Vinh Phuc overcomes difficulties to maintain the growth

04:01 | 12/01/2018
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In 2017, facing many difficulties and challenges, but under the leadership and direction of the provincial Party Committee, People's Council, People's Committee, with the determination and efforts of all departments, localities, people, and business community, the socio-economic development of the province maintained the steady growth.


In 2017, facing many difficulties and challenges, but under the leadership and direction of the provincial Party Committee, People's Council, People's Committee, with the determination and efforts of all departments, localities, people, and business community, the socio-economic development of the province maintained the steady growth.

Piaggio Vietnam Co., Ltd (Binh Xuyen Industrial Park) achieving impressive business results has a growth rate of over 8% in 2017 and contributed positively to the socio-economic development of the province.

In 2017, the national economy in general and the province's in particular dealt with many difficulties. In the province, automobile manufacturers had to reduce their business output due to the policy of reducing import tax on automobiles for complete units from ASEAN countries from 40% in 2016 to 30% in 2017, thereby, the budget revenue of the province reached lower than the estimated; the ground clearance compensation and implementation of investment procedures for some large projects were still slow ...

To deal with this situation, the provincial Party Committee, People's Council and People's Committee focused on directing and implementing many measures to manage the implementation of the socio-economic development plan and state budget estimates in 2017; strengthening the removal of difficulties and problems for enterprises and their production and business; mobilizing and efficiently using development investment capital sources; promoting agricultural restructuring, creating positive changes in productivity, quality and production efficiency; raising the ability to attract domestic and foreign investment capital, especially FDI capital; prioritizing the attraction of investment projects on hi-tech industry and clean technology;

concentrating resources to step by step build up and complete infrastructure systems in industrial parks and clusters; creating favorable business environment to attract secondary investors, increasing the occupancy rate of industrial zones ... well implementing the task of fundamentally renovating education and training; promoting the implementation of employment policies linked to the labor market, stabilizing and developing the labor export market ...

As a result, the province's socio-economic situation in 2017 continued the stability and maintained a good growth. The total product in the area (GRDP at the comparative price in 2010) was estimated to increase 7.62% compared to the same period, in which: agriculture, forestry and fishery increased over 3.5%; industry and construction up over 10%; services up 8.4% and product taxes up over 3.5%.

Many socio-economic indicators increased relatively compared to 2016 such as: the total investment capital for development of the whole society reached over VND 28 trillion, rising 6.9%; export turnover was estimated at over USD 2 billion, up over 13%; the total retail sales was nearly VND 41 trillion, rising nearly 14%; the number of visitors to Vinh Phuc reached over 4.2 million dong, up over 13% with the revenue of more than 1.4 trillion dong, up above 18% ...

The work of promotion and investment attraction was actively implemented. In 2017, the province attracted 78 more projects, including 38 DDI ones with the total registered capital of VND 3.7 trillion and 40 FDI projects with USD 375 million. Accumulated to the end of 2017, the province had 939 valid investment projects, including 260 FDI projects valued at USD 3.7 billion and 679 DDI ones at over 67,500 billion dong.

The province had 1,100 new businesses in 2017 with a total registered capital of VND 7.0 trillion, rising 33% in number of enterprises and 44% in registered capital compared to 2016. Untill now, the province has 8,450 registered enterprises with 70 trillion dong.

The National target program on new rural construction was strengthened and the province had two districts reaching new rural districts and 91 communes satisfied 19 new rural criteria; 77/112 communes were recognized as new rural standard (increasing 8 communes compared to the end of 2016). The fields of culture and social security were concerned and had positive changes, national defense and security were maintained, social order and safety were ensured.

In 2018, the situation in the country and the world is forecasted to be more favorable than in 2017; however, difficulties and challenges still exist. Therefore, in order to continuously implement objectives on accelerating the industrialization and modernization; exploiting and using resources effectively for sustainable socio-economic development,

improving the quality and competitiveness of the economy... Vinh Phuc has to further promote the spirit of solidarity, mobilize the participation and determination of the whole political system, people and business community to create motivation for the socio-economic development.

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