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With a synchronous infrastructure system plus favorable geography and simple administrative procedures…Ben Cat town has strongly absorbed FDI and domestic projects, contributing to promoting the local economy.

High growth

In 2020, Ben Cat town attracted additional 573 investment projects, including 519 domestic investment projects capitalized at more than VND3.36trillion and 54 FDI ones with total registered capital of US$218.8million. The town has so far lured 4,692 investment projects, comprising of 3,955 domestic investment projects totaling more than VND40.53trillion and 737 FDI ones with total registered capital of US$7.7billion.

Products are being packaged at Orion Food Co.Ltd. in the My Phuoc Industrial Park in Ben Cat town

Thanks to the efforts by the local sectors and authorities at all levels, the town’s economy continued gaining stable growth. The town’s economic structure continued being shifted in the right direction with 75.6% in industrial manufacture, 24.2% in services and 0.3% in agricultural production. The average income per capita was VND135million per year. The district’s total production value was more than VND164.6trillion, up 17.5% compared to the corresponding period last year.

The town also instructed relevant units to drastically carry out major works, especially ones in celebration of the town’s 12^th Party congress for the 2020-2025 tenure. In addition, the town paid attention to compensation for key works; attached special importance to propagandizing, inspecting and handling infringements in the fields of land, construction order, contributing to raising public awareness of obeying the law.

Effectively taking solutions

The town was proactive to put forward major tasks, solutions right from early 2020, being determined to successfully realize the set targets. The town continued gaining positive results in socio-economic development; paid more attention to education and public healthcare; ensured the local social welfare with political security, social order and safety further maintained and stabilized.

Nguyen Trong An, Chairman of Ben Cat town’s People’s Committee said that the town’s People’s Committee has conducted agencies, units and localities to take solutions in a synchronous way, fulfilling entrusted tasks in association with carrying out programs, projects, resolutions of the town’s 12^th Party congress for the 2020-2025 tenure. Accordingly, the town will implement major solutions in 2021, including well realizing management on construction planning, land use planning while rechecking planning forms for adjustment in line with the local development; seriously carrying out the plan on public investment for 2021; boosting inspection, making urban order; tightening control over exploitation and use of natural resources, minerals; taking effective solutions to minimize environmental pollution…

The town will also further focus on in-depth industrial development; give priority to hi-tech, auxiliary and environmentally friendly projects; encourage economic sectors to get involved in services, especially ones on finance, banking, transportation…while taking solutions to promote collective economic models, small and medium-sized enterprises (SMSEs)…

In 2021, the town will strive to reach more than VND198.36trillion in total production value, up 20.5% against that of 2020. Of these, industrial production value will be more than VND146.16trillion, up 17.5%. The value of services will be more than VND51.59trillion while agricultural production will be VND604billion, up 5%. The town’s economic structure will be 73.7% in industry; 26% in services and 0.3% in agriculture. The town’s total State budget collection will be more than VND2.34trillion. The town will also absorb more than US$300million in FDI capital; developed additional 300 SMSEs…

Reported by Thoai Phuong-Translated by K.T