Investment News

The economic growth rate of Binh Phuoc province

07/01/2021

Despite frequent natural disasters and raging epidemics, in 2020, the economic growth rate of Binh Phuoc province will reach 7.51%; export turnover reached 110.8%; total budget revenue reached 11,608 billion VND; per capita income reached 67.3 million VND. That result has the contribution of the trade and service industries. Reporters of Binh Phuoc Radio - Television Station and Binh Phuoc Newspaper had an exchange with Mr. Nguyen Quoc Dung, Provincial Party Member, Director of the Department of Industry and Trade about issues related to the operation of the industry and development orientation in the period. next paragraph.

* Last year, despite the impact of the Covid-19 pandemic, the province's trade and service industry had a good growth. To get that result, how did the industry and trade industry advise the province in the policy of stimulating trade and service demand, sir?

Since the beginning of 2020, the appearance of the Covid-19 epidemic has seriously affected the economy, production and trade of Vietnam in general as well as Binh Phuoc in particular. In the first 6 months of 2020, the province's total retail sales of consumer goods and services only reached VND 21,464 billion, down 8.1% over the same period, reaching 35.1% of the year plan.

Co.opmart Dong Xoai supermarket is one of the major commercial centers of the province today

Faced with that situation, based on Resolution No. 84/NQ-CP dated May 29, 2020 of the Government and Official Letter No. 4596/BCT-TTTN dated June 24, 2020 of the Ministry of Industry and Trade, the Department advised the Provincial People's Committee to: issued Official Letter No. 2491/UBND-TH dated July 23, 2020 on the organization of programs to stimulate domestic consumption, expand the domestic market, and support production and business enterprises. In its role, the Department held a conference to connect products and goods of 13 provincial enterprises into the Bach Hoa Xanh store system; organize the implementation of National Focused Promotion Month 2020 - Vietnam Grand Sale 2020, in the province; organize for businesses to participate in conferences to connect supply and demand of goods between the city. Ho Chi Minh City with provinces and cities in 2020; organizing trade fairs in the Southeast region with over 290 booths. The above activities have boosted production activities, found outputs for enterprises' products, stimulated domestic consumption demand, and contributed to bringing the total retail sales of consumer goods and services in 2020 to reach 48,389 billion VND, up 0.98% compared to 2019.

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