Dong Nai reviews socio-economic performance in five months

10:06, 08/06/2016

(ĐN)- On June 6, Chairman Dinh Quoc Thai of Dong Nai provincial People's Committee  presided over a meeting to assess the province's socio-economic situation in the first five months of this year and define major tasks for the rest of the year.

(ĐN)- On June 6, Chairman Dinh Quoc Thai of Dong Nai provincial People’s Committee  presided over a meeting to assess the province’s socio-economic situation in the first five months of this year and define major tasks for the rest of the year.

Secretary Nguyen Phu Cuong
Secretary Nguyen Phu Cuong speaks at the meeting.

According to report from the provincial People's Committee, Dong Nai’s development investment capital hit over VND23 trillion in Jan-May, up 12 percent over last year’s same period. Meanwhile, state budget collection reached nearly VND17.2 trillion, increasing by 13 percent year-on-year.

Dong Nai ranked 37th among 63 cities and provinces in terms of competitiveness, increasing 5 places from 2014.

In the reviewed period, the province’s index of industrial production grew 8.2 percent year on year, while retail and service revenues totaled some VND55.4 trillion, an annual rise of 11 percent. Notably, the province enjoyed a trade surplus of over US$800 million.

Since the beginning of the year, the province has lured more than US$772 million worth of foreign direct investment, which accounted for 81 percent of its target.

Taiwan, Japan and South Korea are the lead among countries and territories investing in the province in the reviewed period.

Currently, Dong Nai is an attractive destination to foreign investors due to its good infrastructure, convenient transport network, and simple and time-saving administrative procedures.

 Speaking at the meeting, Chairman Dinh Quoc Thai urged further efforts to improve investment environment, reform administrative procedures, streamline procedures and reduce the time for enterprises.

Reported by H.G