Market information

General information about the economic situation of Binh Duong province (as of August 2023)

Fresh fruit
26/06/2024 - Tỉnh Bình Dương

TTĐT - ​Gross regional product (GRDP) in the first 6 months of 2023 increased by 3.76% compared to the same period in 2022 (same period increased by 5.97%); of which: industry - construction increased by 2.94%; services increased by 5.9%; agriculture, forestry and fisheries increased by 3.28%; Product tax minus product subsidies increased by 5.62%. It is expected that GRDP in 2023 will increase by 6.0% over the same period (plan 8 - 8.3%).

Industry continues to maintain a high growth rate and plays an important role in promoting the development of other industries and sectors of the economy. Accumulated for 8 months, the Industrial Production Index increased by 3.4% over the same period (of which processing and manufacturing increased by 3.5%; water supply and wastewater and waste treatment increased by 3.0%. 1%; mining decreased 1.9%; electricity production and distribution decreased 2.9%). It is estimated that by the end of 2023, the Index of Industrial Production (IIP) will increase over 6.5% (planned to increase over 8.7%/year).

Regarding industrial park and industrial cluster activities: in the first 6 months of 2023, secondary investors have invested in building infrastructure and factories with a total capital of 994 billion VND (equal to 46.5% compared to over the same period), industrial parks have leased 31 hectares of land, attracting foreign investment of 382 million USD (accounting for 72% of the whole province). Enterprises in the industrial park have disbursed 998 million USD, revenue reached 18.7 billion USD, exports reached 11.8 billion USD (accounting for 78.1% of the whole province). Focus on implementing land procedures, planning, infrastructure construction of VSIP III Industrial Park phase 2, investment procedures for Cay Truong Industrial Park according to regulations.

Trade and services maintain a good growth rate, promote international economic integration, and perform well the function of supplying and consuming goods to serve the production, export and import process. Total retail sales of goods and service revenue in the first 8 months of the year reached 200,415 billion VND, up 12.9% over the same period, by the end of the year it is estimated to increase 14%/year (planned to increase 15%). The eight-month average consumer price index increased by 3.3% over the same period, gold price increased by 2.5%, and US dollar price increased by 2.5%.

Export and import: accumulated in 8 months, export turnover reached 20 billion 418 million USD, down 15.3% over the same period, estimated for the whole year 2023 to reach 32 billion 600 million USD. Import turnover reached 14 billion 310 million USD, down 15.5% over the same period, estimated for the whole year 2023 to reach 23 billion 100 million USD.

Focus on developing sustainable and effective agriculture, increasing the scale of agricultural product production, ensuring the ecological environment, and adapting to climate change. Currently, the coverage rate of forestry and perennial trees is always maintained at 57.5%; 100% of communes and 50% of districts in the province are recognized as meeting new rural standards. It is expected that by the end of 2023, 100% of communes will meet advanced new rural standards; 100% of rural residents use clean and hygienic water.

Total social development investment capital is estimated at 109,924 billion VND, an increase of 11.4% over the same period; Of which, State capital is 13,713 billion VND, an increase of 91.6%; non-state capital 53,041 billion VND, an increase of 4.4%; Foreign investment capital is 43,170 billion VND, an increase of 6.1%, estimated to reach 164,300 billion VND for the whole year 2023.

Attracting foreign investment continues to achieve many positive results, in the first 8 months of 2023, it attracted 01 billion 275 million USD (reaching 70.8% of the plan, equal to 49% over the same period), including 80 new projects (453 million USD), 24 projects to adjust capital increase (82 million USD), 28 capital contribution projects (66 million USD); There are 04 projects with capital reduction (15 million USD). Accumulated to August 31, 2023, the whole province has 4,162 foreign-invested projects with a total registered capital of 40.2 billion USD.

Budget: new budget revenue is estimated to reach 4,461 billion VND; Accumulated revenue in 8 months reached 41,340 billion VND, equal to 93% over the same period, reaching 61% of the Provincial People's Council estimate. Of which: domestic revenue is 31,090 billion VND, up 2% over the same period, reaching 65% of the Provincial People's Council estimate; Revenue from export and import is 10,250 billion VND, equal to 73% over the same period, reaching 51% of the Provincial People's Council estimate. Local budget balancing expenditure is estimated at 1,230 billion VND; Accumulated spending in 8 months reached 11,400 billion VND, up 19% over the same period, reaching 38% of the Provincial People's Council's estimate.

"Source: www.binhduong.gov.vn"

Watermelon
Quantity: 1500
Season: Năm 2023
Tỉnh Bình Dương
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