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Khanh Hoa should develop strong sea-based economy: Party official

Given its huge development potential, Khanh Hoa should focus on the sea-based economy, a senior Party official said on May 11.
Khanh Hoa should develop strong sea-based economy: Party official ảnh 1Tran Tuan Anh, Politburo member and Chairman of the Party Central Committee’s Economic Commission, speaks at the meeting with Khanh Hoa officials on May 11 (Photo: VNA)
Khanh Hoa (VNA) – Given its hugedevelopment potential, Khanh Hoa should focus on the sea-based economy, asenior Party official said on May 11.

In its Conclusion No 53-KL/TW, issued onDecember 24, 2012, on Khanh Hoa’s development until 2020 with a vision to 2030,the Politburo envisioned that the central coastal province will become a centrally-runcity, and a centre of economy, tourism, science and technology, human resourcestraining for maritime economic and tourism activities, and health care in thesouthern central coastal region, the Central Highlands, as well as Vietnam as awhole.

In particular, the Van Phong Economic Zone (EZ)was designated as not only the economic hub of Khanh Hoa but also an investmentmagnet and an economic development driver for neighbouring areas and the entirecountry.

Carrying out the conclusion, the province hasobtained many significant achievements in socio-economic development, witheconomic growth sustained, budget revenue from domestic sources up 13.8 percentannually on average in the 2013 - 2019 period, and total exports topping 9.7billion USD in 2013 - 2020.

Initial outcomes have been seen in thedevelopment of the Van Phong EZ, which has attracted over 150 investmentprojects worth 4.1 billion USD, with 94 projects already operational and about1.39 billion USD of capital implemented, local officials reported.

However, certain problems have emerged, such as ineffectiveexploitation of local potential and advantages, infrastructure remaininglimited, and the Van Phong EZ yet to meet expectations.

At the meeting with provincial leaders in NhaTrang city, Tran Tuan Anh, Politburo member and Chairman of the Party CentralCommittee’s Economic Commission, suggested Khanh Hoa reform the growth modeland restructure its economy towards higher quality, greater diversity withsea-based economic sector at the centre.

At present, authorities should pay attention torealising the concurrent targets of combating COVID-19, boosting economicdevelopment, and caring for people’s living standards, according to him./.
VNA
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