Vinh Long steps up socio-economic development
Vinh Long (VNA) – The Mekong Delta province of Vinh Long is taking
synchronous measures to fight COVID-19 pandemic and step up socio-economic
development, said Chairman of the provincial People’s Committee Lu Quang Ngoi.
Accordingly, the
provincial authorities asked the Department of Industry and Trade to
effectively launch programmes to stimulate domestic consumption, expand
domestic markets and support businesses.
The provincial
Department of Agriculture and Rural Development was required to seek markets
for farm produce to achieve growth and export targets this year.
The department
directed the provincial Department of Planning and Investment tackle to difficulties regarding investment procedures and step up disbursement of public
investment capital, especially for projects using State budget and key construction
works.
The provincial branch
of the State Bank of Vietnam was assigned to direct credit organisations to create
favourable conditions for businesses and people to access loans at preferential
rates, 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 favourable
conditions for investors, experts, corporate executives and highly skilled workers
to enter the locality.
In eight months of this year, the total local State budget revenue surpassed
5.84 trillion VND (253 million USD), or 81.6 percent of the yearly estimate, up
22.2 percent year-on-year. The total retail of goods and services topped 36.1
trillion 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 which
over 1 trillion VND was disbursed, equivalent to 30.2 percent.
Due to the impacts of
COVID-19, several economic targets dropped from 2019, including exports
down 5.2 percent to 344.5 million USD, tourist arrivals down 42.3 percent with
407,000, and local industrial index falling 4.3 percent./.