Province’s six-month socio-economic performance continues stably developing

Update: 08-07-2015 | 16:45:26

At the 22^nd (open) session of the 9^th provincial Party Committee’s Executive Board, delegates unanimously approved a report on the local socio-economic development, national defence-security in the first half of the year and key tasks for the rest of the year. Most targets on socio-economic development during the period were fulfilled and even they surpassed the set plan. The result has created favorable conditions for the province to successfully realizing targets of the 2015 resolution set out by provincial Party Committee and People’s Council.

Industrial manufacture index on rise

According to a report on the local socio-economic development in the first half of the year presented by provincial People’s Committee Chairman Tran Van Nam at the session, provincial People’s Committee drastically took the Government’s groups of measures on socio-economic development, national defence and security. Upon this plus the integral efforts by sectors, authorities at all levels, business community and people, the province’s economy continued reaching a comprehensive growth. Most targets gained growth. Noticeably, the province’s Index of Industrial Development (IIP) rose by 8.2%. Industrial production value was estimated at more than 97.97trillion, up 13%. Of these, the domestic investment sector grew by 11.9% while the foreign investment sector gained an increase of 13.6%.

Rear-view mirrors for autos being manufactured at My Suntech Vina Co.Ltd in the My Phuoc 3 industrial park

According to Vo Van Cu, Director of provincial Department of Industry and Trade, the above result came from the growth of the local export industry. The province’s main export markets like U.S, EU, ASEAN, South Korea…remain stable. He added that province-based exporters have signed contracts till 2015’s quarter 3, even some have reached contacts till the end of 2015 and 2016’s quarter 1. The province’s industrial production has continued reaching a stable development. Province-based domestic enterprises, especially ones in processing and manufacture are on the development momentum.

Investment attraction beyond the yearly plan

According to provincial People’s Committee, the province in the first half of the year absorbed more than VND9.78bln in domestic capital, including more than VND5.21trillion from 1,383 newly-registered enterprises and more than VND4.57trillion from extra-ones. The whole province has so far lured 18,967 domestic enterprises with a total registered capital of nearly VND141.88trillion.

Noticeably, the province as of late June attracted US$1.013bln in FDI capital, including US$300mlm from enterprises increasing capital. The province is now home to 2,490 FDI enterprises with a total registered capital of more than US$21.427bln.

To Nguyen Thanh Truc, Director of provincial Department of Planning and Investment, one of reasons leading to the province’s FDI attraction enjoying advantages was that the local investment climate was constantly improved over the past time. The result was also seen as a great effort by the province in trade promotion, investment climate improvement, infrastructure construction... Most FDI enterprises were placed at industrial parks under the province’s policy.

Bending on removing enterprises’ difficulties

According to Mr.Nam, sectors and authorities at all levels of the province in the remaining 6 months of the year need to further implement the Government’s Resolution No.01/NQ-CP dated January 3, 2015 on key tasks and solutions of implementing the socio-economic development plan and State budget estimate in 2015; improve shortcomings and focus on successfully realizing tasks in the remaining 6 months of the year and the whole year, contributing to fulfilling the local five-year development plan from 2011 and 2015; bend on removing enterprises’ difficulties under the Government’s Resolution No.19 on improving the business environment and national competitiveness…

He also added that the local relevant agencies needed to actively take measures to control the market; set up a plan on stockpiling goods and stabilizing the prices of goods, especially essential ones on Tet; effectively carry out the campaign of “Vietnamese people give priority to using Vietnamese goods”; well implement new regulations of the Law on Public Investment and the Law on Construction…

Reported by Tri Dung-Translated by K.T

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Province’s six-month socio-economic performance continues stably developing

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