Binh Duong’s domestic investment surpasses FDI for first time

Domestic investment in the southern province of Binh Duong topped 62.3 trillion VND (3 billion USD) as of August 15, up 2.1% annually, surpassing the foreign direct investment (over 2.5 billion USD) for the first time, reported the provincial People’s Committee at a press conference on August 30.
Binh Duong’s domestic investment surpasses FDI for first time ảnh 1At a factory in Binh Duong (Photo: VNA)

BinhDuong (VNA) – Domestic investment in the southern province of BinhDuong topped 62.3 trillion VND (3 billion USD) as of August 15, up 2.1%annually, surpassing the foreign direct investment (over 2.5 billion USD) forthe first time, reported the provincial People’s Committee at a pressconference on August 30.

DeputyDirector of the provincial Department of Industry and Trade Nguyen Thanh Hasaid so far this year, the province’s total retail sale of goods andservices topped 177.8 trillion VND, marking an 18.7% rise year-on-year.

Itsexports also hiked 7.8% annually to over 24 billion USD while imports droppedby 5.1% to 17 billion USD, contributing to a trade surplus of 7 billion USD.

Ata regular meeting of the local authorities, Chairman of the provincial People’sCommittee Vo Van Minh said the implementation of local socio-economic targets are meeting schedule.He asked departments and agencies to closely follow market situation and goodsprices, ensuring supply-demand balance in service of production andconsumption.

Theywere also urged to clear up difficulties faced by businesses and workers,especially those in the sectors of wooden furniture, apparel, leather and footwear.

Minh requested removing obstacles in assessing theestimate of procurement bidding packages, upholding the efficiency of poolinginvestment in important transport infrastructure, contributing to making thebest use of domestic investment capital, particularly public investment./. 

VNA

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