The central province of Ha Tinh announced a master plan on socio-economic development for the province into 2020, with a vision to 2050, at a conference on April 27.

Chairman of the provincial People’s Committee Vo Kim Cu said that the master plan was based on the prospects of Ha Tinh’s competitive sectors, namely steel manufacturing; agriculture, forestry and fishery industries; trade, transport and logistics; textiles and garments; construction; education and training; information and communication.

Accordingly, by 2020, the province aims to have an annual economic growth rate of 18.4 percent; industrial, service and agricultural sectors will account for 54.7 percent, 32.2 percent and 13.1 percent of the province’s economy respectively; and the number of poor households will fall by 3-4 percent per annum.

Addressing the event, Deputy Prime Minister Nguyen Xuan Phuc stressed that Ha Tinh needs to continue promoting its potential and this master plan to businesses and regional countries, in order to attract investment in priority sectors. The province should also improve the quality of its human resources to serve economic zones and large projects’ demands, he added.

On the occasion, Ha Tinh presented certificates of investment to six businesses, including four foreign investors from Japan, the Republic of Korea, Hong Kong and Taiwan (China). The investors pledge to pour more than 55.4 trillion VND (2.6 billion USD) in the province.

Since 2011, 301 new projects, worth more than 346 trillion VND (16.5 billion USD), have been licensed to operate in Ha Tinh. Among them there are 48 foreign projects with total registered capital of 218 trillion VND (10.4 billion USD), including those run by such giants as Formosa ( Taiwan ( China ), Samsung (the RoK) and Mitsubishi ( Japan ).-VNA