Binh Duong: GRDP per capita reached 181.2 million VND

On December 25th, providing information on the socio-economic, national defense, and security situation in 2024, Mr. Vo Anh Tuan, Chief of the Office of the People's Committee of Binh Duong Province, stated that the province's Gross Regional Domestic Product (GRDP) in 2024 is estimated to increase by 7.48% (compared to only 5.00% in 2023); GRDP per capita is expected to reach 181.2 million VND.

According to Mr. Tuan, in 2024, Binh Duong province's industrial production achieved a relatively high growth rate compared to the same period, with key industries recovering positively and stabilizing. The industrial production index (IIP) is estimated to increase by 7.6% (compared to 6.1% in 2023).

Mr. Van Anh Tuan, Chief of the Office of the People's Committee of Binh Duong Province, provided information on the socio-economic, national defense, and security situation in 2024.

Binh Duong province's import and export activities are experiencing many favorable conditions, with most key import and export items maintaining a relatively high growth rate compared to the same period last year. Estimated export turnover in 2024 is projected to reach US$34.5 billion, an increase of 12.7% (compared to a 10.9% decrease in 2023 and a planned increase of 9-10% in 2024). The trade surplus is expected to reach US$10 billion.

In 2024, Binh Duong province focused on implementing land procedures, planning, and infrastructure construction for industrial parks and clusters, improving quality towards green industries, circular industries, and Industry 4.0; continuing the conversion of industrial parks in the South, and relocating production facilities interspersed within residential areas to industrial parks and clusters. Total investment in the construction of industrial parks and clusters in the province reached VND 3,697 billion (99.99% compared to the same period), with industrial parks leasing land totaling 56.67 hectares and attracting foreign investment of USD 1.267 billion (accounting for 75.6% of the province's total).

Total state budget revenue in Binh Duong province reached VND 71,234 billion, an increase of 10% compared to the target set by the Prime Minister and equal to 100% of the target set by the Provincial People's Council. Total budget expenditure amounted to VND 26,759 billion, reaching 100% of the target set by the Provincial People's Council, of which the estimated implementation and disbursement of public investment capital plan for 2024 by the end of the year reached over 105% of the target set by the Prime Minister.

The per capita GRDP of Binh Duong province in 2024 is expected to reach 181.2 million VND.

In 2024, Binh Duong province continued to attract over 80 trillion VND in registered domestic business capital and over 2.2 billion USD in foreign investment. To date, the province has 73,600 domestic enterprises with a total registered capital of 807 trillion VND and 4,400 foreign-invested projects with a total registered capital of 42.4 billion USD. Total social development investment is estimated at 162 trillion VND, an 11% increase compared to 2023.

Regarding the economic development plan for 2025, the leaders of the Binh Duong Provincial People's Committee have set a target of a 10% or higher increase in Gross Regional Domestic Product (GRDP) compared to 2024. To achieve this goal, in 2025, Binh Duong province will strengthen investment, consumption, and exports, along with restructuring the economy towards a new growth model, enhancing competitiveness and sustainable development. Emphasis will be placed on developing the digital economy, green economy, circular economy, and night-time economy.

The leaders of Binh Duong province affirmed their commitment to creating a favorable environment to attract investment, especially in high-tech fields and potential industries such as semiconductor chips and innovation. The province will also address difficulties related to mechanisms and policies, and promote the completion of key projects. They will accelerate the disbursement of public investment capital from the beginning of 2025, eliminate inefficient projects, and maximize the mobilization of resources for investment in the development of transportation infrastructure, industry, urban areas, services, culture, health, education, and sports. They will control credit outstanding to align with economic growth, focusing on priority production and business activities and controlling credit risks. Furthermore, they will support businesses and individuals in accessing credit, aiming to minimize illegal lending.

“In 2025, the province will promote e-commerce and expand import and export markets, reducing dependence on traditional markets; stabilize prices and supply and demand of goods, and combat origin fraud. We will address difficulties to stabilize and develop the real estate, labor, and science and technology markets to improve the efficiency of mobilizing and utilizing resources for production and business,” the leaders of Binh Duong province affirmed.

Source: https://thoibaonganhang.vn/binh-duong-grdp-binh-quan-dau-nguoi-dat-1812-trieu-dong-159330.html