Economic situations

Binh Thuan's industry has been booming in the first years of the 21st century, with average an average growth rate of 21.6% until 2007. Bình Thuận's industrial development is currently facing problems of land management. Licensed industrial parks have been found to overlap with titanium reserves and their development may be delayed as a result. The private sector now makes up most of industrial output and even the foreign-invested sector has overtaken state-owned industry. Despite its spectacular growth, industry was not able to absorb much of the growth of the labour force. It created 17,200 new jobs between 2000 and 2007, while the slower growing service sector created 44,100 and even agriculture, forestry and fishing created 57,600 jobs.