Illustrative image (Source: thuonghieuvaphapluat.vn)

Dong Nai (VNA) – 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.

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

Many other key economic figures in Dong Nai also enjoyed impressive growths in the reviewed period, he said, elaborating that exports increased 12.6 percent year-on-year to 9 billion USD, resulting in over 1 billion USD in trade surplus.

The province attracted 950 million USD in foreign 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) was collected for the State budget, up 12 percent. Agricultural production value also 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 local socio-economic situation, there remain many difficulties and challenges. He pointed out the lax management of construction activities in some localities, slow disbursement of capital from the budget, and obstacles to the implementation of investment procedures for projects.

To maintain high and stable growth towards the year’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 promotion activities, he added.

Dong Nai is part of Vietnam’s southern key economic region, which also includes Ho Chi Minh City and the provinces of Tay Ninh, Binh Phuoc, Binh Duong, Ba Ria-Vung Tau, Long An, and Tien Giang. -VNA