Resolved to Complete Socioeconomic Development Plan in 2022

3:01:27 PM | 11/14/2022

In 2022, Binh Duong province has carried out socioeconomic development tasks amid numerous difficulties and challenges: COVID-19 epidemic, complicated and unpredictable world situations, and rising global inflation. Therefore, the Provincial Party Committee and the Provincial People's Committee thoroughly directed relevant local agencies to closely monitor actual situations and speed up socioeconomic recovery and development.

In the first nine months of 2022, Binh Duong province achieved optimistic socioeconomic performance. The province's economy, despite being heavily affected by the COVID-19 epidemic, gradually recovered month by month and quarter by quarter, with the GRDP expanded by 5.3% in the first quarter, by 8.35% in the second quarter and by 11.59% in the third quarter. Industry and construction continued to be a driving force of growth.

However, given global political and economic volatility, recessionary risks of the US and some other major economies significantly undermined consumption demand. Petroleum prices declined but still-high prices of commodities and input materials for production hurt exporting and importing performances.

In that context, in order to boost nine-month recovery and development achievements as well as uphold its determination to fulfill socioeconomic development plans in 2022, the Provincial Party Committee and the Provincial People's Committee tasked authorities of all levels and branches to pay special attention to actual situations to have active and drastic actions to administer and support production and business activities to speed up socioeconomic recovery and development. In particular, the province focused on a number of key tasks and solutions, as below:

Continuing to implement plans in response to resolutions of the Government, directions of the Prime Minister, ministries and central agencies on socioeconomic recovery and development program and COVID-19 epidemic prevention and control program (2022-2023); promptly reviewing and removing barriers and obstacles hindering production and business activities, clearing bottlenecks in mobilizing and using resources in the economy; formulating plan for socioeconomic development, public investment, and budget estimate for 2023.

Closely monitoring the market and commodity prices for timely solutions to balance and stabilize them (e.g. electricity and petrol); contacting business associations and industry associations to deal with difficulties and problems for businesses and workers, especially those in wood, textile and footwear industries; promoting and searching for new export markets such as India and South America.

Accelerating provincial planning for the 2021-2030 period, with a vision to 2050, and, at the same time, establishing separate plans to integrate into the provincial master planning; revising district master planning and land allocation planning to create new development space and give land fund for resettlement; completing and implementing housing development programs, plans and projects on social housing and worker housing development; focusing on completing investment procedures and building industrial parks to welcome the investment wave.

Binh Duong province directed relevant agencies to expeditiously prepare legal procedures, speed up implementation of Ring Road 3, Ring 4, National Highway 13, O&M My Phuoc - Tan Van, Road 746 (from Tan Thanh to Hoi Nghia), An Tay Port, metro line from Suoi Tien Station to Binh Thang Ward - Di An City, Bau Bang - Thi Vai - Cai Mep Railway and Binh Trieu 1 Bridge.

With consistent solutions and drastic administration, Binh Duong will finish target plans set out at the beginning of the year, with a GRDP growth of 8-8.3% in 2022.

Hoang Ngoc (Vietnam Business Forum)