Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Economy  >> Binh Duong set to become economic hub by 2020
NEW UPDATES Asean Affairs   16 June 2014  

Binh Duong set to become economic hub by 2020

Vietnam: The southern province  of  Binh Duong is set to become a centrally-run city, acting as a core centre for socio-economic development in the southern key economic region by 2020.     
Under a new master plan for the province’s socio-economic development by 2020, which was approved by Prime Minister Nguyen Tan Dung on June 11, Binh Duong will focus on promoting environmentally-friendly industry by applying high-tech and green technology.    
At the same time it will also improve the modern infrastructure system for trade and services, while diversifying tourism products and developing agriculture in attachment with advancing biotechnology.     
The locality’s annual economic growth in the 2011-2015 period will be adjusted downwards to 13.5 percent instead of the 14.9 percent stated in the 2007 plan.    
The ratio of the service sector in its economic structure will increase to 38 percent from 30 percent, while that of the industry-construction sector, 59 percent from 62.9 percent. The figure will be 3 percent for agro-forestry.    
The total population of the locality by 2015 is predicted to stay at 2.043 million. Its urbanisation proportion is predicted to stand at 70 percent, while per capital GDP will be 63.2 million VND (around 3,000 USD).    
Binh Duong will also have under 1 percent of poor households by 2015, according to the plan.    
For the 2016-2020 period, Binh Duong will finish its road to become a centrally-run city with an annual economic growth of 13 percent and per capital GDP of 135.2 million VND (6,170 USD) every year. Meanwhile, the ratio of poor households will be brought down to only 0.8 percent.    
By 2020, Binh Duong is set to become one of the major industrial hubs in the region, focusing on wood processing, garment and textiles, footwear, rubber processing and food and beer for its key exports, among others.       
The proportion of the support industry and green industry in economic zones is hoped to account for at least 30 percent of the province’s total exports.    
Binh Duong expects to have 35 industrial parks by 2020, covering an area of 13,764 hectares. By 2025, it is planned to put 18 industrial clusters to operation with a total area of 1,190 hectares. (VNA)

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            June 16, 2014 Subsribe Now !
• NCPO lifts curfew nationwide Subcribe: Asean Affairs Global Magazine
• Binh Duong set to become economic hub by 2020
• Japan firm enters cable race
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thai energy firm PTT reschedules $27b project report
• VN enjoys smartphone sales boom
Asean Analysis                    June 13, 2014

• Asean Analysis June 13, 2014
U.S. Interests in Myanmar Require Looking beyond the 2015 Elections
Advertise Your Brand

Asean Stock Watch    June 13, 2014
• Asean Stock Watch-June 13, 2014
The Biweekly Update
• The Biweekly Update  June 13, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand