Business

Binh Duong records high economic expansion in Q1

The southern industrial hub of Binh Duong is likely to record a 16.2% rise year on year in exports of nearly 8 billion USD in the first quarter of 2024 thanks to the strong recovery of local firms.
Binh Duong records high economic expansion in Q1 ảnh 1A corner of Binh Duong (Photo: VNA)
Binh Duong (VNA) – The southern industrial hub ofBinh Duong is likely to record a 16.2% rise year on year in exports of nearly 8billion USD in the first quarter of 2024 thanks to the strong recovery of localfirms.

In the first three months of this year, the province’s indexof industrial production is estimated to grow 3.87% year on year.

According to Director of the Management Board of Binh DuongIndustrial Parks Nguyen Trung Tin, in the period, businesses in localindustrial parks enjoy 10.3 billion USD in revenue, contributing 5.9 billionUSD to the province’s total exports.

Tin said that 965 million USD has been disbursed by foreign-investedprojects in local industrial parks.

Thanks to the recovery in production and good economic growth,Binh Duong has collected 18.41 trillion VND (743.23 million USD) of Statebudget so far this year, fulfilling 26% of the yearly target.

In order to continue promoting economic growth, Chairman of the provincialPeople’s Committee Vo Van Minh has asked departments, sectors, and localitiesacross the province to focus on removing difficulties and obstacles facing realestate projects, while speeding up public investment disbursement.

Binh Duong will continue to create favourable conditions for local businessesand people to access credit, he pledged./.
VNA
#Binh Duong #economic growth #public investment disbursement #Vietnam #Vietnam news #Vietnam News Agency
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