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Improving competitiveness to prepare for WTO

At the 16th session of the Provincial People’s Council Term VIII on December 12th, all commissaries agreed with the evaluation of Provincial People’s Committee: The domestic and the world’s economy in 2015 still encounters many difficulties, still,  the Party and people in Dong Nai province made the best efforts  to complete the missions given by Provincial People’s Council. The socio-economy of the province continued to develop stably.​


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Commissaries are voting to ratify the contents at the session.
 

Vice Chairman of Provincial People’s Committee – Mr. Tran Minh Phuc said that in 2015, the economy developed as oriented. In which, Gross regional domestic product (GRDP) in 2015 increased by 11.75% over the same period last year.
 
*The province sees growth in Both Domestic Investment and Foreign Investment
Provincial People’s Committee directed the investment attraction effectively, the FDI and domestic investment attraction results exceeded the target. FDI in 2015 in particular continued to grow faster than the past years. Total FDI capital from the beginning of 2015 to now is up to $2.4 billion, $1.5 billion (53%) more than the same period in 2014 and 139% more than the 2015’s target. Meanwhile, domestic investment capital value for investment certificate registration is 9.3 trillion VND, 3% more than last year’s target.
 
Director of Department of Planning and Investment - Mr. Cao Tien Dung said that the Foreign investment attraction result in 2015 is really positive. New investment attracting plans in accordance with the guidelines of the province are to attract investment selectively, hi-tech, eco-friendly, service, infrastructure and transportation projects are prioritized; projects with high capital investment, high technology and highly trained workforce and especially supportive industry projects.
In the near future, one of the core solutions of Provincial People’s Committee to attract FDI is focusing on improving the business environment, accelerating administrative reform, shortening the processes, reducing and simplifying the file content, reducing time and cost in performing administrative procedure.
 
*Supporting business in improving the competitiveness.
 
However, nowadays, socio-economy development still encounters some difficulties and limitations, especially in 2016, Vietnam will integrate further into the international economic. In detail, at the end of 2015,the ASEAN community was officially established, Vietnam signed and implemented many free trade agreements (FTA), trans-Pacific partnership (TPP) but the Central ministries and sectors have not implemented and directed the Provincial departments and enterprises to implement the solutions, especially the competitiveness solution. Therefore, many commissaries are really concerned about the supportive solution for small and medium enterprises as well as agricultural export products which are the strengths of Dong Nai province.
 
About this matter, Director of the Department of Industry and Trade – Mr. Nguyen Hoa Hiep admitted that in Dong Nai, after reviewing and evaluating, taxes on some industrial and agricultural products taxes from domestic enterprises needed to be reduced, so this group of product was affected significantly, which affect directly their business. To support the enterprises in improving the competitiveness, State management agencies will focus on developing supportive industries to support enterprises with material inputs and contribute to increasing productivity.
 

Beside, Provincial People’s Committee will positively implement the credit guarantee policy for small and medium enterprises. Helping them to get used to credit capital more easily to invest and innovate new technology, organizing credit demand and supply connecting forum, helping enterprises to get used to the easy credit loans, bringing them into business. Supporting enterprises in establishing and promoting their trademarks, accelerating their business, helping enterprises to have stable positions in the domestic market, maintain stable market shares together with develop a good foreign markets.

 
Ngoc Thu

 

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