Binh Duong has attracted over 3 billion USD in FDI so far this year. (Photo: VNA)Binh Duong (VNA) – The southernprovince of Binh Duong has so far this year attracted over 3 billion USD in foreigndirect investment (FDI), taking the lead in the Southeast region, according toNguyen Tam Duong, chief of the Office of the provincial People’s Committee.
Binh Duong has estimated its gross regionaldomestic product (GRDP) growth at 8.01% and GRDP per capital at 170 million VND(7,100 USD), he said at a press conference on the local socio-economic situation in2022.
The locality's index of industrialproduction is expected to expand 8.9% while its total retail sales of goods and services increased by 16.8%.
Its budgetrevenue is estimated at 61.9 trillion VND, equal to 103% of theestimate and budget expenditure is forecast to reach 18.5 trillion VND.
BinhDuong's total import and export turnover hit nearly 61.5 billion USD, of which,export reached 35.7 billion USD, up 9% year-on-year, resulting in a trade surplus of 10 billion USD. Total social investment capital reached over 154.5 trillion VND, up 12.9% year-on-year.
Thisyear, the province has fulfilled 29 out of 34 socio-economic developmenttargets.
Despitefacing many unpredictable challenges, Binh Duong's socio-economy has recoveredand achieved many positive results in all fields. Cultural and social activitiesquickly recovered and prospered in line with safe, flexible and effective adaptationto the COVID-19 pandemic.
However,the province still has to cope with a lot of difficulties such as adversedevelopments of the world's economic and political situation which cause global inflation to rise, an economic slowdown and a decline in consumerdemand in most countries. These challenges are likely to last until the firstquarter of next year.
The official said in the coming time, Binh Duong will continue to effectivelycontrol the COVID-19 pandemic, infectious and newly-emerged diseases; promoteeconomic restructuring towards increasing the proportion of the service sector;concentrate all resources on infrastructure, urban-service development as a premisefor sustainable development of the province towards a smart, civilised andmodern city./.
