March 22, 2024 | 20:07 (GMT+7)
Binh Duong records high economic expansion in Q1
The Southern industrial hub of Binh Duong is likely to record a 16.2% rise year on year in exports of nearly USD 8 billion in the first quarter of 2024 thanks to the strong recovery of local firms.
In the first three months of this year, the province’s index of industrial production is estimated to grow 3.87% year on year.
According to Director of the Management Board of Binh Duong Industrial Parks Nguyen Trung Tin, in the period, businesses in local industrial parks enjoy USD 10.3 billion in revenue, contributing USD 5.9 billion to the province’s total exports.
Tin said that USD 965 million has been disbursed by foreign-invested projects in local industrial parks.
Thanks to the recovery in production and good economic growth, Binh Duong has collected VND 18.41 trillion (USD 743.23 million) of State budget so far this year, fulfilling 26% of the yearly target.
In order to continue promoting economic growth, Chairman of the provincial People’s Committee Vo Van Minh has asked departments, sectors, and localities across the province to focus on removing difficulties and obstacles facing real estate projects, while speeding up public investment disbursement.
Binh Duong will continue to create favorable conditions for local businesses and people to access credit, he pledged.
Source: VNA