Binh Phuoc: A decade of industrial promotion

Binh Phuoc Province to the north of Ho Chi Minh City is a largely rural agricultural area, sharing a border with Cambodia.

Over the past decade, due to effective industry promotion programs, rural industry increased an average of 16.36 percent per year in value, accounting for 70 percent of the province’s total industrial production value. The range of rural industrial products has been diversified. In particular, Binh Phuoc has mobilized capital from non-state sources to carry out industry promotion and energy efficiency projects.

According to a report by the Binh Phuoc Province Department of Industry and Trade, total budget for industry promotion in the 2006-2016 period reached over VND18.9 billion. The amount allocated from the national industry promotion program was over VND5 billion and from the local industry promotion program VND13.84 billion. Matching capital of VND113.7 billion accounted for the rest.

The Industry Promotion Center of Binh Phuoc Province has implemented 174 industry promotion projects and 40 energy efficiency projects. A wide range of other programs has been conducted, such as vocational training and development, development of notable rural industrial products, and management capability improvement, among others.

The center assisted 53 production facilities in applying advanced technology and equipment and 10 other units in building technical demonstration models, with a total capital of VND8.69 billion. These projects accounted for the vast majority of the total matching capital. The center also provided consultancy services, earning revenue of VND2.6 billion.

According to a Binh Phuoc Province Department of Industry and Trade representative, difficulties remain. Most rural industry units are small in scale, resulting in operations with short-term plans and fluctuation of investments. Lack of skilled human resources, particularly in remote areas, has further hampered implementation.

To overcome these difficulties, Binh Phuoc’s industry promotion sector will continue to advance support policies for rural trade development. The center will also take the initiative in strengthening inspection and supervision to ensure adequate budget allocation for industry promotion, energy saving and cleaner production.