From now to 2020, the northern key economic region is required toattain a rapid growth rate so as to make a breakthrough to drive thedevelopment of the whole northern region, Deputy Minister of Planningand Investment Dang Huy Dong has said.
Thenorthern key economic region comprises Hanoi, Hai Phong city, and QuangNinh, Hai Duong, Hung Yen, Bac Ninh and Vinh Phuc provinces.
Under a master plan on socio-economic development of the regionannounced in Hanoi on June 25, the regional gross domestic product (GDP)is set to grow by 7.5 percent from 2011 to 2015 and 9 percent in the2016 – 2020 period.
Per capita GDP is expected to reach 3,200 – 3,500 USD per year by 2015 and 5,500 USD by 2020.
The plan also targets 7.7 percent of GDP contributed by theagro-forestry-fishery sector, 48.3 percent by industry – construction,and 44 percent by services by 2015. The respective figures by 2020 areset at 5.5 percent, 49.1 percent, and 45.5 percent.
At the same time, the northern key economic region is supposed toactively improve its business environment and swiftly strengthencoordination among sectors and local authorities in support of small-and medium-sized enterprises.
The seven localities also need to work closer to organise promotion campaigns to attract foreign direct investment.
Vu Quang Cac, Director General of the ministry’s Planning ManagementDepartment, said the region will need over 1.8 trillion VND (85.7million USD) for socio-economic development from now to 2020.-VNA
Thenorthern key economic region comprises Hanoi, Hai Phong city, and QuangNinh, Hai Duong, Hung Yen, Bac Ninh and Vinh Phuc provinces.
Under a master plan on socio-economic development of the regionannounced in Hanoi on June 25, the regional gross domestic product (GDP)is set to grow by 7.5 percent from 2011 to 2015 and 9 percent in the2016 – 2020 period.
Per capita GDP is expected to reach 3,200 – 3,500 USD per year by 2015 and 5,500 USD by 2020.
The plan also targets 7.7 percent of GDP contributed by theagro-forestry-fishery sector, 48.3 percent by industry – construction,and 44 percent by services by 2015. The respective figures by 2020 areset at 5.5 percent, 49.1 percent, and 45.5 percent.
At the same time, the northern key economic region is supposed toactively improve its business environment and swiftly strengthencoordination among sectors and local authorities in support of small-and medium-sized enterprises.
The seven localities also need to work closer to organise promotion campaigns to attract foreign direct investment.
Vu Quang Cac, Director General of the ministry’s Planning ManagementDepartment, said the region will need over 1.8 trillion VND (85.7million USD) for socio-economic development from now to 2020.-VNA
