Create a breakthrough for economic development

​The province's plan for the period 2021-2025 will achieve an annual average growth rate of gross domestic product (GRDP) over 8.5%. At the same time, the province maintains the proportion of industry and services in the GRDP over 90%, striving to reach the end of 2025, the average GRDP per capita will reach over 8,000 USD...

The completion of Dong Nai riverside project will create a breakthrough for Bien Hoa City’s economic development.

Creating momentum for economic development

Over the past time, localities in the province have urgently completed the plan of registration for medium-term public investment capital from 2021-2025. These are mostly important works and projects on technical infrastructure to create a breakthrough in socio-economic development of the locality and the province. Through research in localities, the capital needed for the next 5 years will increase by 18 trillion VND compared to the 2016-2020 period. In which, there are many major projects of the province that have not been implemented as planned such as: Phuoc An inter-port road, Cai river-side road, Dong Nai river-side road, the road connecting Buu Hoa bridge - National highway 1K, Trung trunk road. Center of Bien Hoa City, Huong Lo 2, ... Therefore, the projects will speed up in the coming period to be completed and put into use.

Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, Mr. Nguyen Phu Cuong repeatedly emphasized that the province and localities must prioritize capital and human resources to speed up the progress of key transport projects of the province to put into operation to create a breakthrough in economic development. Early completion of important projects greatly contributes to economic growth, state budget revenues, highlights urban centers, and attracts domestic and foreign investment. The developed economy creates jobs and stable incomes for many local laborers, and will improve the lives of people in the locality.

From 2016-2018, the provincial People's Committee plans to deploy more than 40 important transport infrastructure projects in the form of BT (build-transfer). The province will exchange land for infrastructure with businesses to invest in roads and works. However, Dong Nai has only been able to implement a number of projects that must be stopped at the request of the Government. Provinces, including Dong Nai, spent more than a year waiting for the Government to remove projects intended to invest in the BT form. In Dong Nai, technical infrastructure projects which are expected to be invested in the BT form must re-file to find other capital sources for investment. The People's Committee of the province chooses the investment method that is to use the budget capital to make, then recover advantageous lands to compensate. This greatly affects the economic development of localities.

Land auction with additional investment capital

Vice Chairman of the Provincial People's Committee, Mr. Nguyen Quoc Hung affirmed: “Over the past time, the province has auctioned a number of golden lands collected over 6 trillion VND and the above money is used to invest in important projects of the province. Currently, the projects that are under construction do not worry about the lack of capital, investors and construction units can speed up the implementation progress to disburse capital”.

For a long time, any area with open big roads, convenient traffic, shorten travel time and freight transportation shall attract many investment projects in the fields of: industry, handicraft, trade, service, tourism, real estate. For example, the Ho Chi Minh City-Long Thanh-Dau Giay expressway has been completed and put into operation, about 2-3 years ago, FDI enterprises, domestic enterprises invest in Thong Nhat, Long Khanh City increased significantly. Currently, 3 industrial parks near the above expressway, namely Suoi Tre, Long Khanh, Dau Giay have been nearly filled. The localities have proposed new planning and expanding industrial zones to catch the wave of investment continuing to pour into the province.

 Mr. Okada Hideyuki, President of Japan Business Association in HCM City said: “In the coming years, Dong Nai continues to be a destination chosen by many Japanese businesses. If over the past time, Japanese enterprises mainly invest in the industrial sector, there will be more trade in services here. However, to catch a large inflow of capital from Japan, the province invests quickly in transport infrastructure”.

 Dong Nai is a land with many potentials that domestic and foreign corporations want to invest in the fields, industry, trade and services, technical infrastructure, real estate, and tourism. In addition to the good implementation of the planning, the province should focus on simplifying procedures, shortening the time to process dossiers and procedures, facilitating businesses to pour capital into the implementation of projects.

Vi Quan