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Dong Nai records impressive growth in economic figures

The southern province of Dong Nai posted a year-on-year growth rate of 7.5 percent in gross regional domestic product (GRDP) in the first half of 2018, Vice Chairman of the provincial People’s Committee Tran Van Vinh said.
Dong Nai records impressive growth in economic figures ảnh 1Illustrative image (Source: thuonghieuvaphapluat.vn)

Dong Nai (VNA) – The southern provinceof Dong Nai posted a year-on-year growth rate of 7.5 percent in gross regionaldomestic product (GRDP) in the first half of 2018, Vice Chairman of theprovincial People’s Committee Tran Van Vinh said.

At the sixth session of the ninth provincialPeople’s Council that opened on July 4, Vinh noted the expansion of 8.2 percentin industry and construction, 7.5 percent in the services sector, and 3.1percent in the agro-forestry-fishery sector.

Many other key economic figures in Dong Nai alsoenjoyed impressive growths in the reviewed period, he said, elaborating thatexports increased 12.6 percent year-on-year to 9 billion USD, resulting in over1 billion USD in trade surplus.

The province attracted 950 million USD inforeign direct investment, equivalent to 95 percent of this year’s target.Meanwhile, investment from Vietnamese businesses approximated 6.9 trillion VND(299.8 million USD), or 76.6 percent of the target for 2018.

Around 23.5 trillion VND (1 billion USD) wascollected for the State budget, up 12 percent. Agricultural production valuealso rose 3.1 percent from the same period last year to over 17.9 trillion VND(777.7 million USD).

Vinh said despite the progress in the localsocio-economic situation, there remain many difficulties and challenges. Hepointed out the lax management of construction activities in some localities,slow disbursement of capital from the budget, and obstacles to theimplementation of investment procedures for projects.

To maintain high and stable growth towards theyear’s end, Dong Nai must work harder to improve the local business climate,effectively enforce the Law on Support for Small- and Medium-sized Enterprises,support investments in agriculture and rural areas, and step up trade promotionactivities, he added.

Dong Nai is part of Vietnam’s southern keyeconomic region, which also includes Ho Chi Minh City and the provinces of TayNinh, Binh Phuoc, Binh Duong, Ba Ria-Vung Tau, Long An, and Tien Giang. -VNA
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#Dong Nai #gross regional domestic product #agro-forestry-fishery sector #socio-economic situation #investment procedures #Vietnam #VietnamPlus #Viet Nam News Dong Nai
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