Thue Thien – Hue sees positive economic outcomes in Q1
The central province of Thua Thien – Hue has witnessed positive economic results in the first quarter of 2018, especially in investment attraction, with nearly VND3.2 trillion (US$135.4 million), up 5.52% year-on-year.
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The locality’s export turnover hit US$193.4 million, representing a yearly increase of 2.75%, while budget collection reached VND1.3 trillion (US$56.8 million), equivalent to 19.1% of the set plan.
The total retail sales and service revenue was valued at VND9.2 trillion (US$402 million), up 9.53% year-on-year. The industrial production index in the period increased 5.3% compared to the same period last year.
The largest-scale investment projects in the locality in the last three months included a solar power plant worth VND1.15 trillion (US$50.2 million), a VND360 billion (US$15.7 million) fibre factory, and a textile material factory with total investment of VND99 billion (over US$4.3 million).
As many as 149 new enterprises were formed in the period with a total registered capital of VND1.22 trillion (over US$53.3 million).
The locality also recorded strong growth of the tourism sector. It welcomed over 1.1 million tourists in the January-March period, up 39.52% year-on-year. The province aims to serve about 4-4.2 million visitors in 2018, 10% higher than 2017.
Nguyen Van Cao, Chairman of the provincial People’s Committee, said the locality continues calling for investment in developing the Lang Co – Chan May Bay, one of the most beautiful bays in the world.
It will make tourism and services a spearhead economy in the coming time, towards turning the locality into one of leading destinations of the country and the region.
Thua Thien – Hue plans to spend about VND6.2 billion (US$270.9 million) per year on supporting the development of small and-medium-sized enterprises.
The support will focus on finance and credit, preferential policy and legal support, science-technology, and start-up.
