Dong Nai among highest-growing economies nationwide
The southern province of Dong Nai’s economy grew 7.85 percent in the first half of this year, higher than the country’s average and that of other localities.
Dong Nai (VNA) – The southern province of Dong Nai’s economy grew 7.85 percent in the first half of this year, higher than the country’s average and that of other 📖localities, said Deputy Minister of Planning and Investment Nguyen Van Hieu.
During a working session with the provincial authorities on July 26, Hieu hailed Dong Nai as one of the top five contributors to the State budget on the back of its developed industry.
On the occasion, he asked Dong Nai to boost exports which hit 7.4 billion USD during the period, up 5.3 percent year-on-year but lower than the targeted 10-12 percent.
Cao Tien Dung, Director of the provincial Department of Planning and Investment, said the province collected more than 20.4 trillion VND (927.2 million USD) to the State budget, or 49 percent of the estimate and up 9 percent from the same period last year.
The total domestic and foreign investment reached 7.64 trillion VND (347.2 million USD) and 1.34 billion USD, respectively.
The province is currently home to 32 licensed industrial parks, 25 of them have installed automatic wastewater monitoring stations, he said.
The local authorities spoke of plans to continue improving the business climate and national competitiveness for 2016-2017, partly by strengthening public investment, enhancing the efficiency of State-funded projects, while attracting investment in industrial parks and complexes and encouraging exports of goods that are high competitive.
All possible support will be provided for small and medium-sized enterprises, start-up and innovative firms, they said.
Authorities also put forward suggestions regarding foreigners’ financial contributions and stock purchases, including amending several provisions in the Investment Law to make it easier for State management.
Concluding the event, Hieu promised to submit proposals to relevant ministries and agencies for consideration.-VNA
The southern province of Dong Nai has attracted over 7.64 trillion VND (343.8 million USD) from domestic investors so far this year, a 42 percent rise over the same period last year,
The southern province of Dong Nai has proposed the Government, the Ministry of Transport and other relevant bodies develop numerous regional transport links.
The foreign direct investment (FDI) sector, which has significantly contributed to the growth of the Vietnamese economy, has on the other hand posed negative impacts to the nation’s ecosystem.
The southern province of Dong Nai attracted 1.34 billion USD in foreign direct investment (FDI) as of July 19, a year-on-year rise of 20 percent, surpassing the annual target by 34 percent.
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Illustrative image (Source: VNA)
