In Vinh Long (Photo: VNA) Vinh Long (VNA) – The Mekong Delta province of Vinh Long is takingsynchronous measures to fight COVID-19 pandemic and step up socio-economicdevelopment, said Chairman of the provincial People’s Committee Lu Quang Ngoi.
Accordingly, theprovincial authorities asked the Department of Industry and Trade toeffectively launch programmes to stimulate domestic consumption, expanddomestic markets and support businesses.
The provincialDepartment of Agriculture and Rural Development was required to seek marketsfor farm produce to achieve growth and export targets this year.
The departmentdirected the provincial Department of Planning and Investment tackle to difficulties regarding investment procedures and step up disbursement of publicinvestment capital, especially for projects using State budget and key constructionworks.
The provincial branchof the State Bank of Vietnam was assigned to direct credit organisations to createfavourable conditions for businesses and people to access loans at preferentialrates, and offer suitable credit products to enterprises.
The province is also hastening administrative reform, improving investment and business environment to save costs for residents and businesses, and creating favourableconditions for investors, experts, corporate executives and highly skilled workersto enter the locality.
In eight months of this year, the total local State budget revenue surpassed5.84 trillion VND (253 million USD), or 81.6 percent of the yearly estimate, up22.2 percent year-on-year. The total retail of goods and services topped 36.1trillion VND, up 1.98 percent annually, while the total infrastructure investment hit more than 1.28 trillion VND, or 35.3 percent of the plan, of whichover 1 trillion VND was disbursed, equivalent to 30.2 percent.
Due to the impacts ofCOVID-19, several economic targets dropped from 2019, including exportsdown 5.2 percent to 344.5 million USD, tourist arrivals down 42.3 percent with407,000, and local industrial index falling 4.3 percent./.
