Binh Duong’s industrial development index sees slight drop
The industry development index of the southern province of Binh Duong stood at 10.1 percent in 2016, down 0.2 percent year-on-year, reported the provincial Department of Industry and Trade.
Binh Duong (VNA) – The industry development index of thesouthern province of Binh Duong stood at 10.1 percent in 2016, down 0.2 percentyear-on-year, reported the provincial Department of Industry and Trade.
Amid difficulties and challenges, local enterpriseshad to work hard and actively organised trade promotion activities to maintain businessand stable growth.
In 2016, owners of industrial parks (IP)invested over 300 billion VND (13.2 million USD) in building technicalinfrastructure systems, the department said, adding that local IPs attractedover 1.6 billion USD in foreign direct investment (FDI), accounting for 85.8percent of the total investment flow in the province.
The export value of enterprises operating in IPsand industrial clusters reached 11.8 billion USD, while their revenues hit20 billion USD.
Sectors recorded the highest growth ratesincluded water supply and wastewater treatment with 17.3 percent; electricityproduction and distribution, 13.3 percent; and mining industry, 10.4 percent.
Meanwhile, the province’s key export staples suchas electric equipment, leather products, and garment-textiles maintained stablegrowth rates, with respective rises of 18.8 percent, 8.6 percent and 6.7percent.
The local authorities approved projects toexpand the Bau Bang and Cay Truong IPs, which are hoped to lure more investmentand promote service and urban development in the locality.
Binh Duong is striving to increase its GDP growthrate to 13.3 percent in 2020 and turning itself into a key industrial centre,which will focus on developing the supporting industries, generating jobs forabout 45,000 labourers.
In 2017, the province will boost export todeveloping and regional countries along with expanding spearhead industrialsectors such electricity, electronics, telecommunications, mechanicalengineering, chemical and processing industry, the department said.
Binh Duong will give priority to producinghigh-tech and environmentally friendly products and those with high-addedvalue.-VNA
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Illustrative image (Source: //vietstock.vn) 
