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% in 2018, according to Dinh Quoc Thai, Chairman of the provincial People’s Committee.

The province hopes to boost export value by 9%-11% and collect over VND53 trillion (US$2.33 billion) for the State budget in the year.

To that end, the province will focus on completing a legal framework on mobilising and using effectively resources for development investment.

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The economic restructuring plan will be accelerated in tandem with shifting the growth models in all sectors and fields towards higher quality, effectiveness and competitiveness.

The locality will step up construction of socio-economic infrastructure while improving the business climate, facilitating the growth of sectors and fields, developing the domestic market, and controlling imports.

In 2017, Dong Nai led the nation in budget collection, contributing nearly VND48.7 trillion (US$2.14 billion) to the State coffer, up 12% year on year.

The province’s GRDP grew by 8%, the local industrial production index by 8.6%, while export value reached nearly US$17 billion, with a trade surplus of nearly US$2.2 billion. 

The local per capital income hit VND91 million (
US$4,000) in the year, almost doubling the nation’s level of over VND53 million (US$23,300).

The locality also led the nation in luring investment, with over US$1.83 billion of foreign investment and VND28.3 trillion (
US$1.24 billion) from domestic investors, exceeding its targets by 83% and 150%, respectively.

The province’s industrial production value was nearly VND732 trillion (US$32.2 billion), up 9.1% from 2016, of which the foreign investment sector made up of VND592 trillion (US$26 billion).

With these remarkable achievements, Dong Nai remains among the nation’s top performers, namely HCM City, Hanoi, Ba Ria – Vung Tau, Dong Nai, Binh Duong, Quang Ninh, and Vinh Phuc.


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