For the past few years, Binh Phuoc province has made great efforts to develop its industries and gained positive achievements.
Despite facing many difficulties, Binh Phuoc industry and trade managed to gain encouraging achievements in 2010. Industrial production value was over VND 4,415.1 billion, increasing by 21.1 percent year on year. The highest increase was the state-owned sector, reaching VND 1,291.86 billion, increasing by 42.06 percent; non-state-owned sector gained VND 2,210.24 billion, increasing by 11.99 percent; and the foreign-funded sector gained VND 913.11 billion, increasing by 19.88 percent. Industrial production achieved high density in the mining industry (VND 48.88 billion, increasing by 11.85 percent); and processing industry (VND 3,807.53 billion, increasing by 39.64 percent.)
Observing Decision 1419/QĐ-TTg by Prime Minister on approving “Strategy of clean production in industry to 2020,” in 2010, Binh Phuoc industry and trade coordinated with Cleaner Production in Industry, Ministry of Industry and Trade, to implement communication activities, raise awareness, and assist enterprises with cleaner production techniques. Provincial department has registered with MoIT to build policies and procedures in the coming time to complete the legal framework for cleaner local industrial production.
In business, commodity supply and demand was balanced with good circulation; there was no situation of lacking necessary materials, goods; prices of most foods saw slight increase in first months and sharp increase in late months due to increased demand, petroleum price fluctuation and buying power. Total retail trade and consumption in the province valued VND 12,281.81 billion, increasing by 30.93 percent, beating the planned 98.25 percent. The domestic market was always busy with diverse products and services. The evolution of corporate system, appropriate distribution channel and upgraded business infrastructure contributed to sustainable commercial growth.
Export and import activities saw rather good growth. Total export turnover was US$506.40 million, increasing by 42.79 percent year on year, beating 126.60 percent as planned. Among those, turnover of state-owned sector was US$157.68 million, exceeding by 87.29 percent; of non state-owned sector was US$256.08 million, exceeding by 31.66 percent; of foreign funded sector was US$92.63 million, exceeding by 21.95 percent. Main export products included cashew, latex, electronic appliances, wooden goods, textile and garment. Total import turnover reached US $116.22 million, increasing by 12.09 percent year on year, beating 105.65 percent as planned. To boost industry and trade development, and find industrial strengths, Binh Phuoc department of Industry and Trade paid close attention to industrial management such as planning management, industry and business, electricity, market management; at the same time boosted commercial promotional activities, industrial promotional activities and industrial development consultation to ensure industry and commerce develop stably and sustainably.
In 2011, the industry and trade sector aims to gain industrial production value of VND 5,596 billion, increasing by 26.74 percent against 2010; export turnover of US $ 550 million, increasing by 8.61 percent; and import turnover of US $ 140 million, increasing by 20.46 percent. To beat the set goal, the whole industry has sped up investment into infrastructure of industrial parks and economic zones; fostered tourism development for better quality, efficiency, and increasing competitiveness. At the same time, the sector has also actively expanded the market, taken full advantage of every chance to raise exports in existing markets and join new markets, and focused export to markets with high buying power.