Economy continued showing positive signs in November

Chairman of Dong Nai People’s Committee – Vo Van Mot – is making a speech at the meeting

    The report by Dong Nai People’s Committee shows that economy has changed for the better for eleven months of 2009 due to the impact of the economic recession. Specifically, industrial construction sector in November rises by 7.2% over October. The production value of 11 months of 2009 is estimated to reach VND80.380 trillion, accounting for 92.8% of the year plan. 8 out of 9 major industries of the province have seen a high growth. Those are mining, construction materials, textiles, garments and footwear ... total retail sales in November reach VND5,113 billion, up 3.2% compared to the previous month. Eleven months’ accumulative value is VND40,151 billion, up 20.8% over the same period. The CPI in November rises by 0.42% compared to the previous month, up 3.04% over the same period last year. November’s export hits US$722.5 million, up 29.5% compared to the previous month while import reaches US$670 million, up 5.1% compared to the previous month. Eleven months’ State budget collection reaches VND112 billion, accounting for 106% of the plan goals.

    Foreign investment attraction has shown positive signs. Over eleven months, 30 investment certificates with a total registered capital of US$2.397 billion have been granted and 44 projects have registered to increase their capital. Up to now, Dong Nai’s 979 foreign investment projects have still been valid. Domestic investment attraction is 2.36 times as much as that in 2008 and 2.57 times greater than the year plan. Particularly, 65 new projects have been granted investment certificates and two projects have registered to increase their capital. There have been 1,979 business start-ups. Those are privately-owned ones with a total registered capital of VND10,311 billion, exceeding 20.89% of the year plan. The province has had more than 9,900 private businesses so far.

    Agriculturally, crops have been cultivated successfully and diseases have been prevented effectively. As a result, no epidemic has broken out in the province. Cultural and social sector, especially job generation, has achieved pretty good results. In November, 7,272 jobs were created and vocational training courses were held for 6,138 people.

    Addressing the meeting, Chairman of Dong Nai People’s Committee – Vo Van Mot commended departments, committees and sectors for the achievements they have obtained. Mot stressed that sectors should reconsider major projects to ensure a timely disbursement and a good progress of disbursement and actively expand revenue sources to raise the State budget. He added that commercial and industrial sectors were required to collaborate with other sectors in enhancing inspection to combat fake goods and stabilize supply and demand for goods in the coming Lunar New Year. He continued that authorities had to focus on implementing the second phase of cattle and poultry vaccination, boost up quarantine in cattle and poultry and carry out an inspection upon slaughter operations and veterinary hygiene in the province.

Reported by Thu Dung, Translated by Duy Minh