Want to be in the loop?
QUANG NINH EMERGES AS SUCCESSFUL ECONOMIC TRANSFORMATION MODEL, PM SAYS
Quang Ninh has emerged as a successful economic transformation model as the locality has shifted to a greener and diverse economy, said Prime Minister Nguyen Xuan Phuc.
The Government chief made the above remarks at his working session with the local leaders on Sunday.
He hailed the local authorities for having been dynamic in diversifying forms of investment capital mobilization from various economic sectors, including major private and foreign-invested companies, making it one of the strong and comprehensive growth poles in the Northeastern region.
The local economy expanded around 11% in the 2016-2019 period, with agriculture and service sectors acounting for 6% and 46%, respectively.
PM Phuc also said he was impressed with the locality’s transport infrastructure as major airport, seaport, and highway projects were handled under the public-private partnership model.
Quang Ninh was the first locality in Viet Nam to have built a public administrative center and maintained high growth rate of 7.2% in the first quarter this year despite negative impacts of the COVID-19 outbreaks.
Quang Ninh sustained its position as the most competitive province for the 3rd consecutive year, according to the Provincial Competitiveness Index released by the Viet Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID) early this month.
Phuc said Quang Ninh’s recent robust growth has been strongly fueled by effective expansion of tourism, providing a source of inspiration for other localities. Last year, Quang Ninh welcomed 14 million visitors, of whom 5.75 million were foreigners.
The National Assembly approving the Master Plan on socio-economic development in ethnic minority and mountainous areas in 2021-2030 was approved in November.
1. Battery tramcar supply-bid cancel2. Water pump supply-bid extend3. Coal vacuum operation system supply4. Heat control equipment supply5. Customer management system upgrade----and more news
1. Banks reduce deposit interest rates sharply 2. Banks lower lending interest rates 3. Economic restoration needs 'wartime' policy effort 4. EVFTA expected to give a lift to real estate sector 5. Vietnam insurance firms expect COVID-19 profit downers ----and more news
TheLEADER David Nardone, Group Executive - Industrial and International, WHA Industrial Development Plc believes that the opportunities in Vietnam are substantial and attractive, especially after its effective response to the Covid-19 pandemic.
The domestic real estate market is hoped to have growth in the fourth quarter of this year and before the Lunar New Year 2021 if, by this year-end, the domestic economy is restored to levels from before the COVID-19 pandemic, according to insiders.
1. Banks offer relief to 230,700 pandemic-hit borrowers in HCM City 2. Banks transfer financial companies 3. Vietnam's positive growth in Q2 defies market expectations: HSBC 4. HCM City's industrial production grows 1.18pct 5. National retail sales, service revenues up in June ----and more news