Thue Thien – Hue sees positive economic outcomes in Q1 hinh anh 1A corner of Hue City, Thua Thien - Hue province (Source: VNA)

Thua Thien – Hue (VNA) – The central province of Thua Thien – Hue has witnessed positive economic results in the first quarter of 2018, especially in investment attraction, with nearly 3.2 trillion VND (135.4 million USD), up 5.52 percent year-on-year.

The locality’s export turnover hit 193.4 million USD, representing a yearly increase of 2.75 percent, while budget collection reached 1.3 trillion VND (56.8 million USD), equivalent to 19.1 percent of the set plan.

The total retail sales and service revenue was valued at 9.2 trillion VND (402 million USD), up 9.53 percent year-on-year. The industrial production index in the period increased 5.3 percent compared to the same period last year.

The largest-scale investment projects in the locality in the last three months included a solar power plant worth 1.15 trillion VND (50.2 million USD), a 360 billion VND (15.7 million USD) fibre factory, and a textile material factory with total investment of 99 billion VND (over 4.3 million USD).

As many as 149 new enterprises were formed in the period with a total registered capital of 1.22 trillion VND (over 53.3 million USD).

The locality also recorded strong growth of the tourism sector. It welcomed over 1.1 million tourists in the January-March period, up 39.52 percent year-on-year. The province aims to serve about 4-4.2 million visitors in 2018, 10 percent higher than 2017.

Nguyen Van Cao, Chairman of the provincial People’s Committee, said the locality continues calling for investment in developing the Lang Co – Chan May Bay, one of the most beautiful bays in the world.

It will make tourism and services a spearhead economy in the coming time, towards turning the locality into one of leading destinations of the country and the region.

 Thua Thien – Hue plans to spend about 6.2 billion VND (270.9 million USD) per year on supporting the development of small and-medium-sized enterprises.

The support will focus on finance and credit, preferential policy and legal support, science-technology, and start-up.-VNA