Effectively utilize resources to create breakthroughs in growth

Since the beginning of the year, although there have been certain difficulties, with determination and great efforts in the direction and management, Binh Duong's economic picture has had "bright spots" in terms of growth compared to the whole country. To achieve encouraging results, Binh Duong has focused on removing difficulties and obstacles in production, business, and export activities; along with that, effectively utilizing investment resources of the whole society, taking public investment as the leading role, creating momentum, contributing to the province's economic growth of 8.7% in the first 6 months of 2025.

Binh Duong effectively utilizes resources to invest in connecting traffic infrastructure to create momentum for development in the entire region. In the photo: Construction of Ho Chi Minh road through the province

Economic growth is positive

Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, said that 2025 is a year of special importance, the last year of implementing the 5-year socio-economic development plan 2021-2025, the year of Party congresses at all levels, towards the 14th National Congress of the Party; at the same time, the whole country is focusing on implementing the arrangement and reorganization of the administrative apparatus, the model of organizing two-level local governments... With efforts in direction and administration, Binh Duong has made breakthroughs in development, closely following the directions of the Provincial Party Committee and the Central Government, helping the province's socio-economic situation continue to achieve many positive results in most fields, national defense and security continue to be maintained and stable.

Mr. Vo Van Minh, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee: In the first 6 months of 2025, the province's GRDP increased by 8.7%, higher than the same period in 2024, showing a rapid and effective recovery from business support policies. The investment environment has been improved thanks to Binh Duong promoting administrative reform, digitizing processes, and promptly removing difficulties for businesses. Binh Duong has initially formed an innovative ecosystem, ecological industry and logistics center associated with modern services, creating momentum for new growth. The achieved results affirm that Binh Duong's development orientation is correct, in line with the trend of digital transformation, green economy, globalization, etc.

Notable results: Gross Regional Domestic Product (GRDP) in the first 6 months of the year is estimated to increase by 8.7%; Industrial Production Index (IIP) increased by 10.19%; Commercial electricity output is estimated at 8.4 billion kWh, up 3.37% over the same period in 2024. Import-export activities in the province continue to maintain a good growth rate, with export turnover estimated at more than 18.4 billion USD (up 13.9% over the same period in 2024); import turnover is estimated at over 13 billion USD, helping the trade balance to have a trade surplus of 5.4 billion USD. Along with that, retail sales of goods and services in the province are estimated at 195,634 billion VND, up 18% over the same period in 2024, contributing to brightening the economic growth picture of the province. In particular, Binh Duong's budget revenue is estimated at 44,851 billion VND, reaching 62% of the Prime Minister's assigned estimate and 57% of the adjusted estimate of the Provincial People's Council, making a positive contribution to the economy and ensuring social security.

Binh Duong's economic picture has another "bright spot" as domestic and foreign investors continue to place their trust in the province. Specifically, the province has attracted VND 67,569 billion in domestic investment capital, up 27%, and USD 850 million in FDI capital, 2.3 times higher than the same period in 2024. Binh Duong also promoted investment and granted investment certificates to domestic and foreign projects with a total converted capital of nearly USD 3 billion.

Effective use of investment resources

According to Mr. Nguyen Thanh Toan, Director of the Department of Finance, the economic recovery signals of the province in the first 6 months of 2025 have had positive contributions from social development investment resources, in which public investment continues to play an important role in leading private investment, creating growth momentum in all economic sectors. With 77,559 billion VND of total social development investment capital absorbed into the provincial economy, it has created new impulses to accelerate development, achieving the target of double-digit growth. In addition, to effectively implement the 100-day emulation period for disbursing the public investment plan in 2025, the province assigned specific tasks to each department, branch, and locality to regularly monitor, grasp the situation, and check the progress of key projects. Up to this point, the total value of disbursed public investment capital in the province is estimated at 4,293 billion VND.

Chairman of the Provincial People's Committee Vo Van Minh noted that in order to maintain growth momentum in the coming time, it is necessary to continue focusing on removing difficulties in production, business and export activities of enterprises; speeding up the disbursement of public investment capital, site clearance, and construction progress of key projects such as Ho Chi Minh City Ring Road 3 through the province, BOT National Highway 13...

The Chairman of the Provincial People's Committee also noted that all levels, sectors, localities, and investors should synchronously deploy solutions to ensure revenue sources and balance state budget revenues and expenditures; actively implement preferential credit packages, create favorable conditions for people and businesses to access capital for production and business activities; focus on implementing the work of arranging and reorganizing administrative apparatus at all levels, ensuring continuous, stable and effective operations.

MINH DUY - THANH TUYEN

Source: https://baobinhduong.vn/van-dung-hieu-qua-cac-nguon-luc-tao-but-pha-trong-tang-truong-a348766.html