|
Binh Dinh’s socio-economic development reaped positive results in 2012 despite many difficulties. The province is expected to reach higher growth in this year, stabilizing the macro economy, ensuring the social welfare, and improving the people’s living standard. Binh Dinh Province’s Chairman Le Huu Loc talks more about the issue.
 |
|
Quy Nhon city on the development path. Photo D.T.D |
The previous year saw many difficulties, but Binh Dinh got many important achievements thanks to all-out efforts. Could you brief us on the key results on the province’s socio-economic development?
The world economy varied and faced more difficulties last year. In Vietnam, tightening the finance and currency is essential to curb the inflation, but this reduced the domestic demand and caused difficulties for businesses.
Binh Dinh also saw many challenges; however, it still maintained the reasonable growth thanks to the authorities and people’s efforts.
The province’s industrial production didn’t meet the target eventhough it still grew, in whihc industry increased by 8.1 percent, compared with the target of 16.1 percent while services rose by 11.56 percent against the goal of 14.1 percent.
However, the value of agricultural, forestry and fishery products witnessed the ever highest output. The growth in agricultural, forestry and fishery sectors reached 5.22 percent, accounting for 8.4 percent of the province’s overall growth.
However, Binh Dinh didn’t finish some goals last year. Could you explain the causes?
The province as well as its key businesses faced many difficulties, such as the shortage of raw material, markets, and low competitiveness. In addition, many companies were not able to access loans with low interest due to debt while their financial issues hadn’t been improved.
Overall, the industrial sector still saw many positive signs. Among 30 key industrial products, there were 21 getting higher results. Some garment companies also signed many contracts with foreign partners, contributing to the export turnover and improving the people’s living standard.
The growth in the service sector was lower than expected because of spending cut in public and private sectors. However, the growth maintainance in the service sector also contributed to the province’s economic development.
It is forecast that there will be many difficulties and challenges in 2012. What does Binh Dinh expect for the new stage of development?
Binh Dinh will still face many problems, particularly the drought. The provincial authorities thus set practical targets for 2013. Under the plan, the province will continue explore its potential and advantages, take advantage of external sources, strengthen the invesment promotion, and strive to maintain the growth at a rapid pace.
Despite some difficulties, Binh Dinh will cooperate with investors to implement some important projects which are expected to promote the province’s socio-economic development and generate its advantages in the relationship with neighboring provinces.
Many investors are expected to return to Binh Dinh. Could you reveal the province’s goals in the investment attraction in 2013?
At present, there are many big investors connecting with Binh Dinh to take opportunities when the global economy recovers. For example, Japanese investors showed their interest in the supporting industry while Nha Be garment corporation planned to expand its factories. Notably, Thailand investors proposed to invest a refinery complex in Nhon Hoi Economic Zone.
Alongside these, the local authorities will prioritize some small and medium sized projects in fields of industry, tourism, heath, education and culture.
| 
