Deputy Prime Minister Hoang TrungHai made the statement while chairing a conference in the Mekong Deltacity of Can Tho on April 7 on the development of key economicregions.
According to the Ministry of Planning andInvestment, Vietnam now has four key economic regions, includingthe North, Central, South and Mekong Delta, which account for 27.42percent of the area and 51.27 percent of the population of the country.
They see dynamic development with modern economicstructures and play the role as the locomotive in national developmentand international integration.
However, Deputy PM Hai, who is also Head of the State Steering Committeefor Key Economic Regions, said the regions still suffer from lowinvestment efficiency and the poor quality of planning, management andimplementation work.
They are yet to have anyproducts with high added values and competitiveness, he added. Heinstituted relevant ministries, sectors and localities to coordinatecloser in planning and implementing key projects in the four regions aswell as in strengthening linkage between them.
Theconference set a target that the GDP growth rate of these key economicregions will reach 9-10 percent, about 1.4 times higher than thecountry’s average rate.
In the 2006-2011 period,the regions recorded an average GDP growth rate of 10.98 percent and aper-capita income 3.6 times higher than that of the country. Theirexport value accounted for nearly 90 percent of the country’s total.-VNA