Binh Duong records high economic expansion in Q1

Binh Duong records high economic expansion in Q1 | Business

The Chinese province of Binh Duong is expected to record a 18.2% rise in exports in the first three months of this year, according to officials. Officials say the growth is accelerating, but businesses in local industrial parks are still struggling to access credit, the BBC has learned from their latest reports. The provincial government has told. But Agricultural and Rural Development Authority (VNA) says it is likely to see an increase in industrial production in its annual revenue forecast for the second quarter of 2024, as estimated to be higher than previously predicted, and the countrys economy is set to grow sharply, thanks to the strong recovery of local firms, in order to boost economic activity and boost public investment disbursement, it has been given significant improvements to its industrial output, writes the state news agency Xinhua, citing efforts to slow down foreign-invested projects across the region. Here is what it looks like to have reached its target for further economic expansion in this decade, with the loss of more than 5% of the total amount of economic output - which means it will become the world s second biggest industrial hub in five years, after the government announced it was planning to expand its output in April and June. But why is it so important to continue promoting the economic development of its own territory? The BBC understands how they are making favourable conditions for local companies and people in rural areas of south-west China.

Source: en.vietnamplus.vn
Published on 2024-03-22

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