The Southern key economic area has set targets to reach an annual average GDP per capita of US$3,900-4,000 by 2015 and over US$5,000 by 2020.
The Southern key economic area has set targets to reach an annual average GDP per capita of US$3,900-4,000 by 2015 and over US$5,000 by 2020.
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| Ho Chi Minh City is set to be the nucleus of southern economic area |
The goals were outlined in a Master Plan for socio-economic development of Southern and Mekong Delta key economic areas until 2020 with a vision to 2030, which was released by the Ministry of Planning and Investment in Ho Chi Minh City on June 5.
The southern economic area, which includes Ho Chi Minh City, Binh Phuoc, Tay Ninh, Binh Duong, Dong Nai, Ba Ria - Vung Tau, Long An and Tien Giang, is specified as the leading region in developing electronics components, software production, logistical and financial services, and telecommunications and tourism, creating motivation for socio-economic development of the whole country.
The region, with Ho Chi Minh City as the nucleus, was also destined to be a significant centre for South East Asia in finance, trade, tourism and international exchanges.
Under the master plan, the region is expected to attain a GDP growth rate of 8-8.5% by 2015 and 8.5-9% in the 2016-2020 period, with 95-96% of GDP contributed by industry, construction and service sectors.
In the next period from 2021-2030, the region's GDP is planned to grow at 8.0-8.5% per year and GDP per capita is set to reach US$12,200 by 2030.
The Mekong Delta key economic area, comprising Can Tho, Ca Mau, An Giang and Kien Giang provinces, is defined as a centre for services, tourism and food production of the nation.
In particular, Nam Can tourism site and Phu Quoc Island are set to be national tourism sites and bridges for international economic integration, as well as strategic areas in national defence and security.
The Mekong Delta economic area plans to achieve a GDP growth rate of 11% by 2015 and 10.5% in the 2016-2020 period. Average GDP per capita is hoped to reach US$2,470 in 2015, US$4,400 by 2020 and US$9,300 by 2030.
(Source:Nhan Dan)
