Dong Nai province urged to accelerate urbanization

Dong Nai (VNA) Dong Nai should pay more attention to urbanization besides industrialization, Deputy Prime Minister Vuong Dinh Hue told the southern province’s officials during a working session on January 8.

He hailed the province for its socio-economic performance in 2018, with an 8.1 percent increase in Gross Regional Domestic Product (GRDP), which is higher than the national rate, and a trade surplus of 2.6 billion USD, nearly one third of the country’s total.

The Deputy PM particularly appreciated Dong Nai’s success in attracting foreign direct investment (FDI), with more than 28 billion USD poured into the locality so far and 20.5 billion USD of which already disbursed.

He required ministries and agencies to research suitable mechanisms and policies to enable Dong Nai to maintain its growth rate in the time ahead.

According to Hue, Dong Nai is among the top five contributors to the State budget and a driving force of the southern key economic region as well as the country, hence the need for policies to nurture its growth.

The government leader also acknowledged Dong Nai’s success in building new rural areas, with 100 percent of its communes meeting all criteria for new rural areas and 17 communes achieving the revised higher criteria set by the province.

The Deputy PM basically approved Dong Nai’s proposals on the local budget, allocation of Official Development Assistance (ODA) capital, investment projects funded by the central budget and in the form of PPP (Private-Public Partnership) and BT (Build-Transfer), and the construction of the Cat Lai bridge.

Vice Chairman of the provincial People’s Committee Tran Van Vinh reported that Dong Nai now has 35 industrial parks with an occupancy rate of 77 percent. The province absorbed 1.9 billion USD in FDI in 2018, and earned 18.6 billion USD from exports, with a surplus of 2.6 billion USD.-VNA

Source: Vietnam News Agency

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