- Binh Phuoc Ward (belonging to the old Dong Nai Province) has a multi-sector economic foundation, focusing on industry - construction, trade - services, finance, banking and logistics. The society has a diverse ethnic culture, the economy uses a significant proportion and aims towards a smart city.
Economy Economic structure:
Industry - construction: accounts for a large proportion, about 54%.
Trade - services: accounts for 35%. Agriculture, forestry and fishery: accounts for 11%.
Digital economy: accounts for 30%.
- GRDP growth: Average GRDP per capita reaches 180 million VND (equivalent to 7,500 USD).
Development direction: Promoting trade, services, finance, banking and logistics.
Building a multifunctional trade, finance and banking center, connecting with the province's digital economy. Mobilizing and effectively using social resources.
Society
Cultural diversity:
There is coexistence of many ethnic groups, with the Kinh ethnic group being the majority, and ethnic minorities such as the Stieng, M'nong, Khmer, Tay, Nung, Cham, Hoa.... Each ethnic group has its own cultural values, language, costumes, customs and festivals.
Development orientation: Towards a smart city, the economic center of the West. Focus on social security.
I. General information about Binh Phuoc province Binh Phuoc is a province located in the Southern Key Economic Zone, with an area of 6,877 km2, bordering Binh Duong, Lam Dong, Dak Nong, Tay Ninh provinces and the Kingdom of Cambodia, 110 km from Ho Chi Minh City. The province has 11 administrative units including 01 city, 03 towns, 07 districts, with a population of 1 million people. Dong Xoai City is the economic, cultural and social center of Binh Phuoc.
During the past term, the average growth rate of the province in the period 2016-2020 reached 7.9%. The economic structure shifted in the right direction, by 2020 the proportion of agriculture accounted for 24.7%, industry 40.3%, services 35%. The scale of the economy is increasingly expanding, by 2020 reaching 70,042 billion VND, 1.86 times higher than in 2015. GRDP per capita is higher than the national average, in 2020 reaching 69.3 million VND, equivalent to 3,000 USD, 1.74 times higher than in 2015.
In 2022, the province's economy will recover rapidly and have a good growth rate, up 8.42% compared to 2021. Of which, the agriculture, forestry and fishery sector will increase by 3.19%, the construction industry will increase by 14.46% (of which industry will increase by 15.97%), services will increase by 8.62%, product tax minus product subsidies will increase by 1.67%; digital economy accounts for 5%.
The industrial production index (IIP) of the whole industry increased by 23.08% compared to 2021; In which, the processing and manufacturing industry continues to play a driving role in the province's economic growth, with an increase of 23.54%. The budget revenue in 2022 is 14,282 billion VND, equal to 117% of the estimate assigned by the Ministry of Finance, reaching 100.22% of the adjusted estimate approved by the Provincial People's Council and increasing by 4% over the same period. Export turnover reached 3 billion 140.75 million USD, up 9.53% over the same period in 2021.
Attracting domestic investment and developing enterprises has many improvements. Attracting domestic investment with registered capital of 10,800 billion VND, reaching 108% of the plan. The number of newly established enterprises in the year reached 1,150, up 7.9% compared to 2021, reaching 104.5% of the yearly plan. The number of newly established cooperatives in the year was 30, reaching 100% of the plan. Attracting foreign investment with newly registered and adjusted capital of 150 million USD.
II. Potential and strengths of Binh Phuoc province
1. Location Binh Phuoc has a strategic geographical position, plays an important role in the new economic corridor, is one of the 8 provinces of the Southern Key Economic Zone, is the gateway for economic, cultural and social exchange between the Southeast, the Mekong Delta with the Central Highlands and internationally, especially with Cambodia, Laos and Thailand. Looking to the future, Binh Phuoc has increasingly favorable conditions for the development of the province and the whole region.
2. Infrastructure The province's traffic infrastructure system is invested synchronously and gradually modernized. The province has key traffic routes such as National Highway 13, 14, DT.741, convenient for inter-regional traffic connection, connecting with the Central Highlands provinces, Binh Duong, Tay Ninh, Ho Chi Minh City, Cambodia through Hoa Lu International Border Gate. It is expected that by 2025, the Ho Chi Minh City - Thu Dau Mot - Chon Thanh Expressway will be completed; the Chon Thanh - Dak Nong Expressway, DT753 Road and Ma Da Bridge will be upgraded to national highways to connect with Long Thanh International Airport in Dong Nai Province and Cai Mep - Thi Vai Port in Ba Ria - Vung Tau Province, shortening the distance and travel time to seaports and airports, better serving the needs of travel and freight transport that are being urgently deployed. In the future, there will be a trans-Asia railway, promising to create a boost for the province's socio-economic development.
Binh Phuoc's electricity and water supply system meets the daily needs and production and business of enterprises. The postal and telecommunications network covers all communes, wards and towns, meeting the needs of international communication and digital information transmission. Mobile phone waves are widespread in the province. The fiber optic network is transmitted to most telecommunications stations in communes, districts and cities in the province.
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