(ĐN)- Dong Nai saw a high economic growth rate in the first nine months of the year. The assessment was given out by the provincial People's Committee (PC) on Oct 1 at the meeting to review the socio-economic situation in the period.
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| Chairman Dinh Quoc Thai speaks at the meeting. |
(ĐN)- Dong Nai saw a high economic growth rate in the first nine months of the year. The assessment was given out by the provincial People’s Committee (PC) on Oct 1 at the meeting to review the socio-economic situation in the period.
According to Chairman Dinh Quoc Thai of PC, in the first three quarters of this year, Dong Nai’s economy continued to recover and saw high growth in most of fields. The province’s gross regional domestic product (GRDP) in reviewed period reached about VND48 trillion, a 11.3% year-on-year increase. The figure is expected at some VND63.8 trillion, an increase of 8.1 percent from last year.
In the first three quarters of 2015, 1,840 businesses registered for establishment, capitalizing at nearly VND7,500 billion, up 26% in the number of businesses and 17% in the registered capital compared to the same period last year.
Another 378 enterprises increased their registered capital to a combined VND3.4 trillion, according to the provincial Department of Planning and Investment.
Dong Nai also reported an export turnover of more than US$10.8 billion in the first nine months, the highest figure over the last years, a year-on-year increase of nearly 11.3 percent. Key export commodities included footwear, textile and garment, yarn, wooden products, computers and electronic components.
The US, Germany, Japan, South Korea and Hong Kong are the locality’s significant export markets.
Dong Nai’s export is forecast to continue on its upward trend since a number of businesses received orders until the end of 2016’s first quarter already. The province is expected to earn around US$15 billion from exports this year.
Many free trade agreements with ASEAN countries, which already took effect, have provided big opportunities for local exporters.
Since the beginning of the year, the province’s taxation sector and related agencies has taken measures to intensify budget collection, including administrative procedural reforms and expansion of the online tax declaration system. Accordingly, Dong Nai’s state budget collection in Jan-Sept was estimated at over VND27.7 trillion, an increase of 9 percent over the same period last year. Òf the total, domestic collection amounted to VND17.2 trillion, collection from import - export activities was VND9.4 trillion, and collection from lottery was VND1.1 trillion.
As of October 1, Dong Nai attracted more than US$2 billion in foreign direct investment (FDI), surpassing the yearly target by 200 percent, said Mai Van Nhon, Deputy Head of the Dong Nai Industrial Park Management Unit. The locality has so far attracted a combined 1,540 projects worth approximately US$28 billion.
Also, during this period, domestic investors injected VND8 trillion into the province, up 2% against the same period of previous year. Dong Nai has so far issued licences to 635 domestic projects with a total capital of nearly VND169 trillion.
Speaking at the meeting, Chairman Dinh Quoc Thai asked departments, agencies and localities to deploy measures for socio-economic development in the coming time, focusing on improving the quality of administrative reforms, promoting domestic and foreign investment attraction, and paying more attention in supporting the local enterprises to improve competitiveness.
Reported by H.G
