Business

Lam Dong records high economic growth

The Central Highland province of Lam Dong recorded a gross regional domestic growth (GRDP) of 17.9 percent in the first six months of this year over the same period last year, reaching 17.055 trillion VND (801.585 million USD), the provincial People’s Committee reported.
The Central Highland province of Lam Dong recorded a gross regionaldomestic growth (GRDP) of 17.9 percent in the first six months of thisyear over the same period last year, reaching 17.055 trillion VND(801.585 million USD), the provincial People’s Committee reported.

Of the total, agro-forestry-fisheries sector contributed 4.6 trillionVND (216.529 million USD), up 10 percent, while industry-constructionsector made up 5.3 trillion VND (250.651 million VND), a rise of 26.8percent, and service 7.11 trillion VND (334.452 million USD), anincrease of 17.3 percent.

In the six months, theprovince welcomed about 2.3 million visitors, including more than130,000 foreign arrivals, up 9 percent year-on-year. It also earned 248million USD from export, a surge of 67.4 percent, while importing anamount of goods worth 24.2 million USD.

At the same time, it paid 2.37 trillion VND to the state budget and 5.45 trillion VND to the provincial coffer.

In the January-June period, the province attracted 12 new projectstotalling 285 billion USD, including three foreign-invested ones with acombined capital of 13.85 million USD.

Thanks to theapplication of high technology, its agricultural outputs stayed high,especially the production of vegetable and flower. Currently, theprovince has 35,000 hectares of high technology farming areas and 9,000dairy cows.

According to the Lam Dong People’sCommittee, the province will work harder to support local business,expand markets and promote trade and tourism in order to fulfil itsyearly socio-economic goals with 14 percent GRDP growth for the wholeyear and a total state budget collection of 6 trillion VND.-VNA
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