Dong Nai takes drastic measures to maintain growth rate
The southern province of Dong Nai plans to take a myriad of measures to maintain a Gross Regional Domestic Product (GRDP) growth rate of 8-9 percent in 2018.
Cashew nut is among Dong Nai's main export staples. (Photo: VNA)
Dong Nai (VNA) - The southern provinceof Dong Nai plans to take a myriad of measures to maintain a Gross RegionalDomestic Product (GRDP) growth rate of 8-9 percent in 2018, according to DinhQuoc Thai, Chairman of the provincial People’s Committee.
The province hopes to boost export value by 9-11 percent and collectover 53 trillion VND (2.33 billion USD) for the State budget in the year.
To that end, the province will focus on completinga legal framework on mobilising and using effectively resources for developmentinvestment.
The economic restructuring plan will beaccelerated in tandem with shifting the growth models in all sectors and fieldstowards higher quality, effectiveness and competitiveness.
The locality will step up construction ofsocio-economic infrastructure while improving the business climate, facilitatingthe growth of sectors and fields, developing the domestic market, andcontrolling imports.
In 2017, Dong Nai led the nation in budgetcollection, contributing nearly 48.7 trillion VND (2.14 billion USD) to theState coffer, up 12 percent year on year.
The province’s GRDP grew by 8 percent, thelocal industrial production index by 8.6 percent, while export value reachednearly 17 billion USD, with a trade surplus of nearly 2.2 billion USD.
The local per capital income hit 91 million VND (4,000USD) in the year, almost doubling the nation’s level of over 53 million VND(23,300 USD).
The locality also led the nation in luringinvestment, with over 1.83 billion USD of foreign investment and 28.3 trillionVND (1.24 billion USD) from domestic investors, exceeding its targets by 83percent and 150 percent, respectively.
The province’s industrial production value was nearly732 trillion VND (32.2 billion USD), up 9.1 percent from 2016, of which theforeign investment sector made up of 592 trillion VND (26 billion USD).
With these remarkable achievements, Dong Nairemains among the nation’s top performers, namely HCM City, Hanoi, Ba Ria –Vung Tau, Dong Nai, Binh Duong, Quang Ninh, and Vinh Phuc.-VNA
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Cashew nut is among Dong Nai's main export staples. (Photo: VNA) 
