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Thanks to proactive direction and effective implementation of solutions by city leaders across all levels and sectors, Thu Dau Mot City's economic situation has seen significant positive changes since the beginning of the year. Key sectors have reported growth rates in the double digits.

In the first nine months of 2024, the city's total retail sales of goods increased by 28.05% over the same period in 2023. In photo: Shopping activities at Go! Supermarket

 High growth

Outstanding results in economic development of Thu Dau Mot City in the first 9 months of 2024 are total retail sales of goods estimated at 23,149 billion VND, up 28.05%; industrial production value estimated at over 57,165 billion VND, up 27.54% over the same period in 2023.

According to Ms. Phan Thi Hoang Dieu, Director of Phan Hoang Gia Wood Company Limited, wood production and processing enterprises are seeking new directions and proposing solutions for stable and sustainable development amid rising transportation costs, raw material prices, input material costs, and labor expenses. Accordingly, enterprises are expanding market connections to promote export growth in the wood industry, proactively developing new product lines to diversify products to suit consumer tastes in potential markets, and participating in a series of wood industry exhibitions to introduce and promote products and find customers. Enterprises also focus on promoting e-commerce for wood and forestry products; raising public awareness of a green economy...

Mr. Phan The Thao, Director of Co.opmart Binh Duong Supermarket, said one of the supermarket's important steps is to promote environmentally friendly products and services. The Co.op system is constantly looking for partners to provide green, clean and safe products for consumers' health, while investing heavily in programs to raise awareness of environmental protection for customers and the community.

Brand development, value enhancement

Mr. Vo Chi Thanh, Vice Chairman of Thu Dau Mot City People's Committee, said that the city is building an urban area that combines trade-service development, industry, and high-tech urban agriculture, knowledge economy with cultural development, and environmental protection. The city continues to implement urban development investment programs, creating a favorable environment to attract investment in production and business.

In the final months of 2024, Thu Dau Mot City will focus on enhancing investment attraction. The city will consistently implement coordinated solutions to ensure construction progress and timely disbursement of budget capital allocated for projects in 2024. Additionally, a plan will be developed and executed to organize the business operations at Thu Dau Mot Market. The city remains committed to promoting the effectiveness of the OCOP Program. It aims to research and develop a plan to promote OCOP products, helping enterprises, organizations, and business households build and enhance their brands while increasing product value in the future.

Mr. Edwin Tan, Deputy General Director of Frasers Property Company in Phu Tan Ward, Thu Dau Mot City, stated that the company is currently developing phase 3 of its project. Building on the success of the first phase, the company remains committed to responsible production and consumption, prioritizing people at the center of its efforts. The company wishes to raise the standards of sustainable development across the entire value chain and successfully build a sustainable business community. The company is committed to achieving green certification with all its development projects.

Reported by Tieu My - Translated by Ngoc Huynh