Dien Bien to boost investment attraction, tourism development
The north-western mountainous province of Dien Bien is planning to intensify efforts in investment attraction to industry and tourism development so as to boost local growth next year.
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The province targets a 7.2% increase in its gross regional domestic product (GRDP) for 2019.
It aims at an average annual per capita income of VND30.45 million (US$1,310), an industrial production value of over VND3 trillion – up about 13%, and a reduction in the household poverty rate of 3.49% from this year.
To that end, Dien Bien will step up agricultural restructuring and new-style rural area building to develop key farm produce and improve production effectiveness, according to provincial authorities.
It will work to attract investment to industry, especially manufacturing and processing, and to industrial clusters. More concerted measures will be taken to improve the local business climate, thus promoting its Provincial Competitiveness Index in 2019 and the following years.
The province is set to exert more efforts in developing services so as to turn tourism into an important economic sector and become a key destination.
Authorities said special attention will be paid to connecting Dien Bien with other localities and diversifying tourism products.
Notably, it will celebrate the 65th anniversary of the Dien Bien Phu victory over the French colonialists and 110 years since the province’s establishment in 2019. Dien Bien expects to welcome over 830,000 visitors and earn more than VND1.3 trillion in tourism revenue, up 10.6% and 17.7% year on year, respectively.
According to the provincial People’s Committee, Dien Bien has fulfilled and surpassed 32 of the 37 socio-economic targets set for this year. It records a GRDP growth rate of 7.15% while improvement has been seen in the business environment, investment attraction and administrative reforms.