Hai Phong urged to become growth pillar of Vietnam

Friday, 2018-03-02 09:58:45
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Deputy PM Trinh Dinh Dung speaks at the session. (Photo: VGP)
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NDO - Deputy Prime Minister Trinh Dinh Dung has urged the northern port city of Hai Phong to make full use of its strength as the gateway to the sea for the northern region and develop into a major economic centre, a city of innovation, and a growth pillar of the country.

The Deputy PM made the call at a working session with the city’s key leaders to review the local socio-economic development over the past few years, on March 2.

While acknowledging the achievements that Hai Phong has gained during the past few years, the Deputy PM asked the city to exert further efforts to make the economic growth strong and sustainable.

Economic restructuring in combination with renovating the growth model should continue to be accelerated, he noted.

According to a report presented by the city People’s Committee, in 2017, the city set a gross regional domestic product (GRDP) growth rate of 14.01%, the highest level since 1994 and 2 times higher than the national average. The industrial production index (IIP) increased by 21.6%, while export revenue rose by 22.2%, and the volume of goods handled through Hai Phong port reached 92 million tonnes last year.

The budget revenue reached over VND71 trillion, of which domestic revenue reached nearly VND22 trillion, up 26.5%, and exceeding the target set by the 15th municipal Party Congress before 3 years.

The business investment environment continued to see improvements. The city has inaugurated a high-tech electronics factory of LGD Group, worth nearly US$2 billion, attracting nearly US$1 billion in foreign investment.

On the same day, Deputy PM Dung visited the construction site of Vinfast automobile manufacturing complex in Dinh Vu – Cat Hai economic zone.