Binh Duong sets to achieve 8% GRDP growth this year

At a wood processing factory in Binh Duong. (Photo: VNA)

Binh Duong (VNA) – The southern industrialprovince of Binh Duong eyes to achieve a Gross Regional Domestic Products(GRDP) growth of 8% this year, heard a conference held by the provincial Party Committeeon September 29.

The local economy is back on track post-pandemic, with theGRDP expanding 5.3% in Q1, 8.35% in Q2, and8.27% in Q3, compared to the corresponding periods last year. The nine-month figure was7.36% year-on-year.

With this trend, Binh Duong’s economic growthwill be likely to exceed 8%.

By the end of this year’s third quarter, the province had earnedan estimated 48.5 trillion VND (2.03 billion USD) in State budget revenue,representing 81% of the yearly plan. It attracted 2.6 billion USD in FDI duringthe period, 45% higher than the yearly goal and up 74% from a year earlier.

Its export turnover rose by 11.9% year-on-year to over27 billion USD while imports totalled more than 19 billion USD, down 1.6%year-on-year. Trade surplus stood at nearly 8 billion USD.

Industrial production continued to rise, with no disruptionsin supply chains reported despite impacts of global political uncertainties,according to Chairman of the provincial People’s Committee Vo Van Minh./.

VNA