Overview of the press conference on the afternoon of April 23rd – Photo: VGP/ Huu Chung
Positive Economic Growth and Robust Recovery
At the press conference, a representative from the Binh Duong provincial People’s Committee reported on the socio-economic development, national defense and security situation in the first quarter and the first 4 months of 2024, and the key tasks for the second quarter of the year.
Accordingly, Binh Duong province’s socio-economic situation continued to witness positive changes, with a gradual recovery underway. Most indicators improved compared to the same period in 2023.
Specifically, economic growth increased at a high and relatively even rate across the regions. The province’s GRDP growth rate in the first quarter increased by 5.27% compared to the same period in 2023. The index of industrial production in the first quarter was estimated to have increased by 3.87%; in the accumulated 4 months, it increased by 4.29% compared to the same period last year. Industrial parks attracted USD 167 million in foreign direct investment. The total retail sales of goods and service revenue in the first quarter were estimated at VND 81,177 billion, an increase of 12.5%. The accumulated revenue for the 4 months reached VND 109,375 billion, an increase of 13.02% year-on-year.
Export turnover reached USD 8 billion, an increase of 16.2%. The accumulated turnover for the 4 months reached USD 11 billion, an increase of 15.6% compared to the same period last year. Import turnover reached USD 5.4 billion, an increase of 6.3%. The accumulated turnover for the 4 months reached USD 7.6 billion, an increase of 10.5% compared to the same period last year.
Budget revenue was estimated at VND 22,072 billion, reaching 31% of the estimate assigned by the Prime Minister and an increase of 2% compared to the same period. Total budget expenditure was estimated at VND 4,653 billion, reaching 16% of the estimate with an increase of 23% year-on-year. The total disbursed public investment capital was VND 1,958 billion, reaching 12.8% of the plan assigned by the Prime Minister’s Office. The total social investment capital was estimated at VND 31,426 billion, an increase of 5.9%.
Domestic investment attracted VND 19,838 billion in registered investment capital (an increase of 0.7% compared to the same period). To date, the province has 67,962 enterprises with a total capital of VND 747,000 billion. Foreign investment attracted USD 272.4 million (equivalent to 33% of the same period). Currently, the province has 4,280 foreign investment projects with a total capital of USD 40.6 billion.
In addition, Binh Duong province is finalizing the Binh Duong Provincial Planning for the period 2021-2030, with a vision to 2050, based on feedback from the National Appraisal Council. At the same time, the province is conducting investment procedures for 8 social housing projects with a scale of 39 hectares, including 13,046 apartments and a total floor area of approximately 933,514 square meters.
Healthcare and disease prevention, education and training have always received significant attention. Administrative reforms, digital transformation, and online public services have progressed well. The situation of military conscription, crime suppression, and rescue and relief work has been effective. External relations and investment cooperation have been maintained actively.
Resolving Difficulties, Creating Conditions for Investment Attraction and Infrastructure Upgrade
Continuing to implement instructions from the Central Government, National Assembly, Prime Minister’s Office, Provincial Party Committee, Provincial People’s Council, and the Provincial People’s Committee’s plan on local socio-economic development; continuing to effectively implement tasks and solutions according to the Socio-Economic Recovery and Development Program; and the National Target Programs implemented in the province. Prepare the necessary content for the mid-year regular session of the 10th Provincial People’s Council in 2024.
At the same time, Binh Duong is also focusing on addressing difficulties and obstacles faced by people and businesses. Effectively implement solutions from the State Bank to create favorable conditions for people and businesses to access credit capital. Organize activities to promote trade and international cooperation, announce a list of industries to attract new-generation industrial investment: green energy, semiconductors, microelectronics…; develop criteria for the development of high-tech ecological industries. Complete a plan to support the relocation of production and business facilities and enterprises from the South to industrial parks and clusters in the northern provinces. Closely monitor weather conditions and ensure irrigation water and agricultural production materials. Strengthen forest protection and natural disaster prevention.
Finalize the 5-year Land Use Master Plan (2021 – 2025); focus on resolving difficulties related to land price appraisal to serve the work of compensation, site clearance, and determining financial obligations related to land for investors implementing projects. Finalize the Plan for Land Exploitation, Generating Land-Based Revenue to Serve Socio-Economic Development in the Province for the 2024-2025 period and towards 2030.
Finalize the provincial planning and submit it to the Prime Minister for approval; implement the Provincial Party Committee’s Resolution on the renovation, upgrading, and improvement of essential technical infrastructure in urban and rural residential areas; regularly inspect and address difficulties and obstacles related to real estate projects, accelerate the investment and construction progress of key traffic works, and disburse public investment capital.
Develop and implement a Plan for the arrangement and relocation of the medical cluster on Yersin Street and the provincial General Hospital; accelerate the investment progress of the 1,500-bed General Hospital.
At the press conference, major issues of interest to press agencies included: security and order, healthcare, education, social security; site clearance issues for key projects; the labor market situation; the plan for the construction of social housing; management of spontaneous childcare facilities; and environmental pollution. Representatives from relevant ministries and agencies provided straightforward and specific responses to the reporters’ questions.
