binh Duong has collected 18.41 trillion VND (743.23 million USD) of Statebudget so far this year, fulfilling 26% of the yearly target.
In order to continue promoting economic growth, Chairman of the provincialPeople’s Committee Vo Van Minh has asked departments, sectors, and localitiesacross the province to focus on removing difficulties and obstacles facing realestate projects, while speeding up public investment disbursement.
Binh Duong will continue to create favourable conditions for local businessesand people to access credit, he pledged./.
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The southern province of Binh Duong has planned to develop 10 more industrial parks (IP) in the 2023 - 2030 period, according to head of the provincial Industrial Park Management Board Nguyen Trung Tin.
This year, Binh Duong province plans to attract 130-140 investment projects to industrial parks (IP), securing 1.2-1.3 billion USD from foreign capital and 1.1-1.2 trillion VND (about 48.535 million USD) from domestic investors.
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A corner of Binh Duong (Photo: VNA) 
