Province further gains stability in socio-economic development

Update: 25-05-2017 | 10:59:39

Provincial People’s Committee yesterday held a periodic meeting in May, 2017 which was presided over by Tran Thanh Liem, Chairman of provincial People’s Committee.

Economic targets at growth

In May, 2017, the province’s index of industrial production (IIP) surged 7% and 15.21% compared to the previous month and the same period last year. The figure in the first five months of the year reached a growth of 8.21% against the same period last year. Of these, processing and manufacturing industries rose by 8.18%; production and distribution of power by 13.48%. Whilst, the province’s consumer price index (CPI) increased by 3.62% against the same period last year.

Production at Viet Ha Export Import Joint Stock Company in Thuan An town

Also in May, the province’s export value was estimated at US$2.2billion. The figure in the first five months of the year was US$10.8billion. Most main export products like garment-textile, footwear, woodwork, electronics…gained high growth at 8.2%, 9.8%, 11.8% and 13%, respectively. Meanwhile, the province’s import value was estimated at US$1.7billion in May and US$8.37billion in the first five months of the year.

For animal husbandry, as of May 9, 2017, the province had a total of 693,827 pigs. The province also opportunely monitored over the situation of pig price and coordinated with relevant agencies to further support breeders under the Government’s instruction.

The province also absorbed more than VND4trillion in domestic capital from 501 newly-registered businesses and 86 extra-ones in May. The figure brought the total amount of domestic capital flowing into the province in the first five months of the year was more than VND16.61trillion. In terms of FDI attraction, the province drew approximately US$1.5billion in FDI capital or 106.5% of the year’s plan.

Since early this year, the province has continued reaching good results in the credit field. In May alone, the province’s total mobilized capital obtained nearly VND150billion, up 3.51% compared to the beginning of the year while total outstanding loans as of late May gained VND142.2billion. The province’s State budget collection over the past five years was VND19trillion, up 10% compared to the same period last year.

Further improving investment climate

Speaking at the meeting, Mr.Liem said that over the past five years, sectors and localities in the province well fulfilled the set tasks with economy developed in the right direction.

Based on achievements done over the past five years and the local real situation, provincial People’s Committee has also set major tasks that need to be urgently realized in the coming time. Accordingly, the province will strengthen administrative reform, improving the investment climate while creating favorable conditions for people and startup businesses to promote production and business. Provincial leaders have also asked for relevant units to urgently deploy the Prime Minister’s Directive No.20/CT-TTg dated May 17, 2017 on reorganizing inspection and supervision over activities of enterprises.

Mr.Liem also required relevant agencies to actively expand domestic and foreign markets; effectively implement the campaign of “Vietnamese people give priority to using Vietnamese goods”, prevent smuggling and counterfeits; control over the price of goods under the province’s price stabilization program. The local agricultural sector needs to keep a close watch on the situation of pig breeding for timely support, well control over agricultural materials, prevent epidemic diseases in plants and animals; closely monitor weather development for timely methods against natural disasters in the coming rainy season.

Whilst, the local sector of natural resources and environment needs to issue regulations adjusting policies on land; tighten control over natural resources; pay attention to environmental management…

He also asked for sectors and departments to have good preparation for the mid-year session of provincial People’s Council. Relevant units need to focus on removing difficulties in capital disbursement for public investment projects. The local sector of natural resources and environment also needs to strengthen coordination with relevant agencies to handle illegal land allocation, be determined to solve new infringements…

Reported by M.Nguyen-Translated by K.T

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Province further gains stability in socio-economic development

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