Binh Phuoc's economic growth rate is estimated at 7.25% by 2023

(Binh Phuoc Portal) - To continue the work program of the people's Council of the Binh Phuoc province with the services and branches in the socio-economic development tasks and budget revenues and expenditures of the year 2023; The socio-economic development plan of 2024 and the draft resolution scheduled to be presented at the 13th session, the people's council of class X, in the afternoon, November 15, 2023, the provincial party Committee member, Vice Chairman of the Provincial people's council, Head of the Economic and Budget Committee - Mr. Huynh Huu Thiet has chaired the work with the department of planning and investment.
 
2023 was a pivotal year in the fulfillment of the objectives of the 2021-2025 Five-year plan. With the effort of the political system, at all levels, sectors, the people's assistance, the cooperation of the provincial business,  socio-economic community continues to achieve positive results. Significantly, the province's economic growth rate was positively recovered and increased, estimated at 7.25%, was higher than the national average. Total investment mobilisation has increased by 10.72% compared to 2022. There was a high level of foreign investment with 45 projects, with registered capital of USD 800 million, reaching 270% of the annual plan.

The work of reform of administrative procedures and application of information technology achieve positive results. The province's cultural image, investment environment, development potential are better known both domestically and abroad, making Binh Phuong one of the most attractive destinations for investors.
  Aside from the results, the province's socio-economic development remains limited, with an economic growth rate of 7.25%, while the plan sets it for 8%; Budget revenues were low, estimated to have been VND11,986 billion for the year, reaching 81% of the estimates which were approved by the provincial People's Councils...
  At the working, delegates also reviewed, discussed, and commented on the draft report on the plan to supplement public investment capital from the central budget in 2023; Draft proposal approving the policy of stopping the implementation of the project to build the provincial administrative center building, investing according to the public-private partnership method, BLT contract type (construction contract - service rental - transfer contract)./.