Action Plan to restructure the provincial economy in the period of 2021-2025

​Restructuring public investment is one of the tasks and solutions to carry out economic restructuring in the period of 2021-2025 in the province

(Photo of construction of Vam Cai Sut Bridge Project, Bien Hoa City).

According to the Provincial People's Committee, the purpose of the Action Plan is to thoroughly announce to all levels, branches, localities and units in the whole province about the objectives and tasks of restructuring the economy in the 2021-2025 period approved by the Government in the Resolution No. 54. Accordingly, all levels, branches, localities and units clearly define the tasks and solutions that need to be focused on directing and operating and assigning the prime responsibility and coordination to successfully implement the tasks of economic structure goals and tasks.

The general objective of the Action Plan of the Provincial People's Committee is to form a reasonable and effective structure in each sector and field; between industries, fields and the whole economy; develop many national products based on new and high technology; create a breakthrough in the competitiveness of a number of key economic sectors and make substantial and clear changes in the growth model, productivity, quality, efficiency, competitiveness, improvement of autonomy, adaptability and resilience of the economy.

The Provincial People's Committee also set the main targets including: the labor productivity growth rate of Dong Nai Province is higher than the national average labor productivity growth rate (the national target is 6.5%/year); increase the proportion of contributions of science, technology, and innovation to growth, in which total factor productivity (TFP) reaches about 45% of GRDP; by 2025, to be in the group of 15 provinces with the highest provincial competitiveness scores in the country; the average state budget deficit rate in the 2021-2025 period is 3.7% of GRDP; reduce at least 10% of the total number of public non-business units compared to 2021, with at least 20% of self-financed units; the average total investment capital of the whole society in 5 years is about 32-34% of GRDP. Improve the quality of public investment management institutions to an international level; On-balance sheet bad debt of the whole system of credit institutions was maintained at less than 3%, gradually developing a professional and sustainable debt trading market. All commercial banks (excluding weak banks) apply Basel II according to the standard method; the proportion of spending on scientific research and technological development was less than 1% of GRDP, the number of enterprises implementing technological innovation increases by an average of 15% per year in the period 2021-2025; contribution of the private sector to GRDP is about 5%; The proportion of value added of the digital economy in the GRDP is about 20%, the proportion of value added of the digital economy in each industry and field reaches at least 10%.

Phan Anh