Dong Nai takes drastic measures to maintain growth rate

Dong Nai (VNA) - 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 percent in 2018, according to Dinh Quoc Thai, Chairman of the provincial People’s Committee.

The province hopes to boost export value by 9-11 percent and collect over 53 trillion VND (2.33 billion USD) 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.

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 48.7 trillion VND (2.14 billion USD) to the State coffer, up 12 percent year on year.

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

The local per capital income hit 91 million VND (4,000 USD) in the year, almost doubling the nation’s level of over 53 million VND (23,300 USD).

The locality also led the nation in luring investment, with over 1.83 billion USD of foreign investment and 28.3 trillion VND (1.24 billion USD) from domestic investors, exceeding its targets by 83 percent and 150 percent, respectively.

The province’s industrial production value was nearly 732 trillion VND (32.2 billion USD), up 9.1 percent from 2016, of which the foreign investment sector made up of 592 trillion VND (26 billion USD).

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.-VNA