Dong Nai works to drive economic development

Improving the business climate is part of the southern province of Dong Nai’s efforts to boost its economic growth during 2021-2025, Chairman of the provincial People’s Committee Cao Tien Dung said at a recent conference.
Dong Nai works to drive economic development ảnh 1Amata Industrial Park in Dong Nai (Photo: congthuong.vn)
Dong Nai (VNA) - Improving the business climate is part of thesouthern province of Dong Nai’s efforts to boost its  economic growth during2021-2025, Chairman of the provincial People’s Committee Cao Tien Dung said ata recent conference.

The province will create favourable conditions for local businesses and peopleto carry out administrative procedures, particularly in the prioritised fieldsof agriculture, rural development, exports, investment attraction, and startups.

Focus will be sharpened on mobilising resources and securing effectiveinvestment in technical infrastructure, improving public services, and investingin key projects and high-quality human resources training.

In particular, the province sees transport infrastructure development as a meansof creating a breakthrough in the local economy.

More than 35.1 trillion VND (1.52 billion USD) in public investment will beallocated in 2021, including nearly 22.86 trillion VND for Long ThanhInternational Airport.
In the next fiveyears, the province will speed up planning work and procedures to expand andopen additional industrial parks to lure more domestic and FDI projects.

According to the provincial People’s Committee, its gross regional domesticproduct (GRDP) grew 4.44 percent in 2020, or 1.53 percent higher than thenational level.
Dong Nai works to drive economic development ảnh 2Workers at a factory Tuong Lai company in Dong Nai (Photo: VNA)

Despite the formidable challenges posed by the COVID-19 pandemic, Dong Nai province introducedeconomic recovery measures in a timely manner, creating a premise for economicdevelopment in 2021.

Its industrial production value surged 6.2 percent last year, while the agro-forestry-fisherysector saw growth of 3.17 percent, higher than national rates of 3.35 percent and 2.82 percent, respectively. LocalState budget collection topped 54.2 trillion VND, or 2 percent higher than theestimate.

Dong Nai attracted 29 trillion VND in domestic investment, or 290 percent ofthe annual plan, while attracting 1.3 billion USD in FDI, or 30 percent higherthan the annual plan.

There have been many silver linings during the pandemic, with the provinceregistering more than 4,000 enterprises in 2020, up 6 percent year-on-year, Directorof the provincial Department of Planning and Investment Ho Van Ha said, adding thatthe number of businesses in the province now totals over 41,000.

Ha stressed that Dong Nai has been a leading locality in terms of industrialdevelopment, with 31 operational industrial parks with occupancy rates of over 82percent.

It jumped three spots in 2020 compared to 2018 in the ProvincialCompetitiveness Index (PCI), to 23rd out of Vietnam’s 63 cities andprovinces, posting 65.82 points on a 100-point scale, he said, adding that thisis a vivid illustration of the improvement in the local administrativeapparatus./.
VNA

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