Thai Binh must seek sustainable growth models: Deputy PM

Thai Binh should seek sustainable growth models while shifting its economic structure to more promising areas, Deputy Prime Minister Hoang Trung Hai has advised.
Thai Binh should seek sustainable growth models while shifting its economic structure to more promising areas, Deputy Prime Minister Hoang Trung Hai has advised.

At a working session held with authorities of the northern province on February 21, the Deputy PM called for policies that make the business landscape more attractive to high-profile investors, especially those active in environment field.

He asked the locality to work harder on agricultural restructuring, ensuring that all farm produce is sold successfully after being processed. In the meantime, he said that more attention should be paid to vocational training in rural areas and key projects, such as the forthcoming Thai Binh power centre.

As well as abiding by Party, National Assembly and Government Resolutions, Thai Binh should focus on ramping up its infrastructure, luring more investment and developing a hi-tech processing industry based on its rich land and abundant workforce, he said.

Appealing for all possible business incentives, Hai admitted that the province has huge potential in large-scale animal husbandry and the processing industry.

Hai told his hosts that their own suggestions for central support will be considered carefully before being submitted to the Prime Minister.

Last year, the provincial economy expanded by 8.8 percent, with nearly 1 billion USD in exports. Over 3.6 trillion VND (170 million USD) was collected for the State budget, placing Thai Binh among five provinces with the highest State budget contribution.

This year, Thai Binh is aiming for economic growth of at least 10 percent, contributing more than 7.8 trillion VND (370 million USD) to the State budget and earning over 1 billion USD from exports.

Compared to 14 communes in 2013, another 30 are set to meet national criteria on new rural-style areas. Up to 32,000 workers are expected to have new jobs and the rate of poor households will drop to 1.5 percent from the 4.55 percent seen last year.-VNA

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