From an agriculture-based province, Dong Nai province has turned itself into an industrial hub in the south thanks to its determination to persist the growth model shift to industry, according to local authorities.
A corner of Bien Hoa city, Dong Nai province (Photo: vietnambiz.vn)
Dong Nai (VNA) – From an agriculture-based province,Dong Nai province has turned itself into an industrial hub in the south thanksto its determination to persist the growth model shift to industry, accordingto local authorities.
With agriculture making up 57.5 percent and industry only18.2 percent of the local economy in 1985, the figures have now become only 8percent and 60 percent, respectively, while services make up 32 percent.
Vo Van Chanh, Vice Chairman of the Dong Nai provincialPeople’s Committee, attributed this to the shift from extensive economic developmentaimed at providing jobs to workers and settle social issues in the province tothe intensive growth focusing on the building of an intellectual-based economy.
Currently, the province see 32 operational industrial zoneswith an industrial production value 200 times higher than that in 1985, whilethe per capita income has risen 16-folds.
According to the provincial Department of Planning andInvestment, Dong Nai now is home to over 1,900 foreign direct investment projectswith a combined capital of 34.1 billion USD from 45 countries and territories,mostly from the Republic of Korea, China’s Taiwan, Japan and Singapore.
The projects belong to different fields such as processingand manufacturing (84 percent of the total capital), agriculture (1.5 percent),trade and services (3.5 percent), and real estate (12 percent).
Representatives of the provincial Party Committee held thatFDI projects are an important factor for the province to develop industrialzones and help push up the development of infrastructure, adding green productionand selective investment attraction will be the focus for the local economy inthe time to come.
In recent year, local authorities have said no to thelabour-intensive projects having a risk of causing pollution, but prioritized thosewith high technology, intensive investment, and environment-friendlyproduction.
Dong Nai Party Committee Secretary Nguy Phu Cuong warned ofthe risk of environmental pollution which often goes along with industrialproduction, affirming the stance that those projects with this risk will beresolutely rejected.
The development perception of pursuing economic growth atany cost has been shifted to the effective and sustainable growth, the officialhighlighted.-VNA
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A corner of Bien Hoa city, Dong Nai province
